Airbnb market data · 202512 months to April 2025
Ikorodu, Nigeria Airbnb Market Data: Revenue, Occupancy & Trends
The average Airbnb in Ikorodu brought in ₦5,602,027 over the 12 months through April 2025, across just 21 active listings, so a single property can move that figure.
AirROI's latest figures for Ikorodu run through April 2025.
The short answer
Ikorodu Airbnb Market at a Glance
Listings averaged ₦81,781 a night and were booked on 21% of available nights.
Timing matters: in November, the best month, the average listing earned about 12.1 times as much as in July, the slowest. With only 21 active listings, a few bookings can reorder the months.
With 21 active listings, Ikorodu is the 15th-largest of 17 Lagos State markets AirROI tracks.
Browse the live Ikorodu Airbnb market See Every Ikorodu ListingRevenue
How Much Do Airbnb Hosts Make in Ikorodu?
Gross bookings per Ikorodu listing averaged ₦5,602,027 over the 12 months to April 2025 (Lagos State average: ₦8,393,118), before cleaning, platform and management costs and taxes.
The average Ikorodu listing brought in ₦6,640,000 in November, its best month, and ₦548,000 in July, its slowest.
Across Ikorodu's 21 active listings, monthly revenue by tier:
- Best-in-class properties (top 10%) earn ₦3,550,000+ a month, about 43% above the typical property.
- Strong performers (top 25%) earn ₦3,220,000 or more, roughly ₦740,000 a month above the median.
- Typical properties (median) earn about ₦2,480,000 a month.
- Entry-level properties (bottom 25%) earn ₦1,240,000 or less, about half of the median.
These are monthly figures for listings active in each month. The annual average above also counts listings that operated for only part of the year, so it runs below twelve times these figures.
November earned about 12.1 times what July did
Average revenue per active listing, by month
The dashed line is the average of the months shown, ₦2,310,000.
Ikorodu Airbnb Data by Month
Latest 12 months in the April 2025 data.
November led on revenue and bookings; nightly rates peaked in January.
| Month | Avg. Revenue | Occupancy | Avg. Nightly Rate | Booking Lead Time |
|---|---|---|---|---|
| May 2024 | ₦2,544,369 | 12.9% | ₦89,394 | 2 days |
| Jun 2024 | ₦2,390,746 | 45.0% | ₦89,333 | 17 days |
| Jul 2024 | ₦547,699 | 20.1% | ₦90,605 | – |
| Aug 2024 | ₦572,196 | 45.2% | ₦90,041 | 20 days |
| Sep 2024 | – | – | ₦90,058 | – |
| Oct 2024 | ₦954,576 | 83.9% | ₦90,254 | – |
| Nov 2024 | ₦6,640,769 | 93.3% | ₦89,582 | – |
| Dec 2024 | – | – | ₦80,246 | – |
| Jan 2025 | ₦3,105,536 | – | ₦99,522 | – |
| Feb 2025 | ₦2,558,649 | – | ₦97,606 | – |
| Mar 2025 | ₦2,141,214 | 8.1% | ₦95,695 | 2 days |
| Apr 2025 | ₦2,649,843 | 56.7% | ₦95,235 | 23 days |
Averages per active listing in each month. Highlighted: the highest-revenue month. Booking lead time is the days between booking and check-in for stays in that month.
Location, size and how a home is run move its income far more than a city average shows. For a range on one Ikorodu address, run it through the Airbnb estimator.
Profit
Is an Airbnb in Ikorodu Profitable?
Yes, as extra income from a home or room you already have. The average Ikorodu Airbnb took in ₦5,602,027 in the 12 months to April 2025, counting listings open only part of the year, and a listing in the top quarter, run by its owner at everyday costs, keeps about ₦445,000 a month after running costs.
These amounts come before housing costs. Where the mortgage or rent is less each month, the difference is profit; a home owned outright keeps it all after property tax, home insurance and any building or condo fees.
Ikorodu Airbnb Income, Expenses and Profit per Year
| Line | Average listing | Top-quarter listing |
|---|---|---|
| Money in | ||
| Gross bookings | ₦5,602,027 | ₦7,281,000 |
| Running costs | ||
| Airbnb's fee15.5% of bookings, Airbnb's standard host-only fee | −₦868,000 | −₦1,129,000 |
| Utilities and internetAbout 5% of bookings | −₦280,000 | −₦364,000 |
| Guest suppliesToiletries, coffee, paper goods: about 2% | −₦112,000 | −₦146,000 |
| Repairs and upkeepIncluding linens and small replacements: about 3% | −₦168,000 | −₦218,000 |
| Short-term rental insuranceOne policy, on top of Airbnb's free AirCover | −₦56,000 | −₦56,000 |
| Permit and registrationWhere one is required | −₦28,000 | −₦28,000 |
| Management₦0 when you run it; co-hosts charge from about 10% of nightly bookings | ₦0 | ₦0 |
| Pricing and messaging toolsOptional; Airbnb's own tools are free | ₦0 | ₦0 |
| Lodging taxesAdded to the guest's bill and passed on | ₦0 | ₦0 |
| Total running costsAbout 27% of bookings | −₦1,512,000 | −₦1,941,000 |
| Left for housing costs, then profit | ₦4,090,027about ₦341,000 a month | ₦5,340,000about ₦445,000 a month |
| Housing costs | ||
| Mortgage or rent, property tax, home insurance, building or condo fees | Depend on the home | |
Estimate Your Own Ikorodu Airbnb Profit
The estimate starts from Ikorodu's average listing, run by its owner. Change how the listing performs, who runs it and who cleans to see what is left for the mortgage or rent.
To work out the profit on one Ikorodu home, with its price, its mortgage or rent and your own costs, use the Airbnb profit calculator. It starts from the comparable listings around the address.
How Ikorodu's Top Earners Get There
- More nights booked. The busiest quarter of Ikorodu listings are booked on 51% or more of their nights, against 41% for the median listing. Ten more booked nights a year at the median rate of ₦53,400 adds about ₦534,000 in bookings.
- Prices that follow demand. Ranked by price, the top quarter charge ₦107,000 a night or more, against a median of ₦53,400. That is a separate ranking from the busiest quarter, so the two marks don't multiply into one listing's takings. For the average listing, a 10% higher rate on the nights it already books adds about ₦560,000 a year.
- Open for the busy months. November brought the average listing about ₦6,640,000, against ₦548,000 in July, so a calendar that is open and full in the busy months carries the year.
What a listing keeps comes down to the figures this page measures: nightly rate, nights booked and the months it's open. A listing at the top-quarter mark takes in about ₦607,000 a month, against ₦467,000 for the average one.
Occupancy
What Is the Airbnb Occupancy Rate in Ikorodu?
Ikorodu listings were booked on 21% of the nights they were open over the past year, 9 percentage points below the Lagos State average (30%) and 9 points below the Nigeria average (30%). Occupancy swings from 8% in March to 93% in November.
Across Ikorodu's 21 active listings, the share of open nights booked by tier:
- Best-in-class properties (top 10%) are booked 51%+ of open nights, 10 points above the median.
- Strong performers (top 25%) fill 51% or more, roughly four nights a week.
- Typical properties (median) fill about 41% of open nights.
- Entry-level properties (bottom 25%) fill 40% or less, under three nights a week.
November was the busiest month in Ikorodu, March the quietest
Share of open nights booked, by month
The 12-month rate of 21% averages each listing's whole year, slow months included; each month here counts only the listings booked in it.
Nightly rates
How Much Does an Airbnb Cost per Night in Ikorodu?
The average nightly rate in Ikorodu, known as ADR (average daily rate), was ₦81,781 over the past year, about 47% below the Lagos State average of ₦155,000 and about 41% below the Nigeria average of ₦139,000. Rates peak in January and February at about ₦99,500 and bottom out in December at about ₦80,200.
Across Ikorodu's 21 active listings, nightly rates by tier:
- Best-in-class properties (top 10%) charge ₦181,000+ a night, about 3.4 times the median.
- Strong performers (top 25%) charge ₦107,000 or more, about ₦54,000 above the median.
- Typical properties (median) charge about ₦53,400 a night.
- Entry-level properties (bottom 25%) charge ₦33,400 or less, about 63% of the median.
