This paper undertakes an analysis of intra-urban variations in homeownership rates, using data drawn from the metropolitan area of Ibadan, Nigeria. The spatial pattern depicted revealed that homeownership rates roughly coincide with the pattern of the city's historical development. Furtheremore, the empirical analysis based on a multiple regression model revealed that the stage in family life cycle, availability of open space for futher residential development, the number of residential plots provided by public planning agencies and the section of the city in which the census tract is located were the key determinants of homewonership rates.