Kisumu, Kenya's third-largest city and the economic hub of western Kenya, offers a unique blend of urban convenience and lakeside tranquility. As of 2025, the real estate market here continues to grow steadily, fueled by infrastructure developments like the Kisumu Port expansion and the upcoming Lakefront City project. Whether you're looking for a permanent residence or an investment property, Kisumu presents diverse housing options across its various neighborhoods.
Kisumu's property landscape is divided into several prime areas: The upscale Milimani neighborhood offers luxury homes with panoramic lake views, while Lolwe Estate has become popular for its gated community living. Riat Hills provides mid-range family homes, and areas like Mamboleo and Migosi offer more affordable options. The CBD remains competitive for those seeking urban convenience, while new developments are emerging along the Kisumu-Busia highway corridor.
The Kisumu housing market shows steady growth in 2025, with average appreciation rates of 8-12% annually. Waterfront properties command premium prices ranging from Ksh 25 million to Ksh 45 million for luxury villas. Middle-class neighborhoods like Riat Hills and Mamboleo offer 3-4 bedroom homes between Ksh 8 million to Ksh 18 million. More affordable options start from Ksh 3 million in developing areas like Kondele and Manyatta.
| House Type | Average Price Range | Popular Areas |
|---|---|---|
| Luxury Villas | Ksh 25M - Ksh 45M | Milimani, Lolwe Estate |
| 4-Bedroom Detached | Ksh 12M - Ksh 22M | Riat Hills, Mamboleo |
| 3-Bedroom Townhouse | Ksh 8M - Ksh 15M | Tuffoam Estate, Migosi |
| 2-Bedroom Bungalow | Ksh 4M - Ksh 8M | Konjero, Manyatta B |