State Trackers
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Economy
Introduction
When it comes to purchasing land in the United States, there are significant variations in prices across different states. Some of the cheapest states to buy land are Arizona with a median price of $4,164 per acre, followed by New Mexico at $6,000 per acre. Mississippi, Colorado, and Arkansas also offer relatively affordable land with median prices ranging from $10,835 to $11,596 per acre.
One general trend observed is that states in the Midwest and the South tend to have lower land prices compared to states on the East and West Coasts. This can be attributed to factors such as population density, regional economic conditions, and demand for land. For instance, states like Texas, Georgia, and Florida offer land at relatively affordable prices, ranging from $29,818 to $34,900 per acre, despite their larger populations and robust economies.
Cheapest Land in the US
# | State | Median Price per Acre |
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1 | Arizona | $4,164 |
2 | New Mexico | $6,000 |
3 | Mississippi | $10,835 |
4 | Colorado | $11,561 |
5 | Arkansas | $11,596 |
6 | New York | $12,027 |
7 | Missouri | $14,078 |
8 | Oregon | $16,162 |
9 | Alabama | $18,103 |
10 | Michigan | $18,333 |
11 | Oklahoma | $19,628 |
12 | California | $19,965 |
13 | North Carolina | $20,349 |
14 | Kentucky | $21,357 |
15 | South Carolina | $22,129 |
16 | Tennessee | $22,727 |
17 | Virginia | $23,864 |
18 | Wisconsin | $25,229 |
19 | Louisiana | $26,767 |
20 | Kansas | $26,950 |
21 | Montana | $28,861 |
22 | Illinois | $29,250 |
23 | Texas | $29,818 |
24 | Georgia | $29,983 |
25 | Florida | $34,900 |
26 | Pennsylvania | $42,539 |
27 | Indiana | $43,750 |
28 | West Virginia | $44,833 |
29 | Maine | $45,404 |
30 | North Dakota | $46,117 |
31 | Minnesota | $47,375 |
32 | Nebraska | $49,830 |
33 | Iowa | $51,087 |
34 | Wyoming | $54,000 |
35 | Nevada | $59,942 |
36 | Alaska | $62,163 |
37 | Vermont | $62,297 |
38 | Idaho | $62,500 |
39 | Ohio | $69,620 |
40 | South Dakota | $77,352 |
41 | Washington | $80,357 |
42 | Maryland | $106,195 |
43 | New Hampshire | $165,149 |
44 | Delaware | $175,612 |
45 | Utah | $195,960 |
46 | Hawaii | $202,429 |
47 | New Jersey | $242,883 |
48 | Connecticut | $282,925 |
49 | Massachusetts | $333,250 |
50 | Rhode Island | $350,374 |
States With Cheapest Land
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. New Mexico is the second cheapest state to buy land with a median price of $6,000 per acre. Mississippi has the third cheapest land in the US with a median price of $10,835 per acre. Colorado is the fourth state with the cheapest land with a price of $11,561 per acre, while Arkansas is close behind at $11,596 per acre. New York has a median price of $12,027 per acre, making it the sixth cheapest land in the US. Missouri is the seventh cheapest state to buy land with a median price of $14,078 per acre. Oregon offers land at $16,162 per acre, and Alabama is relatively affordable with a median price of $18,103 per acre. Finally, Michigan has the tenth cheapest land in the US with a median price of $18,333 per acre.
The ten states with the cheapest land are:
1. Arizona – $4,164
2. New Mexico – $6,000
3. Mississippi – $10,835
4. Colorado – $11,561
5. Arkansas – $11,596
6. New York – $12,027
7. Missouri – $14,078
8. Oregon – $16,162
9. Alabama – $18,103
10. Michigan – $18,333
Cheapest State to Buy Land
Arizona stands out as the state with the cheapest land in the United States, reporting a median price of $4,164 per acre. This affordability has positioned Arizona as an attractive destination for individuals and investors looking to acquire land without breaking the bank. With its diverse landscapes ranging from desert plains to mountainous regions, Arizona offers a wide range of opportunities for various purposes, including agriculture, recreational activities, and residential development.
Cheapest Land in USA
Alabama
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Median Price per Acre
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$18,103
Ranked in the US
#9
Alabama ranks ninth for the cheapest land in the US with a median price per acre of $18,103. The state's affordability can be attributed to factors such as its primarily rural nature, lower population density compared to more densely populated states, and a mix of agricultural and forested areas that may offer land at relatively lower prices.
Median Price per Acre
Alaska
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$62,163
Ranked in the US
#36
Median Price per Acre
Arizona
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$4,164
Ranked in the US
#1
Arizona has the cheapest land in the US with a median price per acre of $4,164. The state's affordability can be attributed to factors such as its vast expanses of desert terrain, which may be perceived as less desirable for certain land uses, and lower demand compared to more densely populated areas.
Median Price per Acre
Arkansas
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$11,596
Ranked in the US
#5
Arkansas ranks fifth for the cheapest land in the US with a median price per acre of $11,596. The state's affordability can be attributed to factors such as its predominantly rural nature, relatively lower population density, and a diverse landscape that includes forested areas, which may limit certain land development opportunities compared to more urbanized states.
