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Just stumbled on something interesting - apparently there are still states with cheapest land where you can grab an acre for way less than I thought. Like, New Mexico is going for around $5,352 per acre on average, and Wyoming's even cheaper at $5,597. That's wild compared to coastal prices.
The whole thing got me thinking about land as an actual investment, not just a lifestyle thing. Someone quoted in this says land can't be manufactured like stocks or crypto, so it's got that hedge against inflation angle. Makes sense why people in the Midwest and Southern states with cheapest land are snapping stuff up - Arkansas, Mississippi, that region.
I was reading about some specific listings too. Like you can get half an acre in New Mexico for $750, or a small wooded lot in Mississippi for $1,500. North Dakota's got some ready-to-build plots around $12k for a fifth of an acre. The data's from 2023 so prices might've shifted, but the idea's still there.
The states with cheapest land seem to be your Wyomings, New Mexicos, North Dakotas, and Montanas if you're actually serious about it. Not sure if I'm ready to pull the trigger on something like this, but it's definitely on my radar now. Anyone here actually own land as an investment?