The Impact of Neighborhood Characteristics On Rental Values of Residential Properties in Minna, Nigeria
Abstract
The study examines the impact of neighbourhood characteristics on rental values of residential properties; this has over the decade been a major topic of discussion in the global housing market. This situation emanated as a result of the multi –dimensional bundle of services and a bundle of contradictions and paradoxes that housing is known for. The study aimed at examining the impact of neighbourhood characteristics on rental values of residential properties in Minna, Nigeria and the objectives were (i) to examine the effect of neighbouhoods characteristics on rental values of residential properties in the study area (ii) To examine the current rental values of the class of residential property in the study area. and (iii) to examine the relationship between neighbourhood characteristics and rental values of residential properties. However, the methodology adopted was the use of a structured questionnaire with closed ended questions to extract data from 621 randomly administered questionnaire across the three categories of residential properties. The data were subjected to the use of both descriptive (frequency table, and a 5 point likert scale) and inferential (Regression Aanalysis) statistical analysis. Results from the analysis revealed that rental values of residential properties in F-lay out are higher than that of the residential properties in Tunga low cost, and the rent in Bosso neighbourhood is relatively lower than that of Tunga low cost respectively, and there is a relationship between housing characteristics and rental values in the study areas this is in relation to the variation in the quality of neighbourhood characteristics in these areas respectively. In order not to have a wide disparity of rental values and to reduce the housing deficit in Nigeria, it is therefore recommended that the government should undertake an aggressive urban regeneration and facilities development, particularly in the areas lacking such, to attract more housing investment
Keywords
Effect, Nieghbourhood, Residential, Property and values.
Citations
IRE Journals:
Shuaibu Mohammed Nasir, Umar Ndaman Saidu, Usman Jamila, Yakatun Mohammed Musa, Abubakar Dauda Dada "The Impact of Neighborhood Characteristics On Rental Values of Residential Properties in Minna, Nigeria" Iconic Research And Engineering Journals Volume 9 Issue 9 2026 Page 1259-1271 https://doi.org/10.64388/IREV9I9-1715146
IEEE:
Shuaibu Mohammed Nasir, Umar Ndaman Saidu, Usman Jamila, Yakatun Mohammed Musa, Abubakar Dauda Dada
"The Impact of Neighborhood Characteristics On Rental Values of Residential Properties in Minna, Nigeria" Iconic Research And Engineering Journals, 9(9) https://doi.org/10.64388/IREV9I9-1715146
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