Here's how much an acre of land is worth in each of contiguous 48 states in the US
Corrections and Clarifications: A previous version of this story incorrectly included the value of farmland and buildings in each state.
Placing an accurate dollar value on America’s land – from natural features such as rivers and mountains to developed lands that include farms and skyscrapers – is virtually impossible.
Some experts, though, have attempted to arrive at a rough approximation. Based on the work of economist William D. Larson, the total value of the 1.9 billion acres in the contiguous 48 states is nearly $23 trillion – or about $12,000 an acre on average. The federal government’s stake in this land, nearly one-quarter of the acreage, is worth $1.8 trillion.
While an acre of land is valued at less than $2,000 in the least valuable state, an acre goes for more than 100 times that in the most valuable state. 24/7 Wall St. reviewed the estimated value of land in each of the contiguous 48 states using data from Larson’s 2015 study, “New Estimates of Value of Land of the United States.”
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Nearly half of the land in the contiguous United States is used for agriculture – the largest or one of the largest industries in several states. With three-quarters or more of the acreage in eight states used for agriculture, farming is concentrated in some states a great deal more than others. In total, according to the latest estimate by the U.S. Department of Agriculture, farmland and agricultural buildings in the United States are worth a combined $200 billion-plus.
Whether an acre of land is part of a sprawling farm or a dense metro area, its value is mostly determined by its use. Developed land, defined as area covered by roads and buildings, accounts for only 6% of the acreage in the contiguous 48 states, yet it holds more than half of the total value. Developed tracts in many cases house some of the nation’s largest economic engines – and many people live inside dense urban areas where demand for real estate is high. Many of the most valuable states are home to some of America’s richest cities.
• Value per acre: $1,558
• Total value: $97 billion (4th lowest)
• GDP per capita: $61,091 (6th highest)
• Median home value: $214,300 (20th highest)
47. New Mexico
• Value per acre: $1,931
• Total value: $150 billion (11th lowest)
• GDP per capita: $41,619 (12th lowest)
• Median home value: $171,300 (19th lowest)
• Value per acre: $2,116
• Total value: $149 billion (10th lowest)
• GDP per capita: $44,812 (19th lowest)
• Median home value: $258,200 (13th highest)
45. South Dakota
• Value per acre: $2,135
• Total value: $103 billion (5th lowest)
• GDP per capita: $48,004 (24th highest)
• Median home value: $167,600 (17th lowest)
• Value per acre: $2,283
• Total value: $213 billion (16th lowest)
• GDP per capita: $39,833 (10th lowest)
• Median home value: $231,300 (16th highest)
43. North Dakota
• Value per acre: $2,517
• Total value: $110 billion (6th lowest)
• GDP per capita: $64,911 (3rd highest)
• Median home value: $194,700 (24th highest)
• Value per acre: $2,936
• Total value: $144 billion (9th lowest)
• GDP per capita: $54,654 (13th highest)
• Median home value: $155,800 (12th lowest)
• Value per acre: $3,435
• Total value: $182 billion (14th lowest)
• GDP per capita: $36,441 (2nd lowest)
• Median home value: $207,100 (22nd highest)
• Value per acre: $4,220
• Total value: $220 billion (17th lowest)
• GDP per capita: $47,435 (24th lowest)
• Median home value: $150,600 (10th lowest)
• Value per acre: $4,328
• Total value: $315 billion (21st lowest)
• GDP per capita: $39,583 (9th lowest)
• Median home value: $223,400 (19th highest)
• Value per acre: $4,664
• Total value: $247 billion (20th lowest)
• GDP per capita: $45,493 (21st lowest)
• Median home value: $275,100 (9th highest)
• Value per acre: $5,565
• Total value: $166 billion (13th lowest)
• GDP per capita: $32,447 (the lowest)
• Median home value: $120,200 (2nd lowest)
• Value per acre: $6,142
• Total value: $122 billion (8th lowest)
• GDP per capita: $39,521 (8th lowest)
• Median home value: $191,200 (24th lowest)
• Value per acre: $6,462
• Total value: $429 billion (16th highest)
• GDP per capita: $54,026 (14th highest)
• Median home value: $348,900 (3rd highest)
• Value per acre: $6,503
• Total value: $400 billion (20th highest)
• GDP per capita: $51,312 (20th highest)
• Median home value: $319,200 (6th highest)
• Value per acre: $6,590
• Total value: $235 billion (19th lowest)
• GDP per capita: $52,284 (17th highest)
• Median home value: $149,100 (9th lowest)
• Value per acre: $6,739
• Total value: $224 billion (18th lowest)
• GDP per capita: $36,714 (3rd lowest)
• Median home value: $128,500 (3rd lowest)
• Value per acre: $7,209
• Total value: $183 billion (15th lowest)
• GDP per capita: $39,277 (7th lowest)
• Median home value: $141,000 (5th lowest)
• Value per acre: $7,233
• Total value: $318 billion (22nd lowest)
• GDP per capita: $43,036 (13th lowest)
• Median home value: $156,700 (13th lowest)
• Value per acre: $7,364
• Total value: $323 billion (23rd lowest)
