Top 20 Estates in Oyo State, Nigeria: A Comprehensive Guide for 2025

Oyo State, home to Ibadan, the largest city in West Africa, is a thriving real estate market fueled by rapid urbanization, infrastructure projects, and a growing population. Key areas like Jericho, Akobo, and Moniya benefit from proximity to landmarks such as the University of Ibadan, Ibadan Inland Dry Port, and Moniya Railway Terminal. The Oyo State Government’s housing initiatives, including new estates in Ogbomoso, Saki, Iseyin, Eruwa, and Kishi, enhance affordability and development. This article details the top 20 estates in Oyo State for 2025, providing insights into land costs, developers, pricing, infrastructure, and investment potential for investors, developers, and homebuyers, based on data from Nigeria Property Centre, PropertyPro Nigeria, and Planet Ville Real Estate.

Introduction

Oyo State’s real estate market is one of Nigeria’s most dynamic, with Ibadan leading as a commercial and educational hub. Estates in areas like Jericho, Alalubosa, and Akobo cater to high-income residents, while emerging areas like Moniya and Akinyele offer affordable options for buy-and-build investors. Infrastructure projects, such as the Moniya-Iseyin Expressway and Ibadan Circular Road, drive property appreciation, particularly in estates near the Inland Dry Port and railway terminal. Despite challenges like inflation and utility constraints in rural areas, Oyo’s diverse offerings make it attractive for residential and commercial investments. This guide lists the top 20 estates, selected for their accessibility, infrastructure, and market appeal.

Top 20 Estates in Oyo State

The following estates include luxury developments, government-backed schemes, and affordable buy-and-build estates, primarily in Ibadan, with some in Ogbomoso and Iseyin. They cater to low- to high-income residents and investors seeking high returns.

Jericho GRA
Alalubosa GRA
Carlton Gate Estate
Western Crest
Ibadan Riviera Parks & Resorts
City Park and Gardens
Moniya Gardens
Itura Gardens
Aafin Oba
Millennial City Phase 2
Serenity Court
The Brook
Richmond Court and Garden
Bethel Gardens
Emerald Estate
Greenland Estate
Ojelade Estate
Stone Gate Estate
Wexford Luxury and Smart Estate
Ilu-Oba Estate

Detailed Breakdown per Estate

1. Jericho GRA

Land Cost: ₦75 million–₦85 million per plot (600 sqm).
Developer: Oyo State Government and private developers.
Price List: Plots: ₦75 million (outright), ₦80 million (6 months), ₦85 million (12 months); documentation: ₦1.5 million.
Cost of Renting: ₦1.5 million–₦3 million/year for apartments.
Cost of Buying a Property: ₦120 million–₦200 million for duplexes.
Nearest Bus Stop: Jericho Bus Stop.
Location: Jericho, Ibadan, near Greenland Estate.
Residential Properties: Duplexes, bungalows, and apartments for high-income residents.
Land for Development: Limited; high-value residential plots.
Estate Infrastructure: Tarred roads, 24/7 electricity, security, drainage, recreational facilities.
Investment Potential: 6–10% ROI; premium location with stable demand.
Inflation Warning: Inflation (32.15% in 2024) may increase construction costs and rental rates.
Notes: C of O available; contact Taiwo Salam & Co. (+2348065558146).
Summary: Luxury estate with top-tier infrastructure and high rental yields in Ibadan’s elite area.

2. Alalubosa GRA

Land Cost: ₦50 million–₦65 million per plot (500 sqm).
Developer: Oyo State Government and private developers.
Price List: Plots: ₦50 million (outright), ₦60 million (12 months); houses: ₦125 million–₦230 million.
Cost of Renting: ₦1 million–₦2.5 million/year for apartments.
Cost of Buying a Property: ₦125 million–₦230 million for duplexes.
Nearest Bus Stop: Alalubosa Bus Stop.
Location: Alalubosa GRA, Ibadan, near Iyaganku GRA.
Residential Properties: Duplexes, bungalows, and luxury apartments.
Land for Development: Limited; high-value residential and commercial plots.
Estate Infrastructure: Tarred roads, electricity, advanced security, cinema, gym, pool.
Investment Potential: 6–10% ROI; high demand from affluent residents.
Inflation Warning: Inflation may escalate property and rental costs.
Notes: Federal C of O (999-year lease); contact Bluehedge Realtors (+2348177766115).
Summary: Prestigious estate with modern amenities and strong investment returns.