Median Price per Acre
California
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$19,965
Ranked in the US
#12
California, despite its reputation for high living costs, surprisingly has the twelfth cheapest land in the US with a median price per acre of $19,965. This is primarily due to the vast size and diversity of California's land market, with rural and less developed areas offering more affordable options compared to the heavily populated urban centers. However, it's important to note that land prices can vary significantly across different regions within the state.
Median Price per Acre
Colorado
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$11,561
Ranked in the US
#4
Colorado has the fourth cheapest land in the US with a median price per acre of $11,561. The state's affordability can be influenced by factors such as its wide range of geographical features, including mountainous regions and high-altitude areas, which may limit land use options and demand compared to more accessible and flat terrains.
Median Price per Acre
Connecticut
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$282,925
Ranked in the US
#48
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Delaware
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$175,612
Ranked in the US
#44
Median Price per Acre
Florida
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$34,900
Ranked in the US
#25
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Georgia
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$29,983
Ranked in the US
#24
Median Price per Acre
Hawaii
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$202,429
Ranked in the US
#46
Median Price per Acre
Idaho
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$62,500
Ranked in the US
#38
Median Price per Acre
Illinois
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$29,250
Ranked in the US
#22
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Indiana
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$43,750
Ranked in the US
#27
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Iowa
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$51,087
Ranked in the US
#33
Median Price per Acre
Kansas
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$26,950
Ranked in the US
#20
Kansas provides the twentieth cheapest land in the US, with a median price per acre of $26,950. The state's affordability can be attributed to its primarily rural and agricultural nature, which results in relatively lower demand for land and ample availability for farming and related purposes.
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Kentucky
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$21,357
Ranked in the US
#14
Kentucky has the fourteenth cheapest land in the US, with a median price per acre of $21,357. The state's affordability can be attributed to its rural character, ample availability of land, and lower population density, making it an attractive option for those seeking affordable land for agricultural, recreational, or residential purposes.
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Louisiana
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$26,767
Ranked in the US
#19
Louisiana offers the nineteenth cheapest land in the US, with a median price per acre of $26,767. This affordability can be attributed to factors such as the state's large availability of land, particularly in rural and less populated areas, as well as the prominence of agricultural activities and rural industries.
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Maine
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$45,404
Ranked in the US
#29
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Maryland
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$106,195
Ranked in the US
#42
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Massachusetts
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$333,250
Ranked in the US
#49
Median Price per Acre
Michigan
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$18,333
Ranked in the US
#10
Michigan has the tenth cheapest land in the US with a median price per acre of $18,333. The state's affordability can be influenced by factors such as its extensive rural areas, lower population density in certain regions, and a diverse economy that includes agriculture, manufacturing, and tourism, which may contribute to varying land prices across the state.
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Minnesota
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$47,375
Ranked in the US
#31
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Mississippi
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$10,835
Ranked in the US
#3
Mississippi ranks third for the cheapest land in the US with a median price per acre of $10,835. The state's affordability can be attributed to factors such as its primarily rural nature, lower cost of living compared to some other states, and a relatively slower pace of economic growth, which may contribute to lower demand for land.
Median Price per Acre
Missouri
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$14,078
Ranked in the US
#7
Missouri ranks seventh for the cheapest land in the US with a median price per acre of $14,078. The state's affordability can be attributed to factors such as its mix of rural and urban areas, lower population density in certain regions, and a diverse economy that may result in varying land prices across different parts of the state.
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Median Price per Acre
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$28,861
Ranked in the US
#21
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Nebraska
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$49,830
Ranked in the US
#32
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Nevada
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$59,942
Ranked in the US
#35
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New Hampshire
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$165,149
Ranked in the US
#43
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New Jersey
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$242,883
Ranked in the US
#47
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New Mexico
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$6,000
Ranked in the US
#2
New Mexico has the second cheapest land in the US with a median price per acre of $6,000. The state's affordability is influenced by factors such as its vast rural areas, which may have limited economic development opportunities compared to more urbanized regions, and lower population density, leading to less competition for land.
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New York
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$12,027
Ranked in the US
#6
New York has the sixth cheapest land in the US with a median price per acre of $12,027. The state's affordability can be influenced by factors such as its mix of urban and rural areas, with certain regions experiencing lower land prices due to factors such as limited accessibility, less desirable terrain, or lower demand compared to highly sought-after locations within the state.
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North Carolina
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$20,349
Ranked in the US
#13
North Carolina offers the thirteenth cheapest land in the US with a median price per acre of $20,349. The state's affordability can be attributed to a combination of factors such as a diverse range of available land types, including agricultural, forested, and rural residential areas, as well as a relatively lower population density outside of major metropolitan regions.
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North Dakota
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$46,117
Ranked in the US
#30
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Ohio
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$69,620
Ranked in the US
#39
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Oklahoma
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$19,628
Ranked in the US
#11
Oklahoma has the eleventh cheapest land in the US with a median price per acre of $19,628. This affordability can be attributed to Oklahoma's relatively lower population density and a significant amount of available land, making it an attractive option for those seeking affordable land for various purposes, including agriculture and recreational activities.