• GDP per capita: $44,535 (17th lowest)
• Median home value: $137,400 (4th lowest)
• Value per acre: $7,439
• Total value: $44 billion (the lowest)
• GDP per capita: $44,831 (20th lowest)
• Median home value: $226,300 (17th highest)
• Value per acre: $7,542
• Total value: $1.3 trillion (2nd highest)
• GDP per capita: $53,737 (15th highest)
• Median home value: $172,200 (20th lowest)
• Value per acre: $8,191
• Total value: $416 billion (17th highest)
• GDP per capita: $54,805 (12th highest)
• Median home value: $224,000 (18th highest)
• Value per acre: $9,924
• Total value: $344 billion (24th highest)
• GDP per capita: $48,666 (21st highest)
• Median home value: $178,900 (22nd lowest)
24. West Virginia
• Value per acre: $10,537
• Total value: $162 billion (12th lowest)
• GDP per capita: $37,353 (4th lowest)
• Median home value: $119,800 (the lowest)
• Total value: $400 billion (19th highest)
• GDP per capita: $37,508 (5th lowest)
• Median home value: $141,300 (7th lowest)
• Value per acre: $12,908
• Total value: $354 billion (23rd highest)
• GDP per capita: $44,372 (16th lowest)
• Median home value: $162,500 (15th lowest)
• Value per acre: $14,242
• Total value: $528 billion (12th highest)
• GDP per capita: $45,925 (22nd lowest)
• Median home value: $173,700 (21st lowest)
• Value per acre: $14,411
• Total value: $380 billion (22nd highest)
• GDP per capita: $44,348 (15th lowest)
• Median home value: $167,500 (16th lowest)
19. North Carolina
• Value per acre: $16,230
• Total value: $506 billion (14th highest)
• GDP per capita: $44,706 (18th lowest)
• Median home value: $171,200 (18th lowest)
• Value per acre: $16,752
• Total value: $716 billion (10th highest)
• GDP per capita: $59,333 (8th highest)
• Median home value: $339,000 (4th highest)
• Value per acre: $16,903
• Total value: $387 billion (21st highest)
• GDP per capita: $46,427 (23rd lowest)
• Median home value: $141,100 (6th lowest)
16. South Carolina
• Value per acre: $17,610
• Total value: $339 billion (24th lowest)
• GDP per capita: $37,637 (6th lowest)
• Median home value: $161,800 (14th lowest)
15. New Hampshire
• Value per acre: $19,840
• Total value: $114 billion (7th lowest)
• GDP per capita: $52,509 (16th highest)
• Median home value: $263,600 (12th highest)
• Value per acre: $21,921
• Total value: $555 billion (11th highest)
• GDP per capita: $52,124 (18th highest)
• Median home value: $273,400 (10th highest)
• Value per acre: $23,492
• Total value: $833 billion (9th highest)
• GDP per capita: $55,102 (11th highest)
• Median home value: $195,300 (23rd highest)
• Value per acre: $23,765
• Total value: $865 billion (7th highest)
• GDP per capita: $44,201 (14th lowest)
• Median home value: $155,700 (11th lowest)
• Value per acre: $28,961
• Total value: $1.0 trillion (4th highest)
• GDP per capita: $39,842 (11th lowest)
• Median home value: $214,000 (21st highest)
• Value per acre: $31,923
• Total value: $914 billion (6th highest)
• GDP per capita: $51,841 (19th highest)
• Median home value: $181,200 (23rd lowest)
• Value per acre: $32,077
• Total value: $838 billion (8th highest)
• GDP per capita: $48,188 (23rd highest)
• Median home value: $144,200 (8th lowest)
• Value per acre: $39,092
• Total value: $3.9 trillion (the highest)
• GDP per capita: $60,359 (7th highest)
• Median home value: $509,400 (the highest)
7. New York
• Value per acre: $41,314
• Total value: $1.2 trillion (3rd highest)
• GDP per capita: $65,220 (2nd highest)
• Median home value: $314,500 (7th highest)
• Value per acre: $57,692
• Total value: $72 billion (2nd lowest)
• GDP per capita: $63,955 (4th highest)
• Median home value: $252,800 (15th highest)
• Value per acre: $75,429
• Total value: $470 billion (15th highest)
• GDP per capita: $56,375 (10th highest)
• Median home value: $312,500 (8th highest)
• Value per acre: $102,214
• Total value: $517 billion (13th highest)
• GDP per capita: $66,500 (the highest)
• Median home value: $385,400 (2nd highest)
• Value per acre: $128,824
• Total value: $400 billion (18th highest)
• GDP per capita: $62,633 (5th highest)
• Median home value: $273,100 (11th highest)
2. Rhode Island
• Value per acre: $133,730
• Total value: $90 billion (3rd lowest)
• GDP per capita: $48,314 (22nd highest)
• Median home value: $257,800 (14th highest)
1. New Jersey
• Value per acre: $196,410
• Total value: $930 billion (5th highest)
• GDP per capita: $56,776 (9th highest)
• Median home value: $334,900 (5th highest)
To identify the most (and least) valuable states, 24/7 Wall St. reviewed the estimated average land value for each state from an April 2015 working paper by William Larson for the Bureau of Economic Analysis. To generate a comprehensive valuation of the 48 contiguous states, Larson's study, “New Estimates of Value of Land of the United States,” presented a range of land value models for estimating land prices in 2009. The GDP-per-capita figures came from the Bureau of Economic Analysis and are for 2017. The U.S. Census Bureau’s 2017 American Consumer Survey 1-Year Estimates served as the source for the median home value data and figures are for 2017.