3. Carlton Gate Estate

Land Cost: ₦75 million–₦100 million per plot (409 sqm).
Developer: Private developers, marketed by Taiwo Salam & Co.
Price List: Plots: ₦75 million (outright), ₦85 million (12 months); houses: ₦180 million–₦200 million.
Cost of Renting: ₦1.5 million–₦3 million/year for apartments.
Cost of Buying a Property: ₦180 million–₦200 million for duplexes.
Nearest Bus Stop: Akobo Bus Stop.
Location: Kolapo Ishola GRA, Akobo, Ibadan.
Residential Properties: 4-bedroom duplexes with BQ, swimming pool.
Land for Development: Limited; premium residential plots.
Estate Infrastructure: Tarred roads, security, ample parking, gated community.
Investment Potential: 6–10% ROI; high rental demand in Akobo GRA.
Inflation Warning: Inflation may impact high-end property affordability.
Notes: C of O; contact Taiwo Salam & Co. (+2348065558146).
Summary: Luxury estate with high-value properties and stable returns in Akobo.

4. Western Crest

Land Cost: ₦750,000–₦1.6 million per plot (300–500 sqm).
Developer: Faustinos Faust Limited.
Price List: 300 sqm: ₦750,000; 500 sqm: ₦1 million (residential), ₦1.6 million (commercial); documentation: ₦200,000.
Cost of Renting: ₦200,000–₦600,000/year for apartments.
Cost of Buying a Property: ₦6 million–₦15 million for bungalows.
Nearest Bus Stop: Moniya Bus Stop.
Location: Moniya-Iseyin Expressway, Ibadan.
Residential Properties: Bungalows for middle-income families.
Land for Development: Ample; residential and commercial potential.
Estate Infrastructure: Perimeter fencing, earth roads, gatehouse.
Investment Potential: 8–12% ROI; proximity to railway terminal and IITA.
Inflation Warning: Inflation may increase construction costs.
Notes: Registered survey and deed; contact Faustinos Faust (+2348124343629).
Summary: Affordable estate with high appreciation potential near Moniya’s development hub.

5. Ibadan Riviera Parks & Resorts

Land Cost: ₦900,000–₦1.5 million per plot (300–500 sqm).
Developer: Ribiya Global Resources.
Price List: 300 sqm: ₦900,000; 500 sqm: ₦1.5 million; 1 acre: ₦9 million; documentation included.
Cost of Renting: ₦200,000–₦600,000/year for apartments.
Cost of Buying a Property: ₦6 million–₦15 million for bungalows.
Nearest Bus Stop: Ilaju Bus Stop.
Location: Ilaju Community, Ido, Ibadan.
Residential Properties: Bungalows and short-term rental units.
Land for Development: Ample; residential, commercial, and resort potential.
Estate Infrastructure: Gated estate, good roads, drainage, C of O in view.
Investment Potential: 8–12% ROI; resort-style appeal for short-term rentals.
Inflation Warning: Inflation may affect construction and rental income.
Notes: Flexible payment plans; contact Ribiya Global (+2349061968976).
Summary: Unique resort-inspired estate with strong investment potential.

6. City Park and Gardens

Land Cost: ₦3.5 million–₦4.9 million per plot (600 sqm).
Developer: Adron Homes and Properties Ltd.
Price List: Plots: ₦3.5 million (outright), ₦4.9 million (24 months); documentation: ₦200,000.
Cost of Renting: ₦300,000–₦800,000/year for apartments.
Cost of Buying a Property: ₦10 million–₦25 million for bungalows.
Nearest Bus Stop: Asejire Bus Stop.
Location: Ibadan-Ife Expressway, opposite Coca-Cola Factory, Asejire.
Residential Properties: Bungalows for middle-income families.
Land for Development: Ample; residential and commercial potential.
Estate Infrastructure: Graded roads, proposed sports centre, supermarkets.
Investment Potential: 8–12% ROI; strategic location near Asejire Dam.
Inflation Warning: Inflation may increase development costs.
Notes: Registered survey and deed; contact Adron Homes (+2348066698428).
Summary: Promising estate with commercial proximity and high returns.

