Wyoming Cheap Land for Sale - 27 Properties (2024)

FAQs

How much does 1 acre of land cost in Wyoming? ›

The 27 matching properties for sale in Wyoming have an average listing price of $63,733 and price per acre of $1,924. For more nearby real estate, explore land for sale in Wyoming.

Wyoming's homestead exemption applies to real property, including your: house and the lot or lots upon which that house is located, or. your mobile home or house trailer.

InMyArea.com performed a study that took a look at the median prices per acre in 2021 and found that Arizona had the cheapest median cost per acre, at $4,164. The data includes the price of land with existing homes and the cost of land designated as a homesite was also included so that you can have some comparison.

See it: Largest land offering in California—50,000 acres in Bay Area— hits market at $72 million. A massive, unspoiled property in the Bay Area that stretches over 50,500 acres has hit the market for $72 million.

Parts of Wyoming can have some very large ranches that seem relatively inexpensive compared to ranches in other areas and other states. This may be because the land is not as productive, is a long way from a major town, and may have limited water or other resources.

Cold, Rain, and Snow Are Best For Purchasing Land

Colder months are the best time to buy a piece of land, which holds for both developed and raw land. With the holiday season and hunting, plus winter, there's less competition as properties listed have been on sale for months since the spring boom.

Eligibility Requirements: Principal residence on a parcel of land of less than 40 acres. Owner must have limited income, be over 62 years old or handicapped (as determined by Social Security Administration), and have purchased property 10 years prior to applying for deferral of taxes.

Do you have to pay taxes on land in Wyoming? ›

Wyoming Property Tax Rates

Property tax rates in Wyoming are expressed as mills. One mill is equal to $1 of tax for every $1,000 in assessed value. So, for example, if your assessed value is $10,000 and your mill rate is 75 mills, your total annual tax bill would be $750.

Johnson County, Wyoming does NOT currently have official adopted Zoning Regulations or Building Codes.

New Mexico is the state with the cheapest land according to our land prices per acre page. This is largely due to the fact that it has a lot of of rural desert acreage.

Arizona. A desert climate will be a challenge, but not an impossibility, for growing your own crops and farming the land. It's one of the cheapest (if not the cheapest) of all 50 states to buy land in, but you'll need to check whether the specific location you might have in mind actually allows for homestead building.

Tennessee, Arkansas, and West Virginia consistently rank as the cheapest places to buy residential land. Tennessee offers diverse geography, from mountains and lakes to acres of rural flat ground, and of course the iconic landmarks and attractions like Graceland and Nashville, the heart of country music.

One acre is comparable to a square measuring 66 feet by 220 yards which equals 43,560 square feet. Additionally, an acre is about 0.405 hectares or 4,840 square meters. Consequently, 10 acres would equal 435,600 square feet.

Articles abound online comparing 10 acres of land to a host of seemingly relatable, visual examples. Commons visual representations include: 7.5 football fields. 90 basketball courts.

The answer is 15.13 football fields. Yes, imagine laying out nearly 15 football fields from end zone to end zone and that tells you the size of 20 acres.

How many acres is a football field? ›

How big is a football field? A football field is 120 yards long, measured from the back of one endzone to the back of the other endzone and 53.3 yards wide. The dimension of the entire surface of the football field is 57,600 square feet, or the equivalent of 1.32 acres.

Wyoming has the lowest average cost of living among all of the Rocky Mountain states, beating out neighbors like Utah, Colorado, Idaho, and Montana. It also ranks among the top 20 most affordable states in the nation, according to MERIC data collected in 2022.

Evanston

Evanston, the most affordable city in Wyoming, rises about 6,700 feet above sea level and is bathed in sunshine 300 days a year. This small town is surrounded by mountains and offers opportunities for camping, mountain biking, kayaking, fishing, and more.

They require about 25-30% as a down payment. We recommend talking to a local realtor or lender first thing to understand your financing options prior to starting your search. Doing your due diligence will reduce any risk in buying rural vacant land and lead you to making sure this lot is the right property for you.

One of the best strategies is to pay cash, because lenders consider vacant land a riskier investment than a house that's already built, and charge more to finance it as a result. If you plan to pay in cash, you'll want to budget for both the land and additional expenses like property taxes and utility installation.

The land is always a profitable investment as you can make money off it quickly. You can either sell your land, use it to grow crops, use the land as boat storage, or lease it out. The highest and best use of land is an imperative factor that determines the value of your land.

In general, you'll likely find it cheaper overall to buy an existing home, but that also depends on the market. A home loan is less risky than a land loan, and typically comes with a lower down payment and better interest rate.

The land asset is not depreciated, because it is considered to have an infinite useful life. This makes land unique among all asset types; it is the only one for which depreciation is prohibited.

Although many people assume that land depreciates over time, this is false. Land doesn't lose value over time as other tangible assets like machinery or equipment do. Instead, changes in value are caused by things like a slowing economy or changing market conditions.

The best time to buy for a good deal

Sellers' who need to move quickly are more likely to accept a low offer. For this reason, November and December can be a good time to get a bargain. Sellers who are under no pressure to move often delist their properties with a view to re-launching in the new year.

