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Just found out there are way more states with cheapest land than I thought, and some of these prices are actually insane. Like, you can literally get half an acre in New Mexico for $750? That's wild. I was looking into buying some land as an investment and apparently Wyoming and New Mexico have the best per-acre prices if you're serious about it, both under $5,500 per acre. Montana's also pretty solid around $7,800 per acre. Even in states with cheapest land like North Dakota and Kansas, you're looking at under $7,500 per acre which honestly seems doable if you're patient.
The thing that surprised me most is how different the cheapest listings are across these states. Like in West Virginia you can get a golf course lot for literally $100 (though it's only a quarter acre), but in Montana the cheapest I found was $5,000 for a tiny residential plot. Mississippi and Alaska are also on the list but the prices are higher than the other states with cheapest land I mentioned. A real estate guy I read said the Midwest and Southern states tend to have better values, and looking at the data he's kind of right.
Obviously these are older prices from a few years back, but the general trend probably still holds. If you're thinking about land as an investment, apparently it's pretty solid because it's low maintenance, you can't make more of it, and it tends to hedge against inflation. Some people just buy it as a hunting lease or family retreat too. Definitely worth checking out if you've got the capital sitting around.