7. Moniya Gardens

Land Cost: ₦1.5 million–₦2 million per plot (450 sqm).
Developer: Private developers, marketed by PropertyPro Nigeria.
Price List: Plots: ₦1.5 million (outright), ₦2 million (12 months); documentation: ₦300,000.
Cost of Renting: ₦200,000–₦600,000/year for apartments.
Cost of Buying a Property: ₦6 million–₦15 million for bungalows.
Nearest Bus Stop: Moniya Bus Stop.
Location: Moniya, Ibadan, near Moniya Railway Terminal.
Residential Properties: Bungalows for middle-income families.
Land for Development: Ample; residential and commercial potential.
Estate Infrastructure: Graded roads, boreholes, community security.
Investment Potential: 8–12% ROI; proximity to railway and dry port.
Inflation Warning: Inflation may raise construction costs.
Notes: Verify titles; contact PropertyPro Nigeria (+23480999999811).
Summary: Affordable estate with high growth potential in Moniya.

8. Itura Gardens

Land Cost: ₦2.1 million–₦3.5 million per plot (300–500 sqm).
Developer: Ribiya Global Resources.
Price List: 300 sqm: ₦2.1 million; 500 sqm: ₦3.5 million; 1 acre: ₦21 million; documentation included.
Cost of Renting: ₦200,000–₦600,000/year for apartments.
Cost of Buying a Property: ₦6 million–₦15 million for bungalows.
Nearest Bus Stop: Moniya Bus Stop.
Location: Moniya, Ibadan, near IITA and Moniya Train Station.
Residential Properties: Bungalows for middle-income families.
Land for Development: Ample; residential and commercial potential.
Estate Infrastructure: Gated estate, good roads, drainage, C of O.
Investment Potential: 8–12% ROI; strategic development corridor.
Inflation Warning: Inflation may impact affordability.
Notes: Flexible payment plans; contact Ribiya Global (+2349061968976).
Summary: Secure estate with strong investment potential near IITA.

9. Aafin Oba

Land Cost: ₦3 million–₦4 million per plot (300–500 sqm).
Developer: Crest Homes and Properties.
Price List: 300 sqm: ₦3 million; 500 sqm: ₦4 million; 1 acre: ₦24 million; documentation included.
Cost of Renting: ₦300,000–₦800,000/year for apartments.
Cost of Buying a Property: ₦10 million–₦25 million for bungalows.
Nearest Bus Stop: Lagelu Bus Stop.
Location: Lagelu, Ibadan, near Ibadan Airport.
Residential Properties: Bungalows for middle-income families.
Land for Development: Ample; residential and commercial potential.
Estate Infrastructure: 24/7 power, security, swimming pool, water supply.
Investment Potential: 8–12% ROI; proximity to airport and golf course.
Inflation Warning: Inflation may increase construction costs.
Notes: C of O in view; contact Crest Homes (+2347026474189).
Summary: Premium estate with modern amenities and high returns.

10. Millennial City Phase 2

Land Cost: ₦1.3 million–₦1.8 million per plot (300–500 sqm).
Developer: Cliss Homes.
Price List: 300 sqm: ₦1.3 million; 500 sqm: ₦1.8 million; 1 acre: ₦10.8 million; documentation: ₦200,000.
Cost of Renting: ₦200,000–₦600,000/year for apartments.
Cost of Buying a Property: ₦6 million–₦15 million for bungalows.
Nearest Bus Stop: Ayelaagbe Bus Stop.
Location: Ayelaagbe, Moniya-Iseyin Expressway, Ibadan.
Residential Properties: Bungalows for middle-income families.
Land for Development: Ample; residential and commercial potential.
Estate Infrastructure: Perimeter fencing, gatehouse, good roads, 24-hour security.
Investment Potential: 8–12% ROI; near IITA and train station.
Inflation Warning: Inflation may affect development costs.
Notes: Deed and survey; contact Cliss Homes (+2349061968976).
Summary: Affordable estate with strong growth potential in Moniya.

