A recent survey shows that more than 70% of lower and middle class property investors view Ikorodu as a true destination in Lagos. Unlike Badagry, Ikorodu is already witnessing what can be considered an impressive rate of development in terms of property investments.

Located in the eastern senatorial district, Ikorodu is one of the fastest emerging property markets in Lagos State. Approximately 30 minutes derive from the Ojota bus stop, this location serves as the gateway between the states of Lagos and Ogun. Travelers who avoid the Lagos-Ibadan highway as a result of occasional traffic jams on the highway use the Lagos-Ikorodu highway as an alternative route to Ogun State. Ikorodu is about a 35-minute drive from Sagamu in Ogun State.

Development in Ikorodu is rapid as the location is already experiencing population density evidenced by the heavy traffic situation on the Lagos-Ikorodu highway. Popular areas in Ikorodu where development is almost at its peak are Agric, Ogoloto, Isawu, Ojokoro, Odogunyan, Igbogbo, Igbo-Olomu and Ijede (location of Lagos State Mini Water Dam power plant).

Ikorodu is blessed with many properties, both government owned and commercial. Some of these properties are: TOS Benson Estate, Apeke Estate, Ojokoro Village Estate, Alliance Housing Estate, His Glory Estate, HallMark Estate, Jubilee Low Cost Housing Estate, Toma Estate (Owutu Housing Scheme), etc.

The infrastructure facilities in Ikorodu are gradually being upgraded by the Lagos State government as before, but the roads that have not yet been paved are now getting the necessary attention.

The water supply to most of the city is via privately dug boreholes and boreholes.