24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. Its content is produced independently of USA TODAY.
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View CommentsSours: https://www.usatoday.com/story/money/2019/05/08/the-most-and-least-valuable-states/39442329/
How much does a acre of land cost in California?
Click to see full answer.
Beside this, how much does an acre of land cost 2019 California?
- Quora. In Thousand Oaks (about 30 miles northwest of Los Angeles, along 101), raw land in >1 acre chunks is about $100–200k/acre. $500k will get you 25 acres up in the mountains above Malibu on Latigo Cyn Rd., which is about $20k/acre.
Similarly, how much does an acre of land sell for? Developed land, or land where housing, roads, and other structures are located, was valued at an estimated $106,000 per acre, while undeveloped land was estimated at $6,500 per acre, and farmland at only $2,000 per acre.
Also to know, how much is an acre of land in 2019?
The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,160 per acre for 2019, up $60 per acre (1.9 percent) from 2018. The United States cropland value averaged $4,100 per acre, an increase of $50 per acre (1.2 percent) from the previous year.
What is the average price for an acre of land in Texas?
The statewide value of an acre of Texas rural land rose 5 percent in 2016 to an average value of $2,554 per acre—a record high. Statewide rural land prices increased in the first quarter of 2017, moving up 3.26 percent to $2,563 per acre from the first quarter 2016 prices of $2,482 per acre.
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- Price: US$1,300,000
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- Price: US$700,000
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- Price: US$75,000
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- Land: 4,136 m2 (0.41 hectares / 1.02 acres)
- Sales Price: US$398,000
This is the most desirable commercial property in Dominical with Coastal Highway frontage and completely usable terrain. The land is semi-flat and could be easily developed with endless possibilities for a savoy investor. More Information...
Investment Land for Sale Right in Jaco Downtown!
- Land Size: 14,990 M2 (3.7 Acre / 1.5 Hectare)
- Price: US$2,800,000 Owner financing available 50%
Investment land in Jaco downtown right where the action is, steps away from the beach and ready to be developed. This is the opportunity you've been looking for in this appealing area of high demand in the Central Pacific. 1.5 hectares that can be turned into commercial or residential development. Hurry up, opportunities like this don't last for too long. More Information...
Beautiful Valley View Lot in the Mountains of Heredia
- Land size: 7,220 M2 (1.78 Acre)
- Price: US$208,800
Special valley view lot with plenty of space, peace, privacy. Located in San Rafael, Heredia which is an ideal choice that provides rural country living close to city amenities. Just 10 minutes from Heredia city center where you will find supermarkets, banks, restaurants, hardware stores and gas stations. Also 15 minutes from the international airport and San Jose city. More Information...
Lake, Views, Forest, 235 acres of nature everywhere!
- Land size: 95 hectares (235 acres)
- Sales Price: US$3,810,000
Owner financing available and its possible a partial sale. This property has 95 hectares (235 acres). Consist of 1/3 of primary forest and 2/3 of pasture. Its located just minutes outside Tilaran town very close to Lake Arenal and Arenal Volcanoe area. More Information...
Residential Lot for Sale in Ciudad Colon Community
- Lot Size: 1,130 M2 (12,163 sq. ft.)
- Price: US$165,000
Located in the fresh and tranquil city outskirts, residential lot in a special community where you will find the right balance of living close to nature and the advantages of modern day living. Enjoy building your next home in a pleasant weather environment with staggering views. More Information...
Gorgeous Tropical Spot in Pavones for Sale at Hot Price
- Land Size: 1,158 M2 (12,464 sq. ft.)
