Cheapest Land By State

Whether it's to build a dream home, start a new business, create a farm, invest, or simply preserve nature's beauty, buying land is a significant decision. Factors such as location, zoning, build restrictions, environmental hazards, and access to utilities must be considered. Most importantly, the cost needs to be factored in, as the price of land can vary substantially from one state to another. Understanding these costs, directly tied to the median price per acre, can offer prospective buyers substantial insight into their decision-making process.

• The Southwest seems to be a significant hotspot for cheap land. Arizona tops the list with the lowest median price per acre, at $4,164, followed closely by New Mexico at $6,000. 
• The Midwest also offers relatively affordable land, with states like Missouri, Arkansas, and Oklahoma all falling within the 15 cheapest states.
• Conversely, the Northeast has some of the most expensive land in the country. In fact, all of the top five most expensive states for per-acre land cost are located in this region, with Rhode Island demanding the highest median price at a staggering $350,374 per acre.
• Interestingly, California, known for its expensive real estate, has a median price per acre sitting at $19,965, making it cheaper than 38 other states.
• States with characteristics such as high population density, like New Jersey and Connecticut, or isolated location, like Hawaii, also command high land prices.