January rates ran 24% above December's
Average nightly rate (ADR), by month
The dashed line is the average of the months shown, ₦91,300. The 12-month ADR of ₦81,781 averages each listing's own rate across its whole year; the monthly points average listings month by month, so the two differ.
Seasonality
Best and Worst Months for Airbnb in Ikorodu
With only 21 active listings, the monthly pattern in Ikorodu is noisy, since a few long or pricey stays can lift a month; revenue peaked in November and bottomed out in July.
How Far in Advance Do Guests Book Airbnb in Ikorodu?
Guests book Ikorodu stays 10 days ahead on average, so many trips are booked close to arrival. April stays are booked furthest out, about 23 days ahead, and March stays closest to arrival, about 2 days. A typical April booking is made in late March.
April stays are booked furthest ahead
Average days between booking and check-in, by month of stay
The 12-month figure of 10 days averages each listing's year as a whole; each month here averages only the listings with stays in it.
Permits
Airbnb Permits and Registration in Ikorodu
None of the 21 active listings in Ikorodu display a registration, permit or license number. That doesn't mean no rules apply: some places don't ask hosts to show a number on the listing, and listing data doesn't capture every scheme.
Registration, permit, zoning and tourist-tax rules vary by address and change often, so confirm them with the local authority before buying or listing in Ikorodu.
Neighborhoods
Best Neighborhoods for Airbnb in Ikorodu
AirROI's area guide picks eight Ikorodu neighborhoods that draw short-term rental guests, led by Ikorodu Town, Ogijo and Isheri. The picks reflect guest appeal, not earnings data or permit eligibility, so check local permit rules for a specific address before buying.
| Area | Who it suits | Landmarks nearby |
|---|---|---|
| Ikorodu Town | The main urban center of Ikorodu, bustling with activity and close to various amenities. It's an attractive location for visitors wanting to explore Lagos while enjoying a quieter environment. | Ikorodu Ferry Terminal, KCR Mall, Ikorodu Golf Club, Redeemed Christian Church of God Campground, Igbogbo Gardens |
| Ogijo | An emerging area with affordable housing options and proximity to major roads. Popular among those looking for family-friendly accommodations away from the hustle and bustle of the city. | Ogijo Market, Adeyemi College of Education, Old Ogijo Town, Fela Shrine, Lagos State Farmers' Market |
| Isheri | Offers a peaceful environment with waterfront properties. It attracts visitors looking for a serene getaway while still being connected to urban conveniences. | Isheri River, The Evergreen Park, Aso Rock, Isheri Olofin Junction, Isheri-Olowoira Road |
| Lagos State Polytechnic | A vibrant area filled with students, offering opportunities for hosting budget-friendly stays. It attracts many academic visitors and prospective students. | Lagos State Polytechnic, Local eateries, Shopping centers, Student hangouts, Cultural events |
| Agbowa | A developing area with good future prospects due to ongoing infrastructure improvements. It appeals to early investors looking for affordable real estate. | Agbowa Market, Local festivals, Surrounding rural landscape, Community sports activities, Agbowa River |
| Sango-Ota | Well connected to Lagos and Ogun state with a growing population. It's a popular spot for visitors looking for easy access to both states. | Sango-Ota Market, The New Earth, Ota Agricultural Research Institute, Cultural festivals, Ewekoro Heritage Site |
| Lusada | A burgeoning location attracting families and city dwellers seeking a getaway from busy urban life, while still within reach of Lagos. | Lusada Forest Reserve, Local farms, Quiet neighborhoods, Community activities, Annual cultural events |
| Igbogbo | A growing town that provides a mix of cultural experiences and local charm, appealing to visitors looking to experience the local lifestyle. | Igbogbo Market, Cultural centers, Local cuisine spots, Annual festivals, Igbogbo Creek |
Area descriptions are AI-assisted from public sources and are not checked against zoning.
