Ikeja Airbnb Market Analysis 2025: Short Term Rental Data & Vacation Rental Statistics in Lagos State, Nigeria
Is Airbnb profitable in Ikeja in 2025? Explore comprehensive Airbnb analytics for Ikeja, Lagos State, Nigeria to uncover income potential. This 2025 STR market report for Ikeja, based on AirROI data from June 2024 to May 2025, reveals key trends in the market of 228 active listings.
Whether you're considering an Airbnb investment in Ikeja, optimizing your existing vacation rental, or exploring rental arbitrage opportunities, understanding the Ikeja Airbnb data is crucial. Understanding the local regulations is key to maximizing your short term rental income potential. Let's dive into the specifics.
Key Ikeja Airbnb Performance Metrics Overview
Monthly Airbnb Revenue Variations & Income Potential in Ikeja (2025)
Understanding the monthly revenue variations for Airbnb listings in Ikeja is key to maximizing your short term rental income potential. Seasonality significantly impacts earnings. Our analysis, based on data from the past 12 months, shows that the peak revenue month for STRs in Ikeja is typically December, while June often presents the lowest earnings, highlighting opportunities for strategic pricing adjustments during shoulder and low seasons. Explore the typical Airbnb income in Ikeja across different performance tiers:
- Best-in-class properties (Top 10%) achieve $1,554+ monthly, often utilizing dynamic pricing and superior guest experiences.
- Strong performing properties (Top 25%) earn $909 or more, indicating effective management and desirable locations/amenities.
- Typical properties (Median) generate around $461 per month, representing the average market performance.
- Entry-level properties (Bottom 25%) see earnings around $203, often with potential for optimization.
Average Monthly Airbnb Earnings Trend in Ikeja
Ikeja Airbnb Occupancy Rate Trends (2025)
Maximize your bookings by understanding the Ikeja STR occupancy trends. Seasonal demand shifts significantly influence how often properties are booked. Typically, Decembersees the highest demand (peak season occupancy), while June experiences the lowest (low season). Effective strategies, like adjusting minimum stays or offering promotions, can boost occupancy during slower periods. Here's how different property tiers perform in Ikeja:
- Best-in-class properties (Top 10%) achieve 68%+ occupancy, indicating high desirability and potentially optimized availability.
- Strong performing properties (Top 25%) maintain 45% or higher occupancy, suggesting good market fit and guest satisfaction.
- Typical properties (Median) have an occupancy rate around 24%.
- Entry-level properties (Bottom 25%) average 12% occupancy, potentially facing higher vacancy.
Average Monthly Occupancy Rate Trend in Ikeja
Average Daily Rate (ADR) Airbnb Trends in Ikeja (2025)
Effective short term rental pricing strategy in Ikeja involves understanding monthly ADR fluctuations. The Average Daily Rate (ADR) for Airbnb in Ikeja typically peaks in August and dips lowest during January. Leveraging Airbnb dynamic pricing tools or strategies based on this seasonality can significantly boost revenue. Here's a look at the typical nightly rates achieved:
- Best-in-class properties (Top 10%) command rates of $178+ per night, often due to premium features or locations.
- Strong performing properties (Top 25%) achieve nightly rates of $116 or more.
- Typical properties (Median) charge around $67 per night.
- Entry-level properties (Bottom 25%) earn around $42 per night.
Average Daily Rate (ADR) Trend by Month in Ikeja
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Airbnb Seasonality Analysis & Trends in Ikeja (2025)
Peak Season (December, January, August)
- Revenue averages $804 per month
- Occupancy rates average 34.8%
- Daily rates average $90
Shoulder Season
- Revenue averages $690 per month
- Occupancy maintains around 31.5%
- Daily rates hold near $88
Low Season (May, June, November)
- Revenue drops to average $531 per month
- Occupancy decreases to average 25.4%
- Daily rates adjust to average $91
Seasonality Insights for Ikeja
- The Airbnb seasonality in Ikeja shows moderate seasonality with distinct peak and low periods. While the sections above show seasonal averages, it's also insightful to look at the extremes:
- During the high season, the absolute peak month showcases Ikeja's highest earning potential, with monthly revenues capable of climbing to $854, occupancy reaching a high of 38.0%, and ADRs peaking at $97.
