The 10 Most Affordable Neighborhoods in Akure, Nigeria for First-Time Homebuyers

As a seasoned real estate expert, I’ve had the privilege of exploring various neighborhoods in Nigeria. One city that has always intrigued me is Akure, the capital of Ondo State. It’s a city that beautifully blends tradition with modernity, and it’s an excellent place for first-time homebuyers. But where exactly should you buy? Well, let’s dive into the 10 most affordable neighborhoods in Akure for first-time homebuyers. 🏡

1. Ijapo Estate

First on our list is Ijapo Estate. This neighborhood is known for its serene environment and well-planned layout. The average price of a three-bedroom flat here is around 10 million Naira, making it an affordable option for first-time homebuyers.

2. Alagbaka GRA

Alagbaka GRA is another neighborhood that offers value for money. It’s a residential area with a good road network, constant electricity, and proximity to schools and hospitals. A three-bedroom flat here goes for about 15 million Naira.

3. Oba-Ile

Oba-Ile is a fast-growing suburb in Akure. It’s a peaceful neighborhood with a mix of modern and traditional houses. The average price of a three-bedroom flat in Oba-Ile is around 8 million Naira.

4. Shagari Village

Shagari Village is a government residential area with a calm and friendly environment. The average price of a three-bedroom flat here is about 7 million Naira, making it one of the most affordable neighborhoods in Akure.

5. Oda Road

Oda Road is a bustling area with a variety of housing options. It’s close to markets, schools, and hospitals, making it a convenient place to live. A three-bedroom flat here costs around 10 million Naira.

6. Ilekun

Ilekun is a quiet neighborhood with a rural feel. It’s an excellent choice for those who prefer a peaceful environment. The average price of a three-bedroom flat in Ilekun is about 6 million Naira.

7. Aule

Aule is a residential area with a mix of modern and traditional houses. It’s a peaceful neighborhood with a rural feel. A three-bedroom flat here costs around 7 million Naira.

8. Ado Road

Ado Road is a bustling area with a variety of housing options. It’s close to markets, schools, and hospitals, making it a convenient place to live. A three-bedroom flat here costs around 9 million Naira.

9. Oke-Aro

Oke-Aro is a quiet neighborhood with a rural feel. It’s an excellent choice for those who prefer a peaceful environment. The average price of a three-bedroom flat in Oke-Aro is about 6 million Naira.

10. Idanre Road

Idanre Road is a bustling area with a variety of housing options. It’s close to markets, schools, and hospitals, making it a convenient place to live. A three-bedroom flat here costs around 8 million Naira.

FAQs

1. What is the average price of a house in Akure?

The average price of a house in Akure ranges from 6 million to 15 million Naira, depending on the neighborhood and the type of house.

2. Is Akure a good place to live?

Yes, Akure is a good place to live. It’s a peaceful city with a low cost of living, good road network, and access to basic amenities.

3. What is the cost of living in Akure?

The cost of living in Akure is relatively low compared to other cities in Nigeria. The average monthly cost for a single person is around 50,000 Naira.

Conclusion

Buying a home for the first time can be a daunting task, especially when you’re not familiar with the area. But with this guide, you can confidently navigate the real estate market in Akure. From the serene environment of Ijapo Estate to the bustling area of Ado Road, there’s a neighborhood for every budget and lifestyle. So, whether you’re a fan of the quiet rural life or the vibrant city life, Akure has got you covered. 🏡

Kurby Team

The Kurby Content Team is a diverse group of seasoned real estate experts dedicated to providing insightful, reliable information for homebuyers, real estate investors, and real estate agents. With backgrounds ranging from real estate brokerage, property investment, and residential home buying, our team combines decades of experience with a passion for demystifying the real estate world. We at Kurby are committed to helping you make informed, successful real estate decisions. Whether you're a first-time homebuyer, a seasoned investor, or a real estate professional, count on the Kurby Content Team to deliver the most relevant, actionable real estate content you need.