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Based on the work of economist William D. Larson, the overall value of the 1. 9 billion acres in the adjoining 48 states is nearly $23 trillion or about $12,000 an acre on average. The federal government's stake in this land, almost one-quarter of the acreage, is worth $1. 8 trillion.
24/7 Wall St. reviewed the estimated value of land in each of the contiguous 48 states utilizing information from Larson's 2015 research study, "New Estimates of Worth of Land of the United States."Nearly half of the land in the adjoining United States is used for farming the largest or among the largest industries in numerous states.
In total, according to the most recent estimate by the U.S. Department of Farming, farmland and agricultural buildings in the United States are worth a combined $200 billion-plus. Whether an acre of land is part of a vast farm or a dense city area, its value is primarily figured out by its usage.
0 trillion (4th greatest) $39,842 (11th most affordable) $214,000 (21st greatest) $31,923 $914 billion (6th highest) $51,841 (19th greatest) $181,200 (23rd most affordable) $32,077 $838 billion (8th greatest) $48,188 (23rd greatest) $144,200 (8th least expensive) $39,092 $3. 9 trillion (the greatest) $60,359 (7th highest) $509,400 (the greatest) $41,314 $1. 2 trillion (3rd highest) $65,220 (second highest) $314,500 (7th greatest) $57,692 $72 billion (2nd most affordable) $63,955 (4th highest) $252,800 (15th greatest) $75,429 $470 billion (15th highest) $56,375 (10th highest) $312,500 (8th greatest) $102,214 $517 billion (13th greatest) $66,500 (the greatest) $385,400 (second greatest) $128,824 $400 billion (18th greatest) $62,633 (5th highest) $273,100 (11th highest) $133,730 $90 billion (3rd most affordable) $48,314 (22nd highest) $257,800 (14th highest) $196,410 $930 billion (5th greatest) $56,776 (9th highest) $334,900 (5th highest)To identify the most (and least) important states, 24/7 Wall St.
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To create a detailed valuation of the 48 adjoining states, Larson's study, "New Estimates of Value of Land of the United States," provided a range of land worth designs for estimating land rates in 2009. More Details -per-capita figures came from the Bureau of Economic Analysis and are for 2017. The U.S.
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They also started construction of "Habitat Net No," a project that will turn 13 dilapidated homes formerly owned by the New York City City Real Estate Authority (NYCHA) into 16 green houses for budget-friendly homeownership. "This community represented the promise of a much better life for my family, and I am going to keep that pledge for generations of New Yorkers," stated.