- Conversely, the slowest single month of the year, typically falling within the low season, marks the market's lowest point. In this month, revenue might dip to $420, occupancy could drop to 22.6%, and ADRs may adjust down to $78.
- Understanding both the seasonal averages and these monthly peaks and troughs in revenue, occupancy, and ADR is crucial for maximizing your Airbnb profit potential in Ikeja.
Seasonal Strategies for Maximizing Profit
- Peak Season: Maximize revenue through premium pricing and potentially longer minimum stays. Ensure high availability.
- Low Season: Offer competitive pricing, special promotions (e.g., extended stay discounts), and flexible cancellation policies. Target off-season travelers like remote workers or budget-conscious guests.
- Shoulder Seasons: Implement dynamic pricing that balances peak and low rates. Target weekend travelers or specific events. Offer slightly more flexible terms than peak season.
- Regularly analyze your own performance against these Ikeja seasonality benchmarks and adjust your pricing and availability strategy accordingly.
Best Areas for Airbnb Investment in Ikeja (2025)
Exploring the top neighborhoods for short-term rentals in Ikeja? This section highlights key areas, outlining why they are attractive for hosts and guests, along with notable local attractions. Consider these locations based on your target guest profile and investment strategy.
| Neighborhood / Area | Why Host Here? (Target Guests & Appeal) | Key Attractions & Landmarks |
|---|---|---|
| Victoria Island | A bustling business district and upscale residential area. It attracts business travelers and tourists with its proximity to key financial institutions, hotels, and nightlife. | Lekki-Ikoyi Link Bridge, Nike Art Gallery, Elegushi Beach, The Palms Shopping Mall, Lagos Lagoon, Bar Beach |
| Lekki Phase 1 | A rapidly developing area known for its modern amenities and beachfront properties. Popular with both expatriates and tourists seeking a coastal escape within the city. | Lekki Conservation Centre, Landmark Centre, Elegushi Beach, Lekki Market, Nike Art Gallery, Eko Atlantic |
| Ikeja GRA | A serene and affluent neighborhood with a mix of residential and commercial properties. It is popular among business travelers and families looking for a quieter stay within Lagos. | Ikeja City Mall, Art and Crafts Market, Kalakuta Republic Museum, June 12 Cultural Centre, Air Force Museum, Silverbird Cinemas |
| Yaba | Known as the Silicon Valley of Nigeria, Yaba is a tech hub attracting young professionals and students. It offers a vibrant and youthful atmosphere. | Yaba College of Technology, University of Lagos, Computer Village, National Museum Lagos, Jibowu Market, Nigerian Railway Corporation |
| Ikoyi | An upscale neighborhood with luxurious apartments and residences. It is favored by expatriates and investors due to its prime location and safety. | Ikoyi Club 1938, Palace of the Oba of Lagos, Lekki-Ikoyi Link Bridge, Ikoyi Golf Club, Nigerian National Museum, One Financial Place |
| Surulere | A lively neighborhood with a mix of residential and commercial spaces. Attracts families and tourists looking for affordable accommodation with local charm. | National Stadium Lagos, Bode Thomas Street, Surulere Shopping Mall, Lagos City Mall, Tejuoso Market, Nike Art Gallery |
| Ogba | A bustling mixed-use area with numerous residential estates and proximity to several attractions. Ideal for budget travelers and long-term stays. | Ogba Shopping Arcade, Kola Daisi Park, Secret Garden, Lagos State Parks and Gardens, Kalakuta Republic Museum, West African International School |
| Lagos Island | The historic heart of Lagos, rich in culture and tradition. Attracts tourists interested in local history and vibrant street life. | National Museum Lagos, Lekki Market, Tinubu Square, Fela Kuti Shrine, CMS Cathedral, Tarzan Boat Club |
Understanding Airbnb License Requirements & STR Laws in Ikeja (2025)
With 12% of listings showing registration in 2025, understanding potential Airbnb license requirements is crucial in Ikeja. Always verify the latest short term rental regulations and Airbnb license requirements directly with local government authorities for Ikeja to ensure full compliance before hosting.
