Airbnb market data · 202512 months to April 2025
Sangotedo, Nigeria Airbnb Market Data: Revenue, Occupancy & Trends
The average Airbnb in Sangotedo brought in ₦8,397,403 over the 12 months through April 2025, across just 26 active listings, so a single property can move that figure.
AirROI's latest figures for Sangotedo run through April 2025.
The short answer
Sangotedo Airbnb Market at a Glance
Listings averaged ₦113,082 a night and were booked on 27% of available nights.
Timing matters: in March, the best month, the average listing earned about 2.4 times as much as in July, the slowest. With only 26 active listings, a few bookings can reorder the months.
With 26 active listings, Sangotedo is the 12th-largest of 17 Lagos State markets AirROI tracks.
Browse the live Sangotedo Airbnb market See Every Sangotedo ListingRevenue
How Much Do Airbnb Hosts Make in Sangotedo?
Gross bookings per Sangotedo listing averaged ₦8,397,403 over the 12 months to April 2025 (Lagos State average: ₦8,393,118), before cleaning, platform and management costs and taxes.
The average Sangotedo listing brought in ₦3,570,000 in March, its best month, and ₦1,480,000 in July, its slowest. The three strongest months bring in 29% of a full year's revenue, where an even calendar would give any three months 25%.
Across Sangotedo's 26 active listings, monthly revenue by tier:
- Best-in-class properties (top 10%) earn ₦5,800,000+ a month, about 2.4 times the typical property.
- Strong performers (top 25%) earn ₦3,780,000 or more, roughly ₦1,400,000 a month above the median.
- Typical properties (median) earn about ₦2,400,000 a month.
- Entry-level properties (bottom 25%) earn ₦1,050,000 or less, about 44% 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.
March earned about 2.4 times what July did
Average revenue per active listing, by month
The dashed line is the average of the months shown, ₦2,850,000. Dashed: April left out, as the latest month's data looks incomplete.
Sangotedo Airbnb Data by Month
Latest 12 months in the April 2025 data.
March led on revenue and nightly rate; bookings peaked in May.
| Month | Avg. Revenue | Occupancy | Avg. Nightly Rate | Booking Lead Time |
|---|---|---|---|---|
| May 2024 | ₦3,348,861 | 93.5% | ₦113,009 | – |
| Jun 2024 | ₦3,264,869 | 60.0% | ₦113,053 | – |
| Jul 2024 | ₦1,480,595 | 21.1% | ₦114,483 | 10 days |
| Aug 2024 | ₦3,057,670 | – | ₦113,822 | 27 days |
| Sep 2024 | ₦2,621,351 | 90.0% | ₦113,547 | 51 days |
| Oct 2024 | ₦2,861,803 | 74.2% | ₦113,789 | 4 days |
| Nov 2024 | ₦2,957,811 | 93.3% | ₦113,401 | 86 days |
| Dec 2024 | ₦2,175,994 | 58.1% | ₦124,599 | 57 days |
| Jan 2025 | ₦3,212,960 | 36.6% | ₦133,635 | 22 days |
| Feb 2025 | ₦3,021,449 | 28.5% | ₦136,188 | 72 days |
| Mar 2025 | ₦3,571,637 | 53.3% | ₦136,651 | 29 days |
| Apr 2025* | ₦3,080,778 | 33.3% | ₦135,219 | 18 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. *Apr 2025 is the latest month and looks incomplete: its occupancy sits well below the calendar months either side of it, as the latest month often does before late bookings are recorded. It may be revised and is not counted as a best or worst month.
These are market-wide figures. To see what one particular Sangotedo home could earn, enter its address, bedrooms and guests in the Airbnb income calculator; it compares the home with similar listings nearby.
Profit
Is an Airbnb in Sangotedo Profitable?
Yes, when it's run well. The average Sangotedo Airbnb took in ₦8,397,403 in the 12 months to April 2025, an average that counts every active listing, including those open only part of the year. A listing in the top quarter took in about ₦13,209,000, and run by its owner at everyday costs, about ₦810,000 a month of that is left after running costs, so a home that costs less than that to own or rent makes money.
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.
