how much is an acre of land worth?

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 Lands of America 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 considered the importance of timberland and logging in the state.

Based on data from Lands of America for all active listings of land for sale as of December 12, 2017, below are some insights for the most and least expensive zipcodes by price-per-acre for individual property. (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.)

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

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


 

For even more detailed insights regarding the price-per acre values of land for sale, buyers can also subscribe to a Lands of America LandInsight account ($199/year) to receive access to over 200,000 land-sales comps nationwide, allowing you to compare similar properties and actual sales-price detail as it relates to sold price-per-acre values.

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  • Show Comments

  • Marian R Liles

    As a broker for a half-century, people often asked me, “How much is ____property worth in my area?” My answer is always, “How much is produce in a grocery store? Are you talking about bananas, kiwi fruit or coconut?” The study is badly flawed from the git-go, as it is based on asking prices in the various areas. At the time of the so-called study, there may be more properties close to major metropolitan areas, lakes and other valuable locations, whereas a study conducted a month later, all those properties may be sold and the remainder for sale are located in remote locations. There are many other factors that determine value of land, but 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 judgement as to whether the property you are buying (or selling) is priced appropriately. MusingsbyMarian.com

  • Sabah Tumeh

    Did your analysis exclude price of improvements such as homes, barnes…etc.?

  • Lou Jewell ALC

    Last years I used three MLS sites, Southwest Virginia MLS, New River Valley MLS and Winston-Salem Regional MLS plus a bank appraisal clearing house that certifies arms distant sales.

    Search criteria was 50+ acres with sales 2012 to 2015. Thirteen counties in Southern Virginia and Northern NC Piedmont area yielded 181 sales with average acreage of 194.7 acres with average sales price $2,648.00 per acre. These were all rural counties, Land only with no improvements…

  • Sabrina Knight

    I would like an estimate on 80 acres of land in a small town in South East Alabama.

  • Dr. Land

    Good to know! Of course land value can vary greatly based on the value of the town/location. But if all else is equal, in Southern New England the most valuable land features are simple: 1. Waterfront. 2. Views. 3. Pasture or open tillable acreage. Open land here can have a much higher degree of product scarcity than in other regions of the country. I recently advertised and sold an 8 acre parcel that had a 4 acre field, in a town with 50 parcels listed for sale, as “the largest open parcel of land for sale in the town”.

  • Anonymous

    Another no news article loaded with wrong information. Time to research before writing

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