Cheapest Land by State [Updated August 2022] (2024)

Map Options

Color Scheme:

Map Type:

Download SVG:

Cheapest Land by State [Updated August 2022] (1)Cheapest Land by State [Updated August 2022] (2)

Arizona

$4,164

New Mexico

$6,000

Mississippi

$10,835

Colorado

$11,561

Arkansas

$11,596

New York

$12,027

Missouri

$14,078

Oregon

$16,162

Alabama

$18,103

Michigan

$18,333

Oklahoma

$19,628

California

$19,965

Kentucky

$21,357

South Carolina

$22,129

Tennessee

$22,727

Virginia

$23,864

Wisconsin

$25,229

Louisiana

$26,767

Kansas

$26,950

Montana

$28,861

Illinois

$29,250

Texas

$29,818

Georgia

$29,983

Florida

$34,900

Pennsylvania

$42,539

Indiana

$43,750

West Virginia

$44,833

North Dakota

$46,117

Minnesota

$47,375

Nebraska

$49,830

Iowa

$51,087

Wyoming

$54,000

Nevada

$59,942

Alaska

$61,163

Vermont

$62,297

Idaho

$62,500

Ohio

$69,620

South Dakota

$77,352

Washington

$80,357

Maryland

$106,195

New Hampshire

$165,149

Delaware

$175,612

Utah

$195,960

Hawaii

$202,429

New Jersey

$242,883

Connecticut

$282,925

Massachusetts

$333,250

Rhode Island

$350,374

Cheapest Land by State [Updated August 2022]

People purchase land for many reasons. Land can be used for residential real estate, commercial real estate, farming, or left alone to appreciate and let nature roam. Some people purchase land to start a homestead, build a custom home, build apartment complexes, start farms, or have their personal space.

Whatever your reason, you’ll want to consider the following factors when making your purchase: location, buildable, condition of the lots, restrictions, zoning and utilities, possible environmental hazards, area population growth and development, and cost.

If you’re looking to homestead or farm, you’ll want to make sure that your land is arable. If you’re looking to build a home to raise a family in, you will want to check out your local community and school district.

When Buying Land:

Do:

  • Work with a real estate agent
  • Have your finances in order (land purchases are often done in cash)
  • Consider the value of homes in the neighborhoodTake utilities and road access into accountConsider incentives

Don’t:

  • Expect to get a loan
  • Skip the environmental tests
  • Forget the survey
  • Talk to the neighbors*
  • Assume you can have the property rezoned.

*A word of advice is to not tell your future potential neighbors that you’re planning on building a home before you build it. This can cause some problems for people who don’t want new construction or the noise of it.

States with the Cheapest Land for Sale

Land prices in the U.S. vary greatly, with some states going as high as $350,000. If you’re not too picky about where you’re purchasing, you can find many cheaper options. The least expensive states for land are going to be found mostly in the western parts of the country.

In several states, local governments are actively giving away land to be used for homesteading or small farms. Their goal is to hopefully create an industry with farming, which will attract more people into small towns and expand jobs in the area. Some of these towns include:

Before the pandemic, people generally considered the real estate market to be balanced. The lowest averages sat around $2,000 per acre and the highest were $200,000 per acre. It wasn’t a horrible experience to buy or sell a house in 2019, depending on where you were looking.

But after the pandemic struck, the cost of real estate soared. It became a seller's market that buyers could only hope to survive. The value of land, regardless of its condition, increased dramatically. So, when looking at the average costs of acres across the United States, be sure to look for references that are recent.

Lowest Median Cost Per Acre

InMyArea.com performed a study that took a look at the median prices per acre in 2021 and found that Arizona had the cheapest median cost per acre, at $4,164. The data includes the price of land with existing homes and the cost of land designated as a homesite was also included so that you can have some comparison.

We chose to use this data because medians more accurately represent the data because they cannot be skewed depending on how high the highs are or how low the lows are—like averages.

  1. Arizona: $4,164 per acre
  2. New Mexico: $6,000 per acre
  3. Mississippi: $10,835 per acre
  4. Colorado: $11,561 per acre
  5. Arkansas: $11,596 per acre
  6. New York: $12,027 per acre
  7. Missouri: $14,078 per acre
  8. Oregon: $16,162 per acre
  9. Alabama: $18,103 per acre
  10. Michigan: $18,333 per acre

Cheapest Land by State [Updated August 2022]

Cheapest Land by State [Updated August 2022]

CSV JSON

Download Table Data

Cheapest Land by State [Updated August 2022]

Sources

Cheapest Land by State [Updated August 2022] (2024)

FAQs

Cheapest Land by State [Updated August 2022]? ›

The ten states with the cheapest land are Arizona, New Mexico, Mississippi, Colorado, Arkansas, New York, Missouri, Oregon, Alabama, and Michigan. Arizona is the cheapest state to buy land with a median price of $4,164 per acre.

Where is land cheapest right now? ›

The ten states with the cheapest land are Arizona, New Mexico, Mississippi, Colorado, Arkansas, New York, Missouri, Oregon, Alabama, and Michigan. Arizona is the cheapest state to buy land with a median price of $4,164 per acre.