Sangotedo Airbnb Income, Expenses and Profit per Year
| Line | Average listing | Top-quarter listing |
|---|---|---|
| Money in | ||
| Gross bookings | ₦8,397,403 | ₦13,209,000 |
| Running costs | ||
| Airbnb's fee15.5% of bookings, Airbnb's standard host-only fee | −₦1,302,000 | −₦2,047,000 |
| Utilities and internetAbout 5% of bookings | −₦420,000 | −₦660,000 |
| Guest suppliesToiletries, coffee, paper goods: about 2% | −₦168,000 | −₦264,000 |
| Repairs and upkeepIncluding linens and small replacements: about 3% | −₦252,000 | −₦396,000 |
| Short-term rental insuranceOne policy, on top of Airbnb's free AirCover | −₦84,000 | −₦84,000 |
| Permit and registrationWhere one is required | −₦42,000 | −₦42,000 |
| 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 | −₦2,268,000 | −₦3,493,000 |
| Left for housing costs, then profit | ₦6,129,403about ₦511,000 a month | ₦9,716,000about ₦810,000 a month |
| Housing costs | ||
| Mortgage or rent, property tax, home insurance, building or condo fees | Depend on the home | |
Estimate Your Own Sangotedo Airbnb Profit
The estimate starts from Sangotedo'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 Sangotedo 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 Sangotedo's Top Earners Get There
- More nights booked. The busiest quarter of Sangotedo listings are booked on 66% or more of their nights, against 56% for the median listing. Ten more booked nights a year at the median rate of ₦98,600 adds about ₦986,000 in bookings.
- Prices that follow demand. Ranked by price, the top quarter charge ₦165,000 a night or more, against a median of ₦98,600. 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 ₦840,000 a year.
- Open for the busy months. March brought the average listing about ₦3,570,000, against ₦1,480,000 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 ₦1,101,000 a month, against ₦700,000 for the average one.
Occupancy
What Is the Airbnb Occupancy Rate in Sangotedo?
Sangotedo listings were booked on 27% of the nights they were open over the past year, 3 percentage points below the Lagos State average (30%) and 3 points below the Nigeria average (30%). Occupancy swings from 21% in July to 94% in May.
Across Sangotedo's 26 active listings, the share of open nights booked by tier:
- Best-in-class properties (top 10%) are booked 66%+ of open nights, 10 points above the median.
- Strong performers (top 25%) fill 66% or more, roughly five nights a week.
- Typical properties (median) fill about 56% of open nights.
- Entry-level properties (bottom 25%) fill 51% or less, under four nights a week.
May was the busiest month in Sangotedo, July the quietest
Share of open nights booked, by month
Dashed: April data incomplete. The 12-month rate of 27% 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 Sangotedo?
The average nightly rate in Sangotedo, known as ADR (average daily rate), was ₦113,082 over the past year, about 27% below the Lagos State average of ₦155,000 and about 19% below the Nigeria average of ₦139,000. Rates peak in February and March at about ₦137,000 and bottom out in May and June at about ₦113,000.
Across Sangotedo's 26 active listings, nightly rates by tier:
- Best-in-class properties (top 10%) charge ₦247,000+ a night, about 2.5 times the median.
- Strong performers (top 25%) charge ₦165,000 or more, about ₦66,000 above the median.
- Typical properties (median) charge about ₦98,600 a night.
- Entry-level properties (bottom 25%) charge ₦57,600 or less, about 58% of the median.
March rates ran 21% above May's
Average nightly rate (ADR), by month
The dashed line is the average of the months shown, ₦121,000. Dashed: April data incomplete. The 12-month ADR of ₦113,082 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 Sangotedo
With only 26 active listings, the monthly pattern in Sangotedo is noisy, since a few long or pricey stays can lift a month; revenue peaked in March and bottomed out in July.
How Far in Advance Do Guests Book Airbnb in Sangotedo?
Guests book Sangotedo stays 48 days ahead on average (about seven weeks). November stays are booked furthest out, about 86 days ahead, and October stays closest to arrival, about 4 days. A typical November booking is made in late August.
November stays are booked furthest ahead
Average days between booking and check-in, by month of stay
Dashed: April data incomplete. The 12-month figure of 48 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 Sangotedo
None of the 26 active listings in Sangotedo 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 Sangotedo.
Neighborhoods
Best Neighborhoods for Airbnb in Sangotedo
AirROI's area guide picks seven Sangotedo neighborhoods that draw short-term rental guests, led by VGC (Victoria Gardens City), Ajah and Ikate Elegushi. 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 |
|---|---|---|
| VGC (Victoria Gardens City) | An exclusive gated community that offers a serene environment, perfect for travelers seeking security and comfort while being close to the city’s attractions. | VGC Clubhouse, Shangisha Village, Lekki Leisure Lake, Mega Chicken Restaurant, VGC Playground |
| Ajah | A growing locality with affordable housing options and proximity to the beach. Suitable for budget-conscious travelers and families seeking a peaceful stay. | Ajah Beach, Atican Beach Resort, Palms Mall Lekki, Lekki Free Trade Zone, The Good Shelter |
| Ikate Elegushi | Known for its vibrant nightlife and proximity to the beach, this area attracts a young crowd and is popular among partygoers and beach lovers. | Elegushi Royal Beach, Chill and Grill Beach House, Landmark Events Centre, The Place Nightclub, Tarkwa Bay |
| Phase 1, Lekki | An upscale area with a mix of residential and commercial properties, offering a great experience for tourists with restaurants, shops, and entertainment. | Lekki Phase 1 Market, Beaches, Nightlife Spots, Zenith Bank, Club 57 |
| Oniru | This trendy area offers a mix of residential and commercial developments, with access to beaches, clubs, and luxury dining options. | Oniru Private Beach, The Food Court, Mile 12 Market, The Palms Shopping Mall, Café Neo |
| Sangotedo | A residential and commercial area experiencing rapid development, making it an attractive spot for both tourists and long-term rentals. | Sangotedo Shopping Mall, Fara Park, Jevnik Hotels, Shangisha Market, Epe Beach |
| Badore | An emerging neighborhood close to the waterfront with gradual infrastructural development, appealing to those looking for new experiences and local culture. | Badore Beach, Badore Jetty, Local markets, Contemporary houses, Proximity to Lekki and Ajah |
Area descriptions are AI-assisted from public sources and are not checked against zoning.
