Just stumbled on something interesting - apparently back in 2023 there were still states with the cheapest land in the US where you could grab an acre for under $10k. Wild considering how crazy real estate has gotten. New Mexico was leading the pack at like $5,352 per acre, and Wyoming wasn't far behind. Even North Dakota was sitting pretty around $6,503 per acre. I know these are older numbers but it got me thinking about land as an actual investment versus always chasing residential properties. The cool part? You can find these states with the cheapest land mostly concentrated in the Midwest and South - places like Arkansas, Mississippi, New Mexico. One real estate expert mentioned he always tells clients to pick locations they'd actually want to use, like for hunting or just having a quiet getaway spot. Makes sense honestly. Mississippi had listings starting at like $1,500 for small wooded lots near lakes with fishing. North Dakota was offering buildable lots where water and sewer were already installed. Obviously prices have probably shifted since 2023, but the pattern of which states with the cheapest land remain affordable is probably similar. The appeal of land is it's basically passive - you're not dealing with tenant issues or major maintenance like you would with rentals. Wondering if anyone here has actually bought land in these cheaper states. How's that worked out?

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin