Acre of Land Cost
Successful investors know very well that buying land is one of the safest ways to make money grow. For as long as you find the right parcels of land to buy and acquire it at a great price, all you have to do is wait for you to see the value of your property increase over time. Truth be told, if it’s your first time to look for land for sale, you will be surprised to learn how acre of land cost can be so low when compared to land sold per square foot.
More often than not, for you to enjoy better prices and deals when buying land, you’d have to go big. Many times, we’ve seen 1 or 2-bedroom apartment or condominium units in residential areas cost way more when compared to a 20-acre rural land. In fact, some areas in the United States have an acre of land for sale equivalent to the price of a mid-range brand new smartphone! However, as mentioned, to get these low prices, you might have to buy wholesale land. This means you can’t acquire just one acre at a time.
“Don’t wait to buy real estate. Buy real estate and wait.” – This is one of the most famous real estate quotes ever said. Some people are hesitant about buying rural land for sale especially if they are unable to use that piece of land anyway. Depending on the condition or location of land, some are considered unusable today. However, there’s no telling what happens tomorrow. If that area is developed by the government or if you can find ways to earn from your property, then investing in that piece of land is worth every penny.
Average Acre of Land Cost in the United States
The cost of land per acre varies and changes every so often. Although you may observe some dips once in a while, the value of land consistently increases every year. Take a look at the summary of land values below. This data comes from the USDA, National Agricultural Statistics Service Land Values 2019 Summary as of August 2019.
Depending on the land condition and purpose, the cost per acre of land differs. If you are looking for real estate properties that you can use for farming purposes, the average cost as of 2019 is only $3,160 per acre.
Although still affordable, it is just a little higher for cropland because there are more income opportunities when you buy rural land that can produce crops. As of this year, an acre of cropland costs $4,100 on average.
Pastures are mainly used for grazing livestock including horses, sheep, swine, cattle, and more. Since this type of land is rarely developed and just covered with grass and vegetation, the cost per acre is very low. You can buy pasture land in the United States for $1,400 per acre on average as of 2019.
Note that the above values consist of the average acre of land cost across the United States. The actual cost of land by the acre varies depending on the location. For instance, you can get farm real estate for sale in New Mexico at an average of $570 per acre as of 2019. Farm real estate sells at $5,950 per acre on average when you buy it in Florida. Average values are $10,000 per acre in California and $15,600 per acre in Rhode Island.
Buy or Sell Land in Florida
Are you planning to sell your land in Florida at a decent price per acre? Land Soar is here to help! Simply fill out this form and we’ll get in touch with you the soonest possible.
If you are looking for rural land in Florida, Georgia, and other areas in the United States to invest in, we can also assist you. Just call 386-200-5001 or send Land Soar a message at firstname.lastname@example.org.