- Sales Price: US$72,000
Priced for sale! This lot is located in the wonderful beach area of Pavones, a tourist and surfer destination. Seconds away from the beach and the main road. It's all ready to develop and build your tropical dream home or lodging spot. More Information...
The Real Costa Rica - Farm and Nature Reserve
- Land: 5,590 m2 (60,148 sq.ft.)
- 3 Beds / 2 Baths
- Sales Price: US$2,500,000
This is the true Costa Rica located in a special micro-climate high above Dominical and San Isidro with views of both the ocean and city views due to mountain top setting. The extraordinary mountains and valleys on all sides provide some of the most spectacular and panoramic views in the area. More Information...
Investment lot for sale in Guapiles, Limon
- Land size: 4,000 M2 (Almost 1 acre)
- Price: US$104,000
Great building lot, perfect for tourist attractions, bars, restaurants, eco lodge or even your secluded home surrounded by the unique nature of this area. The property is located less than 1 hour from the Caribbean coast, National reserves (Braulio Carrillo) and San Jose City. It has full public road frontage and a river within. More Information...
Land for Investment in Guapiles, Limon
- Land Size: Between 50,000 M2 (12 Acres / 5 hectares) and 200,000 M2 (50 Acres / 20 Hectares)
- Price: US $12 per square meter
This large property is located in the wonderful lands of Guapiles, heading towards the Caribbean coast. It has public road frontage, a totally flat land that has a river within. Great investment opportunity for Restaurant, Hotel, homesite lots, Eco-lodge or a house. More Information...
Over 15 hectares of land with river and woods for sale in Guapiles, Limon
- Land size: 15.2 hectares (37.56 Acres)
- Price: US$799,999
Beautiful 15 hectares in Guapiles for sale! Pasture land perfect for raising cattle and horses, a special area for the nature lover at heart. This is not a mountain, this is actually an entire Ranch that can be completely utilized and appreciated. The property has a river, natural spring water, fruit tress, and actual wood trees. More Information...
Residential Investment Land In Hermosa
- Residential Lot Sizes: From 300 M2 (3,230 sq. ft.) to 750 M2 (8,072 sq. ft.)
- Price: Starting at US$45,907!!!
The ideal development to make your dreams come true! Residential lots in gated community located a few minutes away from the world famous Hermosa Beach, the chosen spot for surfers around the world and the house of the Billabong World Surfing Tournament 2009. Take advantage of these red-hot prices and get ready to build your home in paradise. More Information...
Residential Lots For Sale in the Best and Largest Community of Atenas!
- Prices: Starting at US$90,000 (Financing Available)
- Land Size:Residential lots from 7,000 M2 (1.72 Acre / 0.7 Hectare)
- to 12,410 M2 (3 Acres / 1.24 Hectares)
Escape to a new natural mountain world in the wonderful area of Atenas, this residential complex is located in an exquisite residential mountain community, enjoy living at World´s Best Weather according to the National Geographic Society. More Information...
Among the 5 best mountain residential projects of all Costa Rica...
- Land size: Lots available from 1,000 M2 (Quarter acre.) to 5,202 M2 (1.28 Acre)
- Price: Starting at $170,000
This project is located in Ciudad Colon on the west sector of San Jose, less than an hour from the Pacific Ocean, 20 minutes from the International Airport, 15 minutes from Escazú, and 10 of the best shopping malls, schools and service centers in Costa Rica. More Information...
Guanacaste Ocean View Property Just A Few Minutes From The Beach
- Lot size: 10,082m2 ( 1 hectare )
- Price: US$200,000
Fully titled beautiful ocean view property situated 10 minutes walking distance from the stunning sandy beach with crystal clear swimming waters. Includes 60 meters of public road frontage and is gently sloping. Unique ocean views! Most properties offering similar ocean views are at least a 30 minutes driving distance from the sea away. More Information...
Amazing Ocean View Property with Business Potential
- Land: 2,422 m2 (26,000 sq.ft.)
- Sales Price: US$320,000
This unique piece of land is located in Playa Samara at just a few minutes away from the center of town and beach. Location couldn't be better, it brings the best of both worlds, beautiful views of the ocean and privacy but still close to all the amenities that Samara Beach has to offer. More Information...
Ocean view land for sale in Jaco
- Land size:16,148 M2 (4 Acre / 1.61 hectare)
- Price: US $339,000
Oceanview (4 Acre / 1.61 hectare) land for sale in Jaco, minutes away from the famous beaches of Puntarenas like Jaco, Punta Leona and Hermosa. Suitable. for residential development or agriculture. It has incredible oceanviews and steps away from the lush mangrove that takes you right to the ocean. This is definitely a solid investment opportunity. More Information...