Where is the best place to buy land right now? ›

The Top 9 Best States to Buy Land in 2021
  • Arkansas. ...
  • Tennessee. ...
  • Utah. ...
  • Arizona. ...
  • Oregon. ...
  • West Virginia. Enjoy the endless mountains and land for sale in West Virginia. ...
  • Kentucky. Land in Kentucky is its most valuable asset. ...
  • Texas. If you are looking to create a farm or a ranch, Texas is the state you should focus on.
Dec 8, 2021

How much does 1 acre of land cost in Missouri? ›

Table 1. Agricultural land values per acre, June 2022.
State(s)Cropland (dollars)All land and buildings (dollars)
Missouri4,3202,400
Arkansas3,1102,850
Illinois8,9503,700
Iowa9,3503,300
5 more rows

How much does an acre of land cost in Alabama 2022? ›

Price of land per acre
StateListingsPer acre
Alabama5,141$15,621
Alaska393$10,005
Arizona9,615$15,986
Arkansas8,553$13,744
47 more rows

What state has the cheapest farm land? ›

Investing in agricultural land can be a great opportunity to capitalize on the current market, with some states offering highly affordable farmland. North Dakota and Wyoming are two of the most cost-effective states for farming land, followed by Alabama and Kentucky.

What state has the cheapest land for homesteading? ›

What Is the Cheapest State to Buy Land?
  1. Tennessee. Tennessee is particularly attractive because it doesn't have a state income tax but has a low cost of living. ...
  2. Arizona. Apart from its hot summers in much of the state, Arizona is also known to be a highly popular tourist destination. ...
  3. Florida. ...
  4. Arkansas.

What is the smartest way to buy land? ›

One of the best strategies is to pay cash, because lenders consider vacant land a riskier investment than a house that's already built, and charge more to finance it as a result. If you plan to pay in cash, you'll want to budget for both the land and additional expenses like property taxes and utility installation.

What month is the best time to buy land? ›

The Best Time Of The Year To Buy Property: Winter Months

The best months of the year to buy property are: December, January, and February. Here are the reasons why winter is the best season to buy real estate: Fewer people are buying. December through January are prime holiday months.

What is the most beautiful state to buy land in? ›

Florida. There are non of the other options when it comes to buying land in Florida, as it is considered the most pleasing state in the USA. Florida is known for its warm climate and beautiful beaches The state has a strong economy that is driven by tourism, real estate, and agriculture.

What is acreage going for in Missouri? ›

Values for cropland, pasture, timberland and hunting/recreational land all increased from 2020 to 2021. The value of good nonirrigated Missouri cropland averaged $6,326 per acre in 2021 — an increase of 14% relative to 2020. Between 2017 and 2020, values for this cropland category annually increased 4.3% on average.

How much is an acre of land in Missouri in 2023? ›

Is this the New Normal for 2023? If you follow PremierLandSales.com, some of you might be scratching your head when you see the recent Missouri auction results ranging from $11,000 to nearly $17,000 per acre. Sales in our border states of Iowa, Nebraska, and Illinois are exceeding $25,000.

Where is the best farmland in Missouri? ›

The Ozark Plateau, the largest part of Missouri, is covered in forested hills and known for its large lakes and clear rivers. In the Bootheel region, appropriately named for its distinctive shape, rich farmland supports crops ranging from cotton and rice to corn and soybeans.

How much does 1 acre cost in Texas? ›

How much is an acre of land in Texas? The average price per acre of rural land in Texas was more than $4,000 per acre in 2022, according to the Texas Real Estate Research Center. That average climbed each quarter: $4,116/acre average in Q1 of 2022.

How much is land per acre in SC? ›

The 943 matching properties for sale in South Carolina have an average listing price of $389,952 and price per acre of $30,649. For more nearby real estate, explore land for sale in South Carolina.

How much does 1 acre of land cost in Florida? ›

florida Farmland Prices

Over the last 20 years, the price of farmland per acre in florida has risen by an average of 5.7% per year to $7,190 per acre as of 2019. This represents an increase of $3,640 per acre of farmland over this time period.

What state is the cheapest to buy land? ›

InMyArea.com performed a study that took a look at the median prices per acre in 2021 and found that Arizona had the cheapest median cost per acre, at $4,164.

Where in the US has the cheapest land? ›

10 of the Cheapest Places to Buy Land in the U.S.
  • Mohave County, Arizona. ...
  • Kanosh, Utah. ...
  • Valencia County, New Mexico. ...
  • Fort Hanco*ck, Texas. ...
  • Royalton, Kentucky. Photo: istockphoto.com. ...
  • Edwards, Missouri. Photo: istockphoto.com. ...
  • Sun Valley, Arizona. Photo: istockphoto.com. ...
  • Deming, New Mexico. Photo: istockphoto.com.
Feb 27, 2023

How much is an acre of land in Arizona? ›

The USDA's 2021 survey priced Arizona's cropland at $7700 per acre, almost twice the U.S. average. Arizona is the third-most expensive state to buy cropland, second-most expensive to rent it — according to an agricultural investment research group.

Which city has the cheapest land? ›

What is the cheapest place to buy land in India?
  • Hyderabad (Telangana)
  • Pune (Maharashtra)
  • Navi Mumbai (Maharashtra)
  • Jaipur (Rajasthan)
  • Surat (Gujarat)
  • Bangalore (Karnataka)
  • Ghaziabad (Uttar Pradesh)
  • Ahmedabad (Gujarat)
May 16, 2022

Top Articles
Latest Posts
Article information

Author: Msgr. Refugio Daniel

Last Updated:

Views: 5656

Rating: 4.3 / 5 (54 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Msgr. Refugio Daniel

Birthday: 1999-09-15

Address: 8416 Beatty Center, Derekfort, VA 72092-0500

Phone: +6838967160603

Job: Mining Executive

Hobby: Woodworking, Knitting, Fishing, Coffee roasting, Kayaking, Horseback riding, Kite flying

Introduction: My name is Msgr. Refugio Daniel, I am a fine, precious, encouraging, calm, glamorous, vivacious, friendly person who loves writing and wants to share my knowledge and understanding with you.