Land Market Insights and Pricing in Minnesota

Minnesota captivates with its 14,420 lakes, each spanning at least ten acres, and vast forested expanses covering a third of the state. This natural abundance includes 72 state parks, 58 state forests totaling four million acres, and two national forests comprising 5.5 million acres. The landscape transitions from prairies to dense woodlands, offering varied opportunities for land use and outdoor pursuits. Minnesota's agricultural prowess is evident in its corn and soybean production, ranking 4th and 3rd nationally, respectively, with a combined value exceeding $9 billion. For those seeking ranch properties, Marshall County presents an attractive option with its rolling hills and rivers like the Red, Snake, and Tamarac, complemented by a low 3% unemployment rate. Farm enthusiasts should explore Fillmore County, known for its Driftless Area terrain and strong local economy, boasting a 66.8% labor force participation rate. Hunters will find their ideal retreat in Becker County, where forested hills and numerous lakes create prime wildlife habitats, supported by stable economic indicators. Minnesota's income tax rates, ranging from 5.35% to 9.85%, are generally higher than neighboring states, while its property tax rate of 1.04% falls in the middle range nationally. Despite tax considerations, Minnesota's robust agricultural sector and natural resources position the state for continued economic growth and land investment opportunities.