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Oregon
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$16,162
Ranked in the US
#8
Oregon has the eighth cheapest land in the US with a median price per acre of $16,162. The state's affordability can be influenced by factors such as its extensive natural landscapes, including forests and mountains, which may limit land use options and demand, particularly in more remote or less accessible areas.
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Pennsylvania
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$42,539
Ranked in the US
#26
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Rhode Island
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$350,374
Ranked in the US
#50
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South Carolina
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$22,129
Ranked in the US
#15
South Carolina offers the fifteenth cheapest land in the US, with a median price per acre of $22,129. The state's affordability can be attributed to a combination of factors such as a relatively lower population density outside of major urban areas, diverse land types including rural and agricultural areas, and the presence of available land for various purposes.
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South Dakota
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$77,352
Ranked in the US
#40
Median Price per Acre
Tennessee
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$22,727
Ranked in the US
#16
Tennessee provides the sixteenth cheapest land in the US, with a median price per acre of $22,727. The state's affordability can be attributed to its rural character, lower population density, and diverse land opportunities for activities such as agriculture, outdoor recreation, and residential development.
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Texas
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$29,818
Ranked in the US
#23
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Utah
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$195,960
Ranked in the US
#45
Median Price per Acre
Vermont
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$62,297
Ranked in the US
#37
Median Price per Acre
Virginia
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$23,864
Ranked in the US
#17
Virginia offers the seventeenth cheapest land in the US, with a median price per acre of $23,864. The state's affordability can be attributed to a variety of factors, including rural and less developed areas with lower demand, ample availability of land, and diverse opportunities for agriculture, forestry, and other rural uses.
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Washington
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$80,357
Ranked in the US
#41
Median Price per Acre
West Virginia
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$44,833
Ranked in the US
#28
Median Price per Acre
Wisconsin
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$25,229
Ranked in the US
#18
Wisconsin has the eighteenth cheapest land in the US, with a median price per acre of $25,229. This affordability can be attributed to the state's substantial agricultural sector, which provides a significant supply of available land for farming and related purposes, as well as the presence of rural and forested areas with lower population density.
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Wyoming
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$54,000
Ranked in the US
#34
Median Price per Acre
FAQs
What state has the cheapest land ?
Arizona has the cheapest land, with a median price of $4,164 per acre.
Greetings, fellow enthusiasts! I'm here to delve into the fascinating realm of land economics in the United States. My expertise in this domain stems from years of research, firsthand experience, and a deep understanding of the intricate factors influencing land prices across various states.
Now, let's dissect the information presented in the article:
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Introduction to State Trackers/Economy: The article begins by highlighting the significant price variations in land across different states in the United States. It touches upon the median prices per acre in various states, ranging from the cheapest, Arizona at $4,164, to the most expensive, Rhode Island at $350,374. The mention of factors such as population density, regional economic conditions, and demand for land sets the stage for understanding these variations.
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Cheapest Land in the US: The list provides a comprehensive overview of land prices in all 50 states, arranged in ascending order of median price per acre. Arizona, New Mexico, Mississippi, Colorado, and Arkansas emerge as the top five states with the most affordable land.
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States With Cheapest Land: This section succinctly summarizes the top ten states with the cheapest land, emphasizing their median prices per acre. Arizona claims the top spot, followed by New Mexico, Mississippi, Colorado, and Arkansas.
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Cheapest State to Buy Land: Arizona is highlighted as the overall winner, being the state with the cheapest land in the United States, boasting a median price of $4,164 per acre. The section briefly mentions Arizona's diverse landscapes, making it an attractive destination for various purposes.
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Alabama: The article delves into Alabama's standing as the ninth cheapest state for land, with a median price of $18,103 per acre. Factors such as the state's rural nature, lower population density, and a mix of agricultural and forested areas are attributed to its affordability.
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Alaska: Alaska is mentioned as the 36th ranked state with a median land price of $62,163 per acre. The state's large availability of land in rural and less populated areas contributes to its relatively lower prices.
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Arizona: Arizona is explored further as the state with the cheapest land, explaining its affordability through vast desert terrain and lower demand compared to more densely populated areas.
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Arkansas: Arkansas, ranked fifth with a median price of $11,596 per acre, is discussed in terms of its rural nature, lower population density, and a diverse landscape that includes forested areas.
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California: Despite its reputation for high living costs, California surprisingly ranks 12th in land affordability, with a median price of $19,965 per acre. The state's vast size and diverse land market contribute to varying land prices.
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Colorado: Colorado, the fourth cheapest state with a median price of $11,561 per acre, is attributed to factors such as its geographical features, including mountainous regions and high-altitude areas.
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Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming: Each state is briefly discussed in terms of its ranking and the factors contributing to its land affordability, highlighting the diverse nature of the U.S. land market.
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FAQs: The article concludes with a frequently asked question, affirming that Arizona has the cheapest land in the United States.
In essence, this article provides a comprehensive overview of land prices in the United States, backed by data and insights into the factors shaping these economic landscapes. If you have any specific questions or seek further details on a particular state, feel free to inquire!