The average rent price in the Oyo region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per m² in Oyo has risen considerably in the last 6 months. During November, the average price per m² was ₦ 9,030.84. The following month (December) the price had a considerable fall reaching ₦ 6,764.25 per m². In the following two months (January, February) the rent price per m² has increased notably to a 198 %. In the last two months, the price has barely changed with regard to the average value for the last 4 months going from an average price per m² of ₦ 11,786.56 to ₦ 11,783.7 during March and April.
When referring to the price in Oyo (region), this has fallen in the last 6 months. In the first month sample November the average price is ₦ 1,204,839. In December the price remains at ₦ 1,245,192. The average price for the following two months (January, February) fell 90 % compared to the previous two. During the last two months the price has gone down 89 % compared to the previous average values going from ₦ 1,161,939.5 a ₦ 1,036,079.5 in March y April.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 31 % cheaper than the average price in Oyo followed by those with 2 with an average price of ₦ 1,113,889. The most expensive properties have 4 bedrooms. They are 174 % more expensive than the average followed by those properties with 3 bedrooms priced at ₦ 1,329,412.
Based on the average price per m² those properties with 3 bedrooms are the most affordable ones with a price of ₦ 4,066.76 / m² being ₦ 4,873.5 / m² the average for Oyo. The properties with the highest average price are those with 4 bedrooms. These are 2050 % more expensive than the average followed by those with 2 bedrooms with a price of ₦ 5,951.77 / m².
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of ₦ 1,131,250 it is 82 % cheaper than the average in Oyo. This is followed by "Flat" with a cost of ₦ 252,350. The most affordable property type is "Flat" and is 78 % cheaper than the average, followed by "House" with a cost of ₦ 208,449.
Based upon the average cost per m² the most affordable property type is "House with a an average price of ₦ 365 / m², followed by "Flat" with a price of ₦ 592 / m². "Flat" with an average price of ₦ 592 / m² is the most affordable type of property followed by "House" at a price of ₦ 365 / m².