Nearby markets
Ikorodu vs. Nearby Airbnb Markets
Of the eight nearby markets in the table, all within 20 km, Falomo (20 km away, 74 listings) earned the most per listing, about 2.3 times as much as Ikorodu. Lagos, Ikeja and Lekki were the busiest, each booked on 32% of nights against 21% in Ikorodu.
| Market | Listings | Avg. annual revenue | Avg. nightly rate | Occupancy |
|---|---|---|---|---|
| Lagos 17 km | 817 | ₦7,600,847 | ₦144,493 | 32% |
| Ojomu 18 km | 41 | ₦5,939,279 | ₦145,731 | 25% |
| Ikeja 18 km | 251 | ₦8,164,790 | ₦125,209 | 32% |
| Moba 19 km | 122 | ₦9,595,279 | ₦173,323 | 31% |
| Lekki 19 km | 619 | ₦7,364,266 | ₦150,050 | 32% |
| Ikota 19 km | 38 | ₦6,124,968 | ₦131,866 | 29% |
| Igboefon 20 km | 59 | ₦7,294,117 | ₦125,580 | 31% |
| Falomo 20 km | 74 | ₦12,637,818 | ₦250,418 | 29% |
Other Airbnb Markets in Lagos State
- Ilado Airbnb data 105 listings
- Ikate Airbnb data 100 listings
- Itirin Airbnb data 67 listings
FAQ
Ikorodu Airbnb FAQ
How much do Airbnb hosts make in Ikorodu?
An active Ikorodu Airbnb grossed ₦5,602,027 on average in the 12 months to April 2025, according to AirROI's tracking of 21 active listings. That is before cleaning, management, taxes and financing. Busier, better-run listings do far better: the top quarter took in ₦3,220,000 or more in a typical month.
How much can I make on Airbnb in Ikorodu?
It depends most on the home's size, location and how it's run. The middle half of Ikorodu listings earn between ₦1,240,000 and ₦3,220,000 in a typical month, and the top tenth ₦3,550,000 or more. For one home, enter its address and bedroom count in the Airbnb income calculator: it compares the home with similar listings nearby.
What is the average Airbnb occupancy rate in Ikorodu?
Listings in Ikorodu were booked on 21% of available nights over the past year. That compares with 30% for the Lagos State average. November was the busiest month.
How much does an Airbnb cost per night in Ikorodu?
The average booked night in Ikorodu cost ₦81,781 before fees. Half of listings charge between ₦33,400 and ₦107,000, so bedroom count and location move the price more than the average suggests.
Do you need a permit for an Airbnb in Ikorodu?
None of the active Ikorodu listings display a registration, permit or license number. That doesn't mean no rules apply, so confirm registration, permit and tourist-tax rules with the local authority before buying.
Is Airbnb profitable in Ikorodu?
It can be, as extra income from a home or room you already have. The average Ikorodu Airbnb grossed ₦5,602,027 in the 12 months to April 2025, 33% below the Lagos State average of ₦8,393,118, though with only 21 active listings a single property can move that figure, counting listings open only part of the year, and a listing at the top-quarter mark, run by its owner with everyday costs for Airbnb's fee, utilities, supplies, upkeep and insurance, keeps about ₦445,000 a month. Check a specific home in the Airbnb calculator.
When is Airbnb peak season in Ikorodu?
November paid best over the past year, at ₦6,640,000 per active listing, and July paid least. The month-by-month table above shows how rates and bookings each move.
How far in advance do guests book Airbnbs in Ikorodu?
Ikorodu stays were booked 10 days before arrival on average over the past year, so a listing can still fill close to the date.
What are the best neighborhoods for Airbnb in Ikorodu?
Ikorodu Town, Ogijo and Isheri draw the most short-term rental interest in Ikorodu. The neighborhood guide explains what brings guests to each.
How many Airbnbs are there in Ikorodu?
AirROI counted 21 active Airbnb listings in Ikorodu as of April 2025. The closest tracked market is Lagos, 17 km away.
Method
About This Data
Figures on this page cover 21 active Airbnb listings in Ikorodu from May 2024 to April 2025 (trailing twelve months). AirROI refreshes them monthly from listing-level booking and calendar data covering 20+ million properties worldwide. AirROI measures bookings in US dollars; this page shows them in Nigerian nairas at ₦1,375 per US$, the typical rate from November 2025 to October 2026. Annual revenue averages every listing active during the period, including those listed for only part of it; monthly figures average the listings active in each month; the tier lists show the spread. Neighborhood descriptions are AI-assisted. See the methodology for definitions.
Need this programmatically? The same metrics are available through the AirROI Airbnb Data API and bulk downloads in the data portal.