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Price Min $5,000 $10,000 $15,000 $20,000 $25,000 $50,000 $75,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $950,000 $1,000,000 $1,100,000 $1,200,000 $1,250,000 $1,400,000 $1,500,000 $1,600,000 $1,700,000 $1,750,000 $1,800,000 $1,900,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,500,000 $4,000,000 $5,000,000 $10,000,000 $20,000,000 Max $5,000 $10,000 $15,000 $20,000 $25,000 $50,000 $75,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $950,000 $1,000,000 $1,100,000 $1,200,000 $1,250,000 $1,400,000 $1,500,000 $1,600,000 $1,700,000 $1,750,000 $1,800,000 $1,900,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,500,000 $4,000,000 $5,000,000 $10,000,000 $20,000,000 Apply.
Homeownership is a cornerstone of the American Dream. Nevertheless since 2020, the United States had a supply shortage of 3. 8 million homes making own a home merely out of reach for many. This home shortage, combined with low rate of interest and workers having more flexibility in real estate place, has actually caused a boom in home building.
However, similar to house costs differ by state, so too does the rate of land. We analyzed the information to find the states with the most (and least) cost effective land by acre. The results? Some states have land expensive enough to purchase a simple starter in other parts of the nation.
Examine This Report on Middlebury College Acquires Land for Affordable and
Tiny, densely packed New Jersey will set purchasers back the most at a sky-high $196,410. Where should purchasers search for more inexpensive land? They need to go west (but not too far west.) In truth, the overlap between states with more cows than individuals and states with the cheapest land is strong.
HOW WE DETERMINED THIS This one was fairly basic. To find out just how much an acre of land costs in each state, we reviewed the estimated average land worth for each state from an April 2015 working paper by William Larson for the Bureau of Economic Analysis, New Estimates of Value of Land of the United States." In this Larson provides a series of land value models for estimating land prices in 2009.
It looks at both industrial and domestic values. Unfortunately, This Is Cool , Alaska, and Hawaii were omitted from this study. Don't Get Too Excited While the low sticker cost might have you ready to build your own Mc, Mansion, don't get too thrilled just yet. For something, these are average prices.
