How much is land in your locale??

stmiller2 · May 26, 2003

The USDA reports land values at this site. The reported values are averages and obscure a of lot variation within states.

Anonymous Poster · May 26, 2003

When I decide to retire, I'm moving to NM. I always liked that area anyway.

Anonymous Poster · May 26, 2003

I'm further West than BradK, about 45 miles inland. Prices drop in Florida the further away from the coast you get. I paid $36,000 for 5 acres of dry land (nothing is high in Florida), or $7,200 per acre. Larger properties can be less; smaller more. The 2-1/2 acres directly behind me have an asking price of $25,000.

My property is on the state highway and has some traffic noise. Further back on the cul-de-sac off the highway, with more privacy, prices go up to about $10K/acre for 5 acres.

Directly aross the highway from me are several square miles of cattle pasture (640 acres per sq mi); BradK can correct me because he's an appraiser, but I'm pretty sure that sort of thing can be purchased for ~$1K-$2K/acre.

Alan L. · May 26, 2003

I live in southern Grayson County, Texas. There really aren't many small tracts available. Building sites of 3 acres or so are $50,000 - $60,000. One acre lots are $22,000 to $50,000 depending on terrain, trees, creeks, etc. There are rare 10-acre tracts for $7,000 or $8,000 an acre and up.

Further west a few miles, there are 5-acre tracts with water for as little as $5,000 an acre - flat and no trees. I have 24 acres in this western area, but have trees and a creek. Gave a little over $3000 an acre in 1998, but is probably $5000 an acre or more now.

There were 100 acre tracts sold maybe 5 years ago for as little as $1800 an acre, but they are now double that, at least, for large tracts.

Small half-acre lots are at least $17,000 in all the developments I know about.

This area is 50 miles from the middle of Dallas, but growth has almost reached us.

Anonymous Poster · May 26, 2003

Yep, the further you go east from the interstate or west from the coast the better the prices get. We had to go inland sixty miles from Tampa to find something we could afford. Plus it was broken down, 12 acres of oranges at 3500.00 per care, seven acres unimproved (woods and wetland) 2000.00 an acre and pasture 2500.00 an acre.

JDGREEN4ME · May 26, 2003

Two years ago we spent around 24K for 5 acres with frontage on Seneca lake. We currently live outside of Philly where land is going by us for 30K a half acre, some higher very little lower. /forums/images/graemlins/blush.gif

BigDave · May 26, 2003

We paid 30K/acre for 5 acres, but that's way out here in the country. Near my work(30mi), it is more than double that rate. That's for semi-rural land - in proper developments they are selling postage stamps (1/5-1/4 acre lots) for $50-60K.

Haz · May 27, 2003

In Northeast PA, prices are increasing in the Pocono mountains from an influx of people from NJ and NY. They are used to paying higher prices. They range from $5,000 - 10,000 per acre depending on size and most of the parcels are wooded and very rocky. If you go further west along I-80 prices drop considerably down to about $1,500 -2,000 per acre. Crop land or pasture land is generally more in demand and can sell for about $1,000 more per acre than wooded land.

Anonymous Poster · May 27, 2003

</font><font color="blue" class="small">( Hey Dean, Where in Canada are you from? )</font>

Howdy Paul...I was born in Brantford, Ontario (home of Gretzky, eh) /forums/images/graemlins/wink.gif and lived in Toronto 13 years.

Whereabouts in SW Quebec are you?

Anonymous Poster · May 27, 2003

Out here in Little Dixie you can buy large (80+acres) for around 500-1000/acre. I gave $25K for 13.8 acres with highway frontage, pond and natural gas access(way cheaper than propane). Most smaller parcels are 1000 - 2000/acre. A freind of mine just sold his 35 acres with 3 BR house, small shop building two ponds and cross fencing for $141,000. Land up in the Kiamichi mountains is cheaper, but usually has less utility.