(Source: AirROI data, 2025, based on 12% licensed listings)
Top Performing Airbnb Properties in Ikeja (2025)
Benchmark your potential! Explore examples of top-performing Airbnb properties in Ikejabased on Trailing Twelve Month (TTM) revenue. Analyze their characteristics, revenue, occupancy rate, and ADR to understand what drives success in this market.
Premium Mainland Villa
Entire Place • 4 bedrooms
1219 Homes (3 Bedroom)
Entire Place • 3 bedrooms
Private 2-Bedroom Mediterranean-Inspired Home
Entire Place • 2 bedrooms
3 Bedroom Classic Apartment @ Toyin Street Ikeja
Entire Place • 3 bedrooms
8mins from the Airport I Cosmopolitan 2-Bed Appt
Entire Place • 2 bedrooms
New Modern 3 Bedroom Apartment
Entire Place • 3 bedrooms
Note: Performance varies based on location, size, amenities, seasonality, and management quality. Data reflects the past 12 months.
Top Performing Airbnb Hosts in Ikeja (2025)
Learn from the best! This table showcases top-performing Airbnb hosts in Ikeja based on the number of properties managed and estimated total revenue over the past year. Analyze their scale and performance metrics.
| Host Name | Properties | Grossing Revenue | Stay Reviews | Avg Rating |
|---|---|---|---|---|
| Bedrock Residencies | 24 | $69,693 | 40 | 4.36/5.0 |
| Ademola | 7 | $69,193 | 91 | 4.75/5.0 |
| Abiodun | 8 | $57,105 | 177 | 4.77/5.0 |
| Adetokunbo | 2 | $52,936 | 20 | 4.67/5.0 |
| Henry | 9 | $48,669 | 525 | 4.97/5.0 |
| Epic | 13 | $47,349 | 89 | 4.73/5.0 |
| Tosin | 4 | $42,621 | 68 | 4.90/5.0 |
| Opeyemi | 1 | $35,192 | 12 | 5.00/5.0 |
| Henry | 5 | $33,958 | 110 | 4.78/5.0 |
| Olamide | 6 | $31,813 | 22 | 4.90/5.0 |
Analyzing the strategies of top hosts, such as their property selection, pricing, and guest communication, can offer valuable lessons for optimizing your own Airbnb operations in Ikeja.
Dive Deeper: Advanced Ikeja STR Market Data (2025)
Ready to unlock more insights? AirROI provides access to advanced metrics and comprehensive Airbnb data for Ikeja. Explore detailed analytics beyond this report to refine your investment strategy, optimize pricing, and maximize your vacation rental profits.
Explore Advanced MetricsIkeja Short-Term Rental Market Composition (2025): Property & Room Types
Room Type Distribution
Property Type Distribution
Market Composition Insights for Ikeja
- The Ikeja Airbnb market composition is heavily skewed towards Entire Home/Apt listings, which make up 84.2% of the 228 active rentals. This indicates strong guest preference for privacy and space.
- Looking at the property type distribution in Ikeja, Apartment/Condo properties are the most common (77.6%), reflecting the local real estate landscape.
- Houses represent a significant 17.1% portion, catering likely to families or larger groups.
- Smaller segments like hotel/boutique, others (combined 5.2%) offer potential for unique stay experiences.
Ikeja Airbnb Room Capacity Analysis (2025): Bedroom Distribution
Distribution of Listings by Number of Bedrooms
Room Capacity Insights for Ikeja
- The dominant room capacity in Ikeja is 1 bedroom listings, making up 32.5% of the market. This suggests a strong demand for properties suitable for couples or solo travelers.
