How Much is an Acre of Land Worth?

How much is an acre of land worth in your state? We take a look at how to understand price-per-acre values for land at a local and national level.

Land.com Network - December 12, 2017

As one commenter noted in an earlier version of this post, understanding the true value of one acre of land is a little like comparing different kinds of fruit in a grocery store.

“Averaging the bananas, kiwi fruit and coconuts with the strawberries, jalapeno peppers and avocados will never give you information you can rely on to make an informed judgment as to whether the property you are buying (or selling) is priced appropriately,” this commenter correctly states.

how much is an acre - idaho mountains — Land in Idaho is used for a variety of purposes, from recreational and hunting acreage to land for cattle grazing.

Just as the price-per-square-foot value of office real estate in Manhattan is in a completely different realm to a same-sized commercial space in Mechanicville, New York, the real value of an acre of land will vary greatly according to its location, terrain and access to utilities or mineral commodities such as oil and gas.

READ MORE: How big is an acre?

The value of a 100-acre plot of farmland in Alabama’s Coastal Plain will be priced differently from the same acreage in the poultry-intensive Piedmont region of eastern Alabama in terms of its income-producing potential from livestock or crops—not to mention the value of the equipment, infrastructure and other improvements of the business under which any given piece of land lies.

field in kansas: how much is an acre — View of fields in Kansas, where acreage for sale includes farms and hunting land

Likewise, answering the question about the relative value of a ranch or residential acreage requires an understanding about the qualities and features of the property on a given parcel of land, and using these facets as points of comparison for similar properties in the area. As with the residential real-estate market, this is where a land realtor can be invaluable in terms of offering professional advice on the details about the value of land for sale and how it relates to local market factors and trends.

For information regarding local property prices and fluctuations, all Land.com buyers have access to a suite of powerful tools and features, including nightly property and price-change notifiers. Buyers can also set up customized searches and property alerts to make sure they are the first to know when new properties meet their specific criteria hit the market.

how much is an acre - georgia timberland — The value of an acre in land in Georgia can increase significantly when considering the importance of timberland and logging in the state.

Based on data from Land.com for all active listings of land for sale as of December 12, 2017, below are some insights for the most and least expensive zip codes by price-per-acre for individual properties. (Note that average price-per-acre value was calculated only for those zipcodes with ten or more distinct property types for sale in that zipcode.)

How Much is an Acre of Land Worth?

Farms: Most expensive farmland for sale based on price-per-acre by zip code

Farms: Least expensive farmland for sale based on price-per-acre by zipcode

Horse Property: Most expensive equestrian property for sale based on price-per-acre by zipcode

Horse Property: Least expensive equestrian property for sale based on price-per-acre by zipcode

Hunting Land: Most expensive hunting land for sale based on price-per-acre by zipcode

Hunting Land: Least expensive hunting land for sale based on price-per-acre by zipcode

Ranches: Most expensive ranch land for sale based on price-per-acre by zipcode

Ranches: Least expensive ranch land for sale based on price-per-acre by zipcode

Recreational Property: Most expensive recreational land for sale based on price-per-acre by zipcode

Recreational Property: Least expensive recreational land for sale based on price-per-acre by zipcode

Residential Property: Most expensive residential land for sale based on price-per-acre by zipcode

Residential Property: Least expensive residential land for sale based on price-per-acre by zipcode

Timberland: Most expensive forestry land for sale based on price-per-acre by zipcode

Timberland: Least expensive forestry land for sale based on price-per-acre by zipcode