11. Serenity Court

Land Cost: ₦600,000–₦2.6 million per plot (150–600 sqm).
Developer: Xpresslet Property Network.
Price List: 150 sqm: ₦600,000; 300 sqm: ₦1.3 million; 600 sqm: ₦2.6 million; documentation included.
Cost of Renting: ₦200,000–₦600,000/year for apartments.
Cost of Buying a Property: ₦6 million–₦15 million for bungalows.
Nearest Bus Stop: Moniya Bus Stop.
Location: Alabata, Moniya-Iseyin Expressway, Ibadan.
Residential Properties: Bungalows for middle-income families.
Land for Development: Ample; residential and commercial potential.
Estate Infrastructure: C of O, gated estate, good roads, drainage.
Investment Potential: 8–12% ROI; near Moniya Railway Terminal.
Inflation Warning: Inflation may raise construction costs.
Notes: Instant allocation; contact Xpresslet (+2347035726861).
Summary: Budget-friendly estate with high appreciation potential.

12. The Brook

Land Cost: ₦50 million per plot (500 sqm).
Developer: Private developers, marketed by Xpresslet Property Network.
Price List: Plots: ₦50 million (outright), ₦65 million (3 months); documentation: ₦1 million.
Cost of Renting: ₦1 million–₦2.5 million/year for apartments.
Cost of Buying a Property: ₦125 million–₦230 million for duplexes.
Nearest Bus Stop: Alalubosa Bus Stop.
Location: Alalubosa GRA, Ibadan, near Oyo State Railway Station.
Residential Properties: Duplexes with modern amenities.
Land for Development: Limited; high-value residential plots.
Estate Infrastructure: Uninterrupted power, smart security, lounge, cinema, gym.
Investment Potential: 6–10% ROI; luxury market demand.
Inflation Warning: Inflation may impact high-end property affordability.
Notes: Federal C of O; contact Xpresslet (+2347035726861).
Summary: Luxury estate with premium amenities and stable returns.

13. Richmond Court and Garden

Land Cost: ₦1.5 million–₦3 million per plot (500–1000 sqm).
Developer: Revolution Plus Property Development Company Limited.
Price List: 500 sqm: ₦1.5 million; 1000 sqm: ₦3 million; documentation: ₦1.2 million.
Cost of Renting: ₦200,000–₦600,000/year for apartments.
Cost of Buying a Property: ₦6 million–₦15 million for bungalows.
Nearest Bus Stop: Challenge Bus Stop.
Location: Oke Mekun Town, Elubu, off Akala Express, Ibadan.
Residential Properties: Bungalows for middle-income families.
Land for Development: Ample; residential and commercial potential.
Estate Infrastructure: Perimeter fencing, earth roads, gatehouse.
Investment Potential: 8–12% ROI; developing area with growth potential.
Inflation Warning: Inflation may increase construction costs.
Notes: Registered survey; contact Revolution Plus (+2348032065685).
Summary: Affordable estate with strong investment prospects near Akala Express.

14. Bethel Gardens

Land Cost: ₦1.5 million–₦3 million per plot (500–1000 sqm).
Developer: Planet Ville Real Estate.
Price List: 500 sqm: ₦1.5 million; 1000 sqm: ₦3 million; documentation: ₦1.2 million.
Cost of Renting: ₦200,000–₦600,000/year for apartments.
Cost of Buying a Property: ₦6 million–₦15 million for bungalows.
Nearest Bus Stop: Ijaye Bus Stop.
Location: Ijaye, Moniya-Iseyin Road, Ibadan.
Residential Properties: Bungalows for middle-income families.
Land for Development: Ample; residential and commercial potential.
Estate Infrastructure: Registered survey, earth roads, gatehouse.
Investment Potential: 8–12% ROI; near IITA and train station.
Inflation Warning: Inflation may affect development costs.
Notes: 100% dry land; contact Planet Ville (+2348032065685).
Summary: Budget-friendly estate with high growth potential in Moniya.