Large ocean view land for sale in Jaco
- Land Size: 14,794 M2 (3.65 Acres / 1.47 Hectare)
- Price: US$232,296
Oceanview (4.7 Acre / 1.9 Hectare)land for sale in Jaco, minutes away from the famous beaches of Puntarenas like Jaco, Punta Leona and Hermosa. Suitable. For residential development or agriculture. It has incredible oceanviews and steps away from the lush mangrove that takes you right to the ocean. A solid investment opportunity. More Information...
Vast Oceanview Land in Jaco Ready For Investments
- 2 BED/1 BATH 2nd house: 2 BED/2 BATH
- Total Property Price: Reduced to US$780,000
- Land: 5 Hectares (12.35 Acres)
- Construction: 2 homes of 50m2 (538 sq ft) & 150m2 (1,614 sq ft)
Large 5 hectares farm in Costa Rica´s golden coast. Located in Jaco area and minutes away from the famous beaches of Puntarenas like Jaco Beach, Punta Leona and Hermosa. Suitable for residential development, agriculture or your weekend retreat. More Information...
Half Acre with 2 beach accesses for sale in wonderful Tamarindo Beach!
- Lot Size: 1,928 m² (20,753 square feet)
- Price: US$650,000
Hard to find property in Playa Tamarindo, large lot and very, very close to the beach. The land is flat and backs up to a nature preserve, a green zone and protected area. Perfect to build a secluded getaway, villas, or condominiums! This lot is located off the main street at the south side of Playa Tamarindo just before getting to Playa Langosta. More Information...
Ecologic development land for sale in Pinilla Guanacaste
- Land size: From 994 M2 (10,700 square feet)
- Price: Lots starting at US$44,730
Located near Avellanas beach, the ultimate golf course, in an area suitable for 5 star resorts ... you will find these incredible set of residential lots at the ''last best place'' as many locals and foreigners call Guanacaste More Information...
Building Lots/Land For Sale in La Garita, Alajuela
- Lot sizes: from 1.74 Acres to 2.15 Acres
- Prices: Starting at US$149,000
A great investment opportunity! 4 Fabulous distinct properties, only 3 minutes away from the new highway between San José and Caldera. Excellent construction ground, great views, nice breeze, little hills and beautiful trees. Hurry up! More Information...
Great Value & Desirable Lot In Cariari
- Total area: 1079.83 m2 (1/4 acre)
- Price: US$270,000
- Facing The Golf Course
In one of the most desirable golf communities in the Central Valley... Great schools, grocery stores, malls, the international airport and much more comprise the wide array of conveniences that this location has to offer. Calm and quiet Bosques de Doña Rosa is one of the nicest neighborhoods in Cariari. More Information...
Private reserve community lots for sale
- Lot size: Total area 15 acres
- Price: Starting from US$72,000
This one of a kind opportunity is living in the rich and fertile lands of Uvita, Puntarenas a tropical Eden offering affordable lots with excellent landscapes (ocean and mountain views), deep well water and electricity services, green zones with walking and hiking trails, this is a Master-planned Gated Community with Planned Amenities, this are gonna get big ... act now before this opportunity slips away! More Information...
5 large acres of pure Costa Rica nature, wildlife and ocean-mountain views ready to be yours!
- Land Size: 5.35 Acres (2.16 hectares)
- Price: US$250,000
When the Spanish explorers discovered Costa Rica back in 1502 they couldn't believe the wonder and magic of the pure nature, lush vegetation, white sand, crystal water beaches. They discovered a special land with rich and immaculate flora & fauna, this reason awarded this country the name of Costa Rica (rich coast). You can also experience the same thrill with this large estate for sale in Dominical. More Information...
Land for building in Escazu, incredible views of the Central Valley!
- Price: US$84m2 -very cheap- US$325,000 for the whole lot!
- Size: 3,865.70m2 (41,610 sq ft) just under an acre
A beautifully landscaped lot with beautiful tropical flowers and an abundance of native trees just over a kilometer from the center of Escazu is available for the savvy buyer who is looking to build the house of his dreams. Ideal for constructing as the land is flat, the lot can also be divided up for development of 3 single family homes… More Information...
Quality life at this "Country-style" Gated Community of Santa Ana
- Prices from US$259,000
- Lot sizes: Around and over 1,000 m2 (1/4 acre)
Now Selling Lots!!! This incredible land project consists in country-like lots for sale and development in the exclusive and perfect weather area of Santa Ana, this project is located in a gated community and has that special natural touch with abundant trees, creeks, flora and fauna. More Information...
Beautiful land with endless views and even more possibilities
- Price: US$1,105,000
- Size: 20,087m2 (216,215 square feet)
Located just 300 meters from the impressive waterfalls in Montezuma and minutes from the beach, this land which is abundant in fruit trees and native Costa Rican trees is nestled into the highest point of the mountain creating fantastic sunrise views from one side of it and to the other side, incredible sunsets. More Information...