How much can a 70 year old earn without paying taxes? ›

Basically, if you're 65 or older, you have to file a tax return in 2022 if your gross income is $14,700 or higher. If you're married filing jointly and both 65 or older, that amount is $28,700. If you're married filing jointly and only one of you is 65 or older, that amount is $27,300.

Wyoming is very tax-friendly toward retirees. Social Security income is not taxed. Withdrawals from retirement accounts are not taxed. Wages are taxed at normal rates, and your marginal state tax rate is 0.0%.

Wyoming law provides a "homestead exemption" that is a set monetary value of a homestead that is exempt from execution or attachment arising from any debt, contract or civil obligation.

Wyoming has no state income tax, no state gift tax, no inheritance or estate tax, and no capital gains tax.

Taxable value is the value used to calculate taxes due on your property. Residential property is assessed at 9.5% of market value.

All of the data below comes from the Census Bureau's 2021 1-year American Community Survey (ACS) Estimates. Hawaii has the lowest property tax rate in the U.S. at 0.27%. The Aloha state has a home median value of $722,500.

Niobrara County, Wyoming - Wikipedia.

With so much open land and awe-inspiring scenery it's no wonder people love to set up their tiny homes here. Tiny living is an attractive option all across Wyoming! Temperatures vary widely in Wyoming throughout the year—or even throughout the day if you live at higher elevations.

For remote living without having to completely fend for yourself, we recommend moving to Saratoga, Wyoming. Saratoga, Wyoming is a remote town near Elk Mountain in Carbon County. You'll find the town about 45 minutes southeast of Rawlins, or an hour and a half west of Laramie.

1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.

What is the most expensive state to live in 2023? ›

Hawaii is the most expensive state to live in, with a cost of living index of 184. Massachusetts is ranked second, with a cost of living index of 149.7, followed by California at 137.6, and New York at 134.5.

There is plenty of publically-held land owned by the federal government or states. However, there is no land in the US that does not have a designated owner.

Lowest price per 5 acres: $6,500

So for both 1 acre and 5 acre plots, the cheapest states to buy land in 2023 are New Mexico, Arizona, Mississippi, followed by Colorado and California. Some great news for you here is that at Compass Land USA, we do a lot of work in Colorado, and Arizona.

Lowest Median Cost Per Acre

InMyArea.com performed a study that took a look at the median prices per acre in 2021 and found that Arizona had the cheapest median cost per acre, at $4,164.

Alaska and Hawaii. Alaska has extreme weather conditions, especially winters, and does not offer homesteading programs. In 2021, lawnstarter.com ranked Alaska as the worst state to start a farm, with a lower rank on returns on investments. Hawaii's cost of living and the value of land is very high.

The state with the cheapest land in the U.S. is Wyoming, where one acre costs an average of $1,558.

According to the 2019 USDA Land Values Summary, Wyoming has some of the cheapest dollar-per-acre land value in both pasture and cropland in the country. Finally, having a lot of space implies fewer inhabitants. Wyoming has the lowest population of any state in the in the country with less than 600,000 people.

1. To apply for a landowner tag, the landowner must own 160 contiguous acres in the draw area being applied for. If general tags for the species are available, landowner tags will not be issued. 2.

Wyoming has you covered. A ranch in Jackson Hole with a whopping 233 acres of land just hit the market for $35 million. That makes it the most expensive listing in the state, as reported by the Wall Street Journal.

Is Wyoming a good place to buy land? ›

Wyoming is very unique and diverse in landscape. If you enjoy hunting, fishing, and wide open spaces, then Wyoming is a great place to look for land. Lower living costs, education costs, and opportunities for cheaper grazing will add to the appeal!

Average Cost of Living in Wyoming: $47,832 per year

Wyoming has the lowest average cost of living among all of the Rocky Mountain states, beating out neighbors like Utah, Colorado, Idaho, and Montana. It also ranks among the top 20 most affordable states in the nation, according to MERIC data collected in 2022.

Hunters must have permission from the landowner to cross or hunt on private land. The Department recommends licensees obtain the signature of the landowner, lessee, or agent of the landowner as evidence that permission to hunt has been granted. 8.

Permission of the landowner is required to hunt on private lands in Wyoming. By statute, the hunter's license must bear the signature of the landowner, lessee, or agent of the owner on whose private property he is hunting or the legitimate proof as evidence that permission to hunt has been granted.

Depending on where you are, that could be somebody's backyard or a highway.” For two hunters or more, Messerschmidt says the ideal minimum size land for rifle hunting deer is about 50 acres, but one could manage on as little as 25 acres if the property is in the right area.

It now has a 15,000-square-foot ranch house and many other buildings on its 492 acres, including Buffalo Bill's modest three room cabin. The property is at the end of private road, seven miles long, 20 miles from Cody.

Stan Kroenke — 560,000 Acres

Billionaire Stan Kroenke owns 560,000 acres of land in Wyoming. This is the largest ranch in the Rocky Mountains and sits near Medicine Bow. Kroenke purchased this land in 2003.

> Population: 23,633

Rock Springs is a city located at the intersection of Interstate 80 and US 191 in Sweetwater County in southwest Wyoming. Settled by a diverse community of immigrant coal miners in the late 19th century, the population of Rock Springs has grown from 3,406 in 1890 to 23,633 today.