Year: 2026 2025 2024
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Port Harcourt, Nigeria

Property prices · 2026 · Africa · Price +22.2% vs 2025

Price/sqm — City Centre NGN 693,000
Price/sqm — Outside Centre NGN 453,750
1-Bed Rent / Month NGN 198,000
3-Bed Rent / Month NGN 321,750
Avg Mortgage Rate 22.50%
Price-to-Rent Ratio 17.0x Buying and renting are roughly comparable

Property price trend in Port Harcourt (2024–2026)

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Property comparison — cities in Nigeria (2026)

City Centre /sqm Outside /sqm 1-Bed Rent vs Port Harcourt
Port Harcourt NGN 693,000 NGN 453,750 NGN 198,000
Abuja NGN 1,072,500 NGN 709,500 NGN 297,000 +54.8%
Lagos NGN 909,500 NGN 556,400 NGN 267,500 +31.2%

Other Africa cities (2026)

Frequently asked questions

How much does property cost in Port Harcourt in 2026?

In Port Harcourt, the average price per sqm in the city centre is NGN 693,000, and NGN 453,750 outside the centre (2026 data). Prices have risen 65% since 2024.

How much is rent in Port Harcourt in 2026?

A 1-bedroom apartment in Port Harcourt rents for approximately NGN 198,000 per month in 2026. A 3-bedroom apartment costs around NGN 321,750/month.

Is it better to buy or rent in Port Harcourt?

Buying and renting are roughly comparable in Port Harcourt. The price-to-rent ratio is 17.0x — it would take approximately 17.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 22.50%.

What are mortgage rates in Nigeria in 2026?

The average mortgage rate in Nigeria is approximately 22.50% as of 2026. With a price-to-rent ratio of 17.0x, buyers should carefully weigh mortgage costs against rental savings.

How have property prices in Port Harcourt changed?

Property prices in Port Harcourt have changed +22.2% vs 2025. Since 2024, prices have increased by 65%. Use the year tabs above to compare prices across years.

What is the price per sqm in Port Harcourt?

The average property price per square metre in Port Harcourt city centre is NGN 693,000 in 2026. Outside the centre, expect to pay around NGN 453,750/sqm.

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