15. Emerald Estate

Land Cost: ₦400,000 per plot (450 sqm).
Developer: Xpresslet Property Network.
Price List: Plots: ₦400,000 (outright); documentation: ₦100,000.
Cost of Renting: ₦150,000–₦400,000/year for apartments.
Cost of Buying a Property: ₦5 million–₦12 million for bungalows.
Nearest Bus Stop: Moniya Bus Stop.
Location: Alabata, Moniya-Iseyin Expressway, Ibadan.
Residential Properties: Bungalows for low-income families.
Land for Development: Ample; residential and agricultural potential.
Estate Infrastructure: 100% dry land, good roads, drainage.
Investment Potential: 8–12% ROI; near IITA and dry port.
Inflation Warning: Inflation may increase construction costs.
Notes: Verify titles; contact Xpresslet (+2347035726861).
Summary: Low-cost estate with strong investment potential in Moniya.

16. Greenland Estate

Land Cost: ₦50 million–₦70 million per plot (600 sqm).
Developer: Private developers, marketed by Taiwo Salam & Co.
Price List: Plots: ₦50 million (outright), ₦60 million (12 months); houses: ₦160 million.
Cost of Renting: ₦1 million–₦2.5 million/year for apartments.
Cost of Buying a Property: ₦160 million for 4-bedroom duplexes.
Nearest Bus Stop: Jericho Bus Stop.
Location: Jericho GRA, Ibadan, near Lere Adigun GRA.
Residential Properties: 4-bedroom duplexes with BQ.
Land for Development: Limited; high-value residential plots.
Estate Infrastructure: Tarred roads, security, electricity, drainage.
Investment Potential: 6–10% ROI; high rental demand.
Inflation Warning: Inflation may impact high-end property affordability.
Notes: C of O; contact Taiwo Salam & Co. (+2348065558146).
Summary: Premium estate with strong rental yields in Jericho GRA.

17. Ojelade Estate

Land Cost: ₦1.8 million per plot (600 sqm).
Developer: Taiwo Salam & Co. Properties Limited.
Price List: Plots: ₦1.8 million (outright); documentation: ₦300,000.
Cost of Renting: ₦200,000–₦600,000/year for apartments.
Cost of Buying a Property: ₦6 million–₦15 million for bungalows.
Nearest Bus Stop: Akala Express Bus Stop.
Location: Ojo Ekun, off Tipper Garage, Akala Express, Ibadan.
Residential Properties: Bungalows for middle-income families.
Land for Development: Ample; residential potential.
Estate Infrastructure: Gated community, registered survey, good layout.
Investment Potential: 8–12% ROI; developing area near Akala Express.
Inflation Warning: Inflation may increase construction costs.
Notes: Discount for bulk purchase; contact Taiwo Salam (+2348065558146).
Summary: Affordable estate with growth potential near Akala Express.

18. Stone Gate Estate

Land Cost: ₦1.3 million–₦1.8 million per plot (300–500 sqm).
Developer: Cliss Homes.
Price List: 300 sqm: ₦1.3 million; 500 sqm: ₦1.8 million; documentation: ₦200,000.
Cost of Renting: ₦200,000–₦600,000/year for apartments.
Cost of Buying a Property: ₦6 million–₦15 million for bungalows.
Nearest Bus Stop: Moniya Bus Stop.
Location: Olofin Village, Moniya-Iseyin Expressway, Ibadan.
Residential Properties: Bungalows for middle-income families.
Land for Development: Ample; residential and commercial potential.
Estate Infrastructure: Perimeter fencing, good roads, gatehouse.
Investment Potential: 8–12% ROI; near IITA and train station.
Inflation Warning: Inflation may affect development costs.
Notes: Deed and survey; contact Cliss Homes (+2349061968976).
Summary: Budget-friendly estate with strong growth potential in Moniya.