Specially selected and subdividable land for sale in San Antonio Escazu
- Price: US$440,000 (Financing available)
- Size: 5,557 m2 (59,816 square feet)
Located in Costa Rica's most exclusive zone, Escazu. This undeveloped and subdividable land is strategically located in the green mountain area of San Antonio of Escazu with the best San Jose city view, fine restaurants, Mel Gibson's Costa Rica home and more. Making this a wise choice for those planning to invest in a business or a dream home. More Information...
Lot with panoramic valley views in condominium project
- Size: 1000m2
- Price: US$165,000
This lot which is ready to build on is located in one the most exclusive project with a condominium concept in the whole of the Central Valley. 23 hectares of lush land with three bordering rivers and 2 km’s of natural trails that run alongside the river bank this development is one of a kind. Additionally an illuminated tennis court, huge children’s play area and probably the best club house in the country have already been constructed and are being enjoyed as we speak… More Information...
Panoramic view acreage for sale in Santa Ana
- Land: 4.1 hectares or (10+ acres)
- Price: Reduced to US$449,000
You will be inspired by the beautiful valley, mountains and sunset views from this property. Located less than 2 miles from the new coastal highway (route 27) and just a few minutes drive from Lindora and Multiplaza this property provides convenience to all modern life's amenities as well as the ultimate privacy. More Information...
Large lot for sale in upscale Brasil de Mora
- Size: 1176m2
- Price: US$185,000
If you dream of building your own house within a safe gated community this lot could be perfect for you. Idea for building an independant house with a great sized yard and 24/7 security, you would be located within a nice private place in the upscale area of Brasil de Mora. More Information...
Ocean, mountain and river views...all from one property!
- Size: 31.3928m2
- Price: US$800,000
This enourmous property located close to the Central Pacific beaches would be an ideal lot for someone who was looking for a large estate with ocean views and within just a couple of hours from San Jose. Likewise, a developer looking for a parcel to build upon should find this rare opportunity as a great investment. More Information...
Great sized property for sale in Guanacaste
- Size : 26,000m2
- Price: US$750,000
Enourmous lot for sale with excellent access to the beautiful beaches of; Samara, San Miguel, Carillo and Bejuco. Inland this lot is located in Nandayure in Guanacaste and is positioned as a commercial crossroads between all of these beaches. This could be ideal for a resort due to its location. More Information...
Large Lot with spectacular view of the Pacific Coastline
- Size: 6,000m2 (64,584 feet of land!)
- Price: US$17 per meter... US$100,000 in total
Excellent investment! Excellently located just 6km from the beaches nested between Caldera and Puntarenas, this picturesque property fulfills the dreams of all those wishing to build their home in a secure, safe location far from the sounds of the city.Situated in the quaint Costa Rican town Esparza, this lot is one of few left in this private residential area, a large section of which is going to remain protected and unspoiled for future generations to enjoy. More Information...
Prime Subdivided lot in Escazu
- Lot: 4000+ M2
- Price: US $440,000
This prime piece of property in Escazu provides outstanding views of the city and mountains. The lot is 4000 M2 and has been subdivided into 3 smaller parcels of land. Each lot has direct and private access to the road. This would be an ideal location for a family that wants to build together. This lot also could be developed into a large private estate if the buyer did not want to subdivide. More Information...
MAGNIFICENT OCEAN AND MOUNTAIN VIEW HOMESITES
- Size: 5,000 m2 (1,25 acres)
- Price: From US$65,000
Exclusive living in the Central Valley of Costa Rica with a spectacular ocean view, combined with great weather, open spaces, clean air, natural surroundings, and friendly neighbors, all at an affordable cost. This community is located just five minutes outside of San Ramon right off the main highway to the beach. More Information...
Papagayo Gulf Luxury Gated Community
Want to live in an Ocean view RESORT COMMUNITY? This is 45 acre development along the northwest Pacific Coast, in the Gulf of Papagayo overlooking the small paradise beach of Hermosa, Bahia Culebra, Peninsula de Papagayo, Playa Panama, Santa Rosa National Park and the world renowned resort Four Seasons. Ocean view lots and villas available. More information…
Titled Beach Front Lot in Mazanillo, Guanacaste
- Area: 0.53 acres (2,138 m2)
- Price: US$385,000
Fully title ocean front lot in Manzanillo Beach, Guanacaste. This lot is one of a kind, only 5% of the coastal land in Costa Rica is title the rest 95% is concession. Title properties are getting more and more rare to find in the market these days. There is no road between the beach and the lot! More Information...
Santa Ana Gated Eco-Residential
- Prices from US$75 m2 to US$120 for best views! Lots from 1,500 m2.