Nearby markets
Sangotedo vs. Nearby Airbnb Markets
Of the eight nearby markets in the table, all within 21 km, Falomo (21 km away, 74 listings) earned the most per listing, about 50% more than Sangotedo. Lekki was the busiest, booked on 32% of nights against 27% in Sangotedo.
| Market | Listings | Avg. annual revenue | Avg. nightly rate | Occupancy |
|---|---|---|---|---|
| Ikota 9 km | 38 | ₦6,124,968 | ₦131,866 | 29% |
| Ojomu 12 km | 41 | ₦5,939,279 | ₦145,731 | 25% |
| Lekki 13 km | 619 | ₦7,364,266 | ₦150,050 | 32% |
| Igboefon 14 km | 59 | ₦7,294,117 | ₦125,580 | 31% |
| Ikate 16 km | 100 | ₦7,958,469 | ₦159,637 | 26% |
| Moba 17 km | 122 | ₦9,595,279 | ₦173,323 | 31% |
| Ilado 18 km | 105 | ₦6,819,580 | ₦161,590 | 27% |
| Falomo 21 km | 74 | ₦12,637,818 | ₦250,418 | 29% |
Other Airbnb Markets in Lagos State
- Ikeja Airbnb data 251 listings
- Itirin Airbnb data 67 listings
FAQ
Sangotedo Airbnb FAQ
How much do Airbnb hosts make in Sangotedo?
An active Sangotedo Airbnb grossed ₦8,397,403 on average in the 12 months to April 2025, according to AirROI's tracking of 26 active listings. That is before cleaning, management, taxes and financing. Busier, better-run listings do far better: the top quarter took in ₦3,780,000 or more in a typical month.
How much can I make on Airbnb in Sangotedo?
It depends most on the home's size, location and how it's run. The middle half of Sangotedo listings earn between ₦1,050,000 and ₦3,780,000 in a typical month, and the top tenth ₦5,800,000 or more. For one home, enter its address and bedroom count in the Airbnb calculator: it compares the home with similar listings nearby.
What is the average Airbnb occupancy rate in Sangotedo?
Listings in Sangotedo were booked on 27% of available nights over the past year. That compares with 30% for the Lagos State average. May was the busiest month.
How much does an Airbnb cost per night in Sangotedo?
The average booked night in Sangotedo cost ₦113,082 before fees. Half of listings charge between ₦57,600 and ₦165,000, so bedroom count and location move the price more than the average suggests.
Do you need a permit for an Airbnb in Sangotedo?
None of the active Sangotedo 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 Sangotedo?
Yes, when it's run well. The average Sangotedo Airbnb grossed ₦8,397,403 in the 12 months to April 2025, in line with the Lagos State average, though with only 26 active listings a single property can move that figure, counting listings open only part of the year. A listing at the top-quarter mark, run by its owner with everyday costs for Airbnb's fee, utilities, supplies, upkeep and insurance, has about ₦810,000 a month left before the mortgage or rent, so a home that costs less than that to own or rent makes a profit. Check a specific home in the Airbnb estimator.
When is Airbnb peak season in Sangotedo?
March paid best over the past year, at ₦3,570,000 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 Sangotedo?
Sangotedo stays were booked 48 days (about seven weeks) before arrival on average over the past year, so most of a month is booked well before it starts.
What are the best neighborhoods for Airbnb in Sangotedo?
VGC (Victoria Gardens City), Ajah and Ikate Elegushi draw the most short-term rental interest in Sangotedo. The neighborhood guide explains what brings guests to each.
How many Airbnbs are there in Sangotedo?
AirROI counted 26 active Airbnb listings in Sangotedo as of April 2025. The closest tracked market is Ikota, 9 km away.
Method
About This Data
Figures on this page cover 26 active Airbnb listings in Sangotedo 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.