19. Wexford Luxury and Smart Estate

Land Cost: ₦1.3 million–₦8 million per plot (300–1000 sqm).
Developer: Rehoboth Hills.
Price List: 300 sqm: ₦1.3 million; 500 sqm: ₦2 million; 1000 sqm: ₦8 million; documentation: ₦300,000.
Cost of Renting: ₦200,000–₦600,000/year for apartments.
Cost of Buying a Property: ₦6 million–₦15 million for bungalows.
Nearest Bus Stop: Omi Adio Bus Stop.
Location: Omi Adio/Ido Expressway, Ibadan.
Residential Properties: Bungalows, apartments, commercial units.
Land for Development: Ample; mixed-use potential (banks, tech hubs, plazas).
Estate Infrastructure: Perimeter fencing, motorable roads, drainage, gatehouse.
Investment Potential: 8–12% ROI; near University of Ibadan and train station.
Inflation Warning: Inflation may increase construction costs.
Notes: Registered survey and deed; contact Acoustic Properties (+2349076854411).
Summary: Mixed-use estate with high commercial and residential potential.

20. Ilu-Oba Estate

Land Cost: ₦1.2 million–₦1.8 million per plot (300–600 sqm).
Developer: Private developers, marketed by PropertyPro Nigeria.
Price List: 300 sqm: ₦1.2 million; 600 sqm: ₦1.8 million; 1 acre: ₦9 million; documentation: ₦150,000.
Cost of Renting: ₦200,000–₦600,000/year for apartments.
Cost of Buying a Property: ₦6 million–₦15 million for bungalows.
Nearest Bus Stop: Moniya Bus Stop.
Location: Onikooko, Moniya Expressway, Ibadan.
Residential Properties: Bungalows for middle-income families.
Land for Development: Ample; residential and commercial potential.
Estate Infrastructure: Perimeter fencing, good roads, gatehouse.
Investment Potential: 8–12% ROI; near Moniya Motor Park and IITA.
Inflation Warning: Inflation may affect development costs.
Notes: Flexible payment plans; contact PropertyPro Nigeria (+23480999999811).
Summary: Affordable estate with strong investment potential in Moniya.

General Notes

Due Diligence: Verify titles with a lawyer to avoid ‘Omo Onile’ issues, especially for private estates. Contact Oyo State Housing Corporation or developers like Adron Homes (+2348066698428) for assistance.
Local Expertise: Engage realtors via Nigeria Property Centre or PropertyPro Nigeria for pricing and inspections.
Taxation: Land use charges (₦1,000–₦20,000) and 10% capital gains tax apply; consult a tax expert.
Infrastructure Challenges: Rural estates (e.g., Moniya, Iseyin) have developing utilities; prioritize Jericho and Alalubosa for better infrastructure.
Economic Drivers: Proximity to IITA, railway terminal, and Inland Dry Port boosts Moniya estates’ value.
Source: Data from Nigeria Property Centre, PropertyPro Nigeria, Planet Ville Real Estate, and Oyo State Housing Corporation.

General Inflation Warning

Nigeria’s inflation rate, at 32.15% in August 2024, impacts Oyo’s real estate:

Rising Costs: Construction materials rose 7% in 2024, increasing property prices.
Rental Pressure: Economic constraints may lead to rent defaults, affecting income.
Financing Challenges: High interest rates (27% MPR in 2024) make mortgages costly, reducing buyer demand.
Investors should secure fixed-rate financing and budget for inflation-driven cost increases.

General Summary

Oyo State’s real estate market in 2025 offers diverse opportunities, with land prices ranging from ₦400,000–₦85 million per plot and properties at ₦5 million–₦230 million. Luxury estates like Jericho GRA, Alalubosa GRA, and Carlton Gate (6–10% ROI) cater to high-income buyers with robust infrastructure. Affordable estates like Western Crest, Ibadan Riviera, and Serenity Court (8–12% ROI) appeal to buy-and-build investors, particularly in Moniya, driven by railway and dry port projects. Emerging estates like Bethel Gardens and Ilu-Oba offer budget-friendly options with strong appreciation potential. Challenges include inflation, high interest rates, and rural utility constraints. Investors should prioritize Ibadan’s urban areas, conduct due diligence, and leverage realtors for optimal returns. For listings, visit NigeriaPropertyCentre.com or PropertyPro.ng.

Best 20 Estates in Oyo State, Nigeria