91-day T-bill8.750%▲ 0.002
182-day T-bill8.851%▼ 0.008
364-day T-bill9.029%▲ 0.002
Central Bank Rate8.75%07/10/2026
Inflation6.8%September 2026
Top MMF yield10.46%Madison
Sources: CBK auction, 2 Nov 2026 value date (change vs 26 Oct); CBK key rates; fund managers' published yields, as at 1 Nov 2026.

Land Prices in Karen, Runda and Muthaiga per Acre (HassConsult 2026)

Land prices in Karen

An acre of land in Karen cost an average of KSh 79.5 million in the second quarter of 2026, up 3.2% in the quarter, while Runda averaged KSh 105.6 million (up 2.9%) and Muthaiga KSh 230.1 million (down 0.9%), according to the HassConsult Land Price Index as reported by Capital FM on August 4, 2026. Land prices in Karen are the lowest of the six prime suburbs listed. Lang’ata rose fastest among Nairobi suburbs, up 4.1% to KSh 94.7 million an acre.

Land prices in Karen

Updated November 2026. Figures are HassConsult asking-price averages for April to June 2026 (Q2), the latest quarter published at the time of writing. Actual sale prices depend on the plot, title, zoning and access.

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Prime Nairobi suburbs: land price per acre (Q2 2026)

Suburb Average price per acre Change in Q2 2026
Muthangari KSh 378.4 million -2.1%
Muthaiga KSh 230.1 million -0.9%
Nyari KSh 128.2 million +2.5%
Runda KSh 105.6 million +2.9%
Lang’ata KSh 94.7 million +4.1%
Karen KSh 79.5 million +3.2%

Source: HassConsult Land Price Index Q2 2026, via Capital FM.

What is driving land prices in Karen and Lang’ata

HassConsult said Karen and Lang’ata recorded their strongest quarterly price growth in a decade, as demand shifted to suburbs where land is cheaper to acquire for both developers and people building their own homes. In practice that means Karen, with large plots and low-density zoning, is now seen as relative value compared with Muthaiga or Nyari, where an acre costs two to three times as much.

Why Muthaiga and Muthangari dipped

Muthangari posted the biggest drop among Nairobi suburbs (-2.1%) and Muthaiga slipped 0.9%. At over KSh 200 million an acre, these areas have few buyers, so small numbers of deals and listings can move the average. A quarterly dip is not a crash; look at the multi-year trend before drawing conclusions.

Satellite towns

Town Average price per acre Change in Q2 2026
Ruaka KSh 115.7 million +2.8%
Ruiru KSh 42.2 million +4.1%
Thika KSh 32.4 million +3.8%

Seven of the 14 satellite towns HassConsult tracks recorded declines in the quarter, led by Ngong (-2.5%) and Limuru (-0.8%). HassConsult linked Ruiru’s rise to mixed-use projects such as Tatu City and Northlands, Thika’s to its expected elevation to city status, and Ruaka’s to the Nairobi Western Bypass and proximity to the UN area in Gigiri.

What a plot actually costs

Per-acre averages are easier to understand when you scale them to common plot sizes. Using the Q2 2026 averages:

Suburb Half acre Quarter acre
Karen about KSh 39.8 million about KSh 19.9 million
Runda about KSh 52.8 million about KSh 26.4 million
Muthaiga about KSh 115.1 million about KSh 57.5 million

These are simple arithmetic on the index average. Zoning matters: many prime low-density suburbs have minimum plot-size and density rules, so check the zoning with Nairobi City County’s planning department before you buy a small subdivision.

How to read the HassConsult index

HassConsult, a Nairobi property firm, publishes its land price index every quarter. It is built from asking prices for land on the market in each area, averaged per acre, so it shows the direction and pace of the market rather than the exact price of any single plot. Corner plots, tarmac frontage, ready title, water and sewer connections and gentle terrain all push a plot above the average; disputed titles, poor access or steep land push it below. Use the index to judge whether an asking price is in line with the area, then get an independent valuation.

A buying checklist for prime land

  1. Get a copy of the title and run an official search (Nairobi titles are searched on the Ardhisasa platform).
  2. Commission a registered surveyor to confirm the beacons match the map.
  3. Ask the seller for a rates clearance certificate from the county.
  4. Confirm zoning and any building restrictions with the county planning office.
  5. Use an advocate to draft the sale agreement and hold the deposit in an escrow or client account.
  6. Budget for stamp duty and registration before you commit.

Costs on top of the price

Land prices in Karen, Runda and Muthaiga 2026

House prices vs land prices

Land is only part of the picture. KNBS’s residential property price index showed house prices rising in Q2 2026, with standalone homes outpacing apartments; see Kenya house prices rise 2.2%.

Holding land in a family trust? Kenya’s new Trust Administration Act 2026 now requires trusts to register. Karen buyers who play golf may also want to read about Karen Country Club membership fees.

Land prices in Karen: summary

land prices in Karen averaged KSh 79.5 million an acre in Q2 2026, and land prices in Karen rose faster than in Runda or Muthaiga. HassConsult updates land prices in Karen every quarter.

Frequently asked questions

What are land prices in Karen per acre in 2026?

About KSh 79.5 million on average in Q2 2026, according to HassConsult.

How much is an acre in Runda?

About KSh 105.6 million on average in Q2 2026.

How much is an acre in Muthaiga?

About KSh 230.1 million on average in Q2 2026, down 0.9% in the quarter.

Which Nairobi suburb is most expensive for land?

Of the suburbs reported, Muthangari was highest at KSh 378.4 million an acre.

Are land prices in Karen still rising?

Yes. Karen rose 3.2% in Q2 2026, which HassConsult described as its strongest quarterly growth in a decade, alongside Lang’ata.

Where is cheaper land near Nairobi?

Satellite towns such as Thika (KSh 32.4 million an acre) and Ruiru (KSh 42.2 million) are far cheaper than the prime suburbs.

Source: HassConsult Land Price Index Q2 2026, reported by Capital FM, August 4, 2026.

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About Author

Norah Waceke is a business journalist and editor at Business Radar with more than eight years of experience covering Kenya's economy, companies and markets. She previously worked at one of Kenya's leading digital news platforms, where she reported on business, finance and current affairs. A graduate of Multimedia University of Kenya, Norah focuses on clear, accurate reporting that helps readers understand the money stories shaping their lives and businesses.

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