- Together, 1 bedroom and 2 bedrooms properties represent 60.1% of the active Airbnb listings in Ikeja, indicating a high concentration in these sizes.
- A significant 31.6% of listings offer 3+ bedrooms, catering to larger groups and families seeking more space in Ikeja.
Ikeja Vacation Rental Guest Capacity Trends (2025)
Distribution of Listings by Guest Capacity
Guest Capacity Insights for Ikeja
- The most common guest capacity trend in Ikeja vacation rentals is listings accommodating 2 guests (25.9%). This suggests the primary traveler segment is likely couples or solo travelers.
- Properties designed for 2 guests and 4 guests dominate the Ikeja STR market, accounting for 47.4% of listings.
- 32.5% of properties accommodate 6+ guests, serving the market segment for larger families or group travel in Ikeja.
- On average, properties in Ikeja are equipped to host 4.1 guests.
Ikeja Airbnb Booking Patterns (2025): Available vs. Booked Days
Available Days Distribution
Booked Days Distribution
Booking Pattern Insights for Ikeja
- The most common availability pattern in Ikeja falls within the 271-366 days range, representing 78.1% of listings. This suggests many properties have significant open periods on their calendars.
- Approximately 95.2% of listings show high availability (181+ days open annually), indicating potential for increased bookings or specific owner usage patterns.
- For booked days, the 1-30 days range is most frequent in Ikeja (41.7%), reflecting common guest stay durations or potential owner blocking patterns.
- A notable 4.8% of properties secure long booking periods (181+ days booked per year), highlighting successful long-term rental strategies or significant owner usage.
Ikeja Airbnb Minimum Stay Requirements Analysis
Distribution of Listings by Minimum Night Requirement
1 Night
145 listings
63.9% of total
2 Nights
26 listings
11.5% of total
3 Nights
20 listings
8.8% of total
4-6 Nights
13 listings
5.7% of total
7-29 Nights
1 listings
0.4% of total
30+ Nights
22 listings
9.7% of total
Key Insights
- The most prevalent minimum stay requirement in Ikeja is 1 Night, adopted by 63.9% of listings. This highlights the market's preference for shorter, flexible bookings.
- A strong majority (75.4%) of the Ikeja Airbnb data shows acceptance of very short stays (1-2 nights), indicating a dynamic, high-turnover market.
Recommendations
- Align with the market by considering a 1 Night minimum stay, as 63.9% of Ikeja hosts use this setting.
- Explore offering discounts for stays of 30+ nights to attract the 9.7% of the market seeking extended stays.
- Adjust minimum nights based on seasonality – potentially shorter during low season and longer during peak demand periods in Ikeja.
Ikeja Airbnb Cancellation Policy Trends Analysis (2025)
Flexible
110 listings
59.8% of total
Moderate
27 listings
14.7% of total
Firm
29 listings
15.8% of total
Strict
18 listings
9.8% of total
Cancellation Policy Insights for Ikeja
- The prevailing Airbnb cancellation policy trend in Ikeja is Flexible, used by 59.8% of listings.
- The market strongly favors guest-friendly terms, with 74.5% of listings offering Flexible or Moderate policies. This suggests guests in Ikeja may expect booking flexibility.
- Strict cancellation policies are quite rare (9.8%), potentially making listings with this policy less competitive unless justified by high demand or property type.
Recommendations for Hosts
- Consider adopting a Flexible policy to align with the 59.8% market standard in Ikeja.
- Given the high prevalence of Flexible policies (59.8%), offering this can enhance booking appeal, especially during shoulder seasons.
- Using a Strict policy might deter some guests, as only 9.8% of listings use it. Evaluate if potential revenue protection outweighs possible lower booking rates.
- Regularly review your cancellation policy against competitors and market demand shifts in Ikeja.
