Price of land per acre
Questions about land prices
How much is an acre of land?
The cost of land per acre varies greatly depending on location and intended use. On average, in the United States, the cost of one acre of land is around $16,000. You can buy an acre for under $1,000 in some places, but some commercial lots and agricultural properties can exceed $100,000 per acre.
Land values are determined by factors such as access to utilities, infrastructure, and zoning regulations. When looking to buy land, it's important to consider these factors to determine how much it will cost to buy land that meets your specific needs.
How much is my land worth?
Determining the worth of a piece of land depends on several factors such as the location, zoning regulations, availability of utilities, access to transportation and amenities, and potential for future development.
An appraiser or land broker may be able to give you an estimate of your land value based on these factors and recent sales of comparable properties in the area. Additionally, you can consult local government records and property tax assessments to get a rough idea of the market value.
Keep in mind that land values fluctuate over time, influenced by economic conditions and changes in local real estate markets so watch prices of nearby land for sale.
Where is the cheapest land in the U.S.?
Listing data shows that you can find the cheapest land in Arizona and New Mexico, but low-cost land is for sale throughout many rural areas and small towns in other states like Wyoming, North Dakota, Nevada, West Virginia, Texas, and even California.
Prices can be as low as a few hundred dollars per acre with factors like accessibility, infrastructure, local economy, and property condition influencing the price and desirability of the land. Read more about where to buy the cheapest land.
Where is the most expensive land in the U.S.?
You'll find the most expensive U.S. land in areas with high demand and limited availability, such as Manhattan, San Francisco, Beverly Hills, and major cities with booming real estate markets.
Listing data shows that the most expensive states by price per acre include New Jersey, Rhode Island, Delaware, and Hawaii. Prices vary depending on the specific location and type of property, but these spots rank among the priciest in the country.