Santa Ana, just 5 minutes from Golf Course, 10 minutes from Multiplaza Mall, and CIMA Hospital as reference for location. Gated private luxury community with large individual lots and magnificent homes among blooming trees and bushes, spectacular views over Costa Rica's central valley and mountain ranges surrounded by a 20,000 acre nature reserve. More info
Vista al mar, the best view in town! Escazu panoramic view lot for sale
- Size: 13,000 m² (3,25 acres).
- Price: US$2,000,000
Excellent location in upscale residential with security and paved access, just 5 minutes from downtown Escazu, Multiplaza or Forum, and just 10 minutes from downtown San Jose. Splendid lot with unobstructed views from sunrise to sunset. Build your dreamed house in the best location of the Central Valley of Costa Rica. More Information...
Gulf View Development Panorama
- Land Size: 50 Acres (20 Hectares)
- Price: US$1,500,000
This 50 acre Gulf View Development property overlooks the winding waters of the Rio Coto and the blue waters of the Golfo Dulce in the Southern Pacific Zone. More information...
Beautiful Ocean view Lot
- Land: 6,511.63 m2 (70,065 sq.ft.)
- Sales Price: US$139,000
The drive in to the property is well maintained and services a number of existing homes. There are also a number of other undeveloped lots in the area, most of which have been sold. More Information...
Mountain and Jungle View Lot
- Land: 6,511.63 m2 (70,065 sq.ft.)
- Sales Price: US$96,000
Jungle and mountain view Lot in gated Community, I you are looking to live in a great home and get to nature watch this is the place for you. Lots of birds and monkeys go right by this ready to build lot. All the infrastructure is done. More Information...
7 Lot Package Deal near Dominical
- Land: 8 hectares (22 acres)
- Sales Price: US$185,000
A fantastic opportunity to acquire 7 lots in one enormously discounted package! These lots are all around 3 acres of property and have private road access to a flat building pad. The lots are segregated and could be sold off independently. More Information...
Stunning Ocean View lots in the Pacific Ocean
- Land: 5,000 m2 (53,800 sq.ft.)
- Owner financing available
- Sales Price: US$129,000
Introducing spacious home sites with the most amazing views of the Pacific Ocean... Close to a beach where hundreds of turtles come to lay their eggs every day! As a property owner you can enjoy the benefits of a private community that offers large plots, panoramic views of the Pacific Ocean and surrounding mountains. More Information...
Southern Zone Overlook
- Land size: 2.5 Hectares (6 acres)
- Price: US$120,000
This 12 Acre farm is perched high above the Southern Pacific Zone at 3500 feet in elevation. Expansive views include the Golfo Dulce, Volcan Baru, Northern Panama coastline, Talamanca Range, and more. More Information...
Ready for building, Eco Development Land with Ocean Views in Dominical
- Land: 33 hectares (81 acres)
- Sales Price: Reduced to US$1,820,000
The perfect ocean view eco-development land just above Playa Dominicalito in Escaleras. Teak, Cedar, Pochote, and Guadua Bamboo (the world’s strongest construction grade bamboo) are mature and ready to harvest on this semi-developed parcel of prime ocean view land above Dominicalito. More Information...
Dream Property for the Rich and Famous in Dominical
- Land: 21 hectares (54 acres)
- Sales Price: Reduced to US$1,667,000
The ultimate parcel of land for someone that requires absolute privacy and can afford the finer things in life!! Less than a 5 minute walk to the beach at Playa Gaupil at about 400 meters away and a few minute drive to Dominical about 2.5 kms away; yet a completely secluded feel with surrounding wild life preserves. More Information...
How Much Does an Acre of Land Cost?
How much an acre of land costs varies a lot by location, economic influences, and aesthetic appeal. According to the USDA, the average cost of farmland in the U.S. is $3,160 per acre, but that number quickly rises once you start looking at land in popular metro areas. Knowing the value of an acre is important, especially if you’re planning to buy a home and need to take out a mortgage.
Whether you’re planning to buy land or are just curious how much your current land is worth, keep reading for some valuable insight into how much an acre of land costs and what factors affect that cost.
How much does an acre of land cost?
So, how much is an acre of land going to set you back? Unfortunately, there’s no easy answer here as the cost varies greatly by location. If you have your heart set on a rural setting that is ideal for farming, the average cost is $3,160 per acre.
If you’re looking to put down roots in a popular metro area, whether in the heart of the city or in the suburbs, you’re going to need to pay a lot more. For example, in the New York, NY metro you should expect to pay around $5.2 million per acre. In the Los Angeles-Long Beach, CA metro get ready to pay a cool $2.6 million. Connecticut isn’t much cheaper, with an acre of land costing an average of $1.5 million in the Stamford-Norwalk, CT metro area.
