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How much does one acre sell for?

Published in Land Value by State 2 mins read

The price of one acre of land varies significantly depending on its location and other factors, typically ranging from thousands to over a hundred thousand dollars per acre.

Land values are influenced by a multitude of factors, including geographical location, proximity to urban centers, intended use (agricultural, residential, commercial), zoning regulations, accessibility, and the presence of natural resources or infrastructure. Therefore, there isn't a single universal price for an acre of land; rather, it's determined by the specific market conditions in a given area.

Average Land Prices Per Acre by State

Here are some examples of average land prices per acre in various states, illustrating the wide range of values across different regions:

State Per Acre
California $24,599
Colorado $12,606
Connecticut $31,259
Delaware $107,524

Note: These figures represent an average and actual prices can vary significantly based on specific property characteristics and market demand.

Factors Influencing Land Value

Understanding what drives land prices can help in assessing potential investments or sales. Key factors include:

  • Location: Land in highly desirable areas, such as those near major cities, coastlines, or popular recreational spots, typically commands higher prices.
  • Zoning and Permitting: The legal classification of land (e.g., residential, commercial, industrial, agricultural) and the ease of obtaining permits for development heavily influence its potential use and value.
  • Accessibility and Infrastructure: Proximity to roads, utilities (water, sewer, electricity), and other essential services can significantly increase land value.
  • Topography and Natural Features: Flat, buildable land is often more valuable than sloped or irregular terrain. Access to water bodies, forests, or scenic views can also boost prices.
  • Market Demand: Local economic conditions, population growth, and the overall supply and demand for land in a specific area play a crucial role in pricing.