Ikeja STR Booking Lead Time Analysis (2025)
Average Booking Lead Time by Month
Booking Lead Time Insights for Ikeja
- The overall average booking lead time for vacation rentals in Ikeja is 22 days.
- Guests book furthest in advance for stays during December (average 33 days), likely coinciding with peak travel demand or local events.
- The shortest booking windows occur for stays in July (average 16 days), indicating more last-minute travel plans during this time.
- Seasonally, Fall (27 days avg.) sees the longest lead times, while Spring (20 days avg.) has the shortest, reflecting typical travel planning cycles.
Recommendations for Hosts
- Use the overall average lead time (22 days) as a baseline for your pricing and availability strategy in Ikeja.
- For December stays, consider implementing length-of-stay discounts or slightly higher rates for bookings made less than 33 days out to capitalize on advance planning.
- Target marketing efforts for the Fall season well in advance (at least 27 days) to capture early planners.
- Monitor your own booking lead times against these Ikeja averages to identify opportunities for dynamic pricing adjustments.
Popular & Essential Airbnb Amenities in Ikeja (2025)
Amenity Prevalence
Amenity Insights for Ikeja
- Essential amenities in Ikeja that guests expect include: TV, Air conditioning, Free parking on premises, Wifi. Lacking these (any) could significantly impact bookings.
- Popular amenities like Kitchen, Washer, Essentials are common but not universal. Offering these can provide a competitive edge.
Recommendations for Hosts
- Ensure your listing includes all essential amenities for Ikeja: TV, Air conditioning, Free parking on premises, Wifi.
- Prioritize adding missing essentials: TV, Air conditioning, Free parking on premises, Wifi.
- Consider adding popular differentiators like Kitchen or Washer to increase appeal.
- Highlight unique or less common amenities you offer (e.g., hot tub, dedicated workspace, EV charger) in your listing description and photos.
- Regularly check competitor amenities in Ikeja to stay competitive.
Ikeja Airbnb Guest Demographics & Profile Analysis (2025)
Guest Profile Summary for Ikeja
- The typical guest profile for Airbnb in Ikeja consists of predominantly international visitors (90%), with top international origins including United Kingdom, typically belonging to the Post-2000s (Gen Z/Alpha) group (50%), primarily speaking English or French.
- Domestic travelers account for 9.6% of guests.
- Key international markets include United States (45%) and United Kingdom (24.3%).
- Top languages spoken are English (79.6%) followed by French (6.9%).
- A significant demographic segment is the Post-2000s (Gen Z/Alpha) group, representing 50% of guests.
Recommendations for Hosts
- Focus marketing internationally, particularly towards travelers from United Kingdom.
- Tailor amenities and listing descriptions to appeal to the dominant Post-2000s (Gen Z/Alpha) demographic (e.g., highlight fast WiFi, smart home features, local guides).
- Highlight unique local experiences or amenities relevant to the primary guest profile.
- Consider seasonal promotions aligned with peak travel times for key origin markets.
Nearby Short-Term Rental Market Comparison
How does the Ikeja Airbnb market stack up against its neighbors? Compare key performance metrics like average monthly revenue, ADR, and occupancy rates in surrounding areas to understand the broader regional STR landscape.
| Market | Active Properties | Monthly Revenue | Daily Rate | Avg. Occupancy |
|---|---|---|---|---|
| Ibeju | 19 | $873 | $112.27 | 32% |
| Eko Atlantic | 14 | $764 | $199.34 | 25% |
| Falomo | 114 | $679 | $160.18 | 30% |
| Djako Daho | 46 | $476 | $53.00 | 40% |
| Moba | 219 | $424 | $116.23 | 29% |
| Ajah | 14 | $422 | $93.53 | 36% |
| Ojomu | 81 | $418 | $94.95 | 29% |
| Ikate | 190 | $407 | $103.18 | 29% |
| Animashawun | 13 | $382 | $53.62 | 33% |
| Lekki | 80 | $369 | $122.34 | 31% |