It’s easy to see how much these prices vary when location comes into play. While some residential land in Yell County, Arkansas only costs $5,500, an acre in Kings County, New York (better known as Brooklyn), costs $23 million. Generally, land that is closer to major city centers costs more than land in rural or suburban areas. Coastal land is also typically more expensive than interior land.
Location isn’t the only influencing factor that land buyers should take into consideration. Economic activity plays a large role in how much land costs. The more job and education opportunities there are, alongside amenities like parks and health care facilities, the more an area is likely to cost. If a certain area hits a rough patch and businesses close and the local job market dips, then so do land prices.
Aesthetics also comes into play. Land that offers stunning views of an ocean, mountains, or foliage adds value to land for homebuyers. On a less pleasing note, environmental factors such as probability of natural disasters in the area or proximity to a chemical or nuclear power plant typically causes land to lose value.
How big is an acre?
A standard acre of land is 43,560 square feet. When it comes to farmland, an acre more specifically refers to land that is 660 feet long and 66 feet wide. It is hard to visualize what an acre of land looks like, so a good rule of thumb is to picture an American football field. While a football field is a bit larger than an acre, it’s an easy point of reference.
Where is land the most affordable?
If you have some flexibility on where to buy land, you may want to keep some of these more affordable spots in mind. The following five states are where you’ll find the most affordable land in America.
Value per acre: $1,558
2. New Mexico
Value per acre: $1,931
Value per acre: $2,116
4. South Dakota
Value per acre: $2,135
Value per acre: $2,283
Where is land the most expensive?
On the flip side, you may have an expansive budget and want to invest in land in one of the most expensive states in the country.
1. New Jersey
Value per acre: $196,410
2. Rhode Island
Value per acre: $133,730
Value per acre: $128,824
Value per acre: $102,214
Value per acre: $75,429
How do you find land to buy?
Searching for land to buy, versus an already built home, in a residential area is a bit intimidating. Unfortunately, you’re less likely to come across a for-sale sign and an open house when searching for empty land. You can still use real estate listing websites to search for land, but you may find better deals by working with a real estate agent that specializes in land purchases in the area or spreading the word around the community you have your eye on that you’re looking to buy some land.
Oftentimes, community members are the ticket to finding a great deal, so feel free to spread the word around town that you’re looking to buy land. You’ll still want to work with a real estate agent, as they are the best way to learn more about the area and any unique zoning challenges you need to look out for. They’ll also get you squared away when it comes time to put in an offer and close on a piece of land.
If you do happen to come across a piece of land that you are interested in purchasing while exploring the neighborhood and it appears vacant, it’s worth finding the owner in local tax records and inquiring if they’re willing to sell.
When you buy and list with Orchard, you skip showings, double moves, and double mortgages. Enter your address to get started.
Important questions to ask when buying land
Before you make an offer on a piece of land, it’s important to ask the right questions that will save you a lot of money, stress, and unpleasant surprises down the road.
How is the land zoned?
Before you make any land purchases, confirm the zoning with your local planning authority and make sure you’re clear about how the land can be used. The last thing you want is to buy land you intend to use for residential purposes, only to find you can only use it agriculturally or industrially. If you plan to build on the land, you’ll want to confirm where on the land you’re allowed to build structures. There may be restrictions on how far a home can be built from a property line or curb.
Are utility hookups available?
Does your land have access to vital utilities like water, sewer, and natural gas? If not, you’ll want a plan in place to overcome these challenges, such as building a septic tank. If you have to adjust, make sure the land can accommodate the changes you need to make. For example, if the land needs water access, you may need to haul water in if you aren’t allowed to drill a well because a private water company or a shared well agreement doesn’t allow it.
If you choose to go rural, you’ll want to confirm that there is strong enough cell and internet service to meet your needs.
How much will it cost to clear the land?
Clearing land is expensive, so you’ll want to get cost estimates from any contractors you may need to hire to ensure you budget appropriately. If there are structures on the land that need to be demolished, you should plan for both demolition work and debris removal.
How much time are you willing to commit?
Even before you buy a piece of land, you may have your work cut out for you. It may take years to get all of your ducks in a row when buying land and even more work is likely waiting for you post-purchase. Between permits, setting up utilities, doing surveys, securing financing, and building, you’ll likely have your hands full. Make sure you’re ready for that commitment.
How much it costs to buy an acre of land depends on your location of choice, amongst many other factors. Doing your research to make sure you’re getting enough bang for your buck is key!
Contributing Writer at Orchard
Jacqueline DeMarco is a freelance writer based in Southern California that works on editorial, copywriting, and content marketing projects. She’s worked with major brands like SoFi, St. John, Bankrate, The Everygirl, and many more.
Of cost land acres 4
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