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06/19/07, 09:58 PM
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Join Date: Dec 2006
Location: Louisiana
Posts: 207
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So, what's an acre cost in your area?
I was just sitting here thinking about land and what it cost today, and I was wondering, "on average" what an acre of land costs in different areas of our great country. In this area of southwest Louisiana, an acre out of town suitable to build a home on will run $10,000 to $20,000. In a new subdivision down the street, and acre lot costs $70,000.
So, assuming it's in the country on a secondary road, say, ten to twenty miles from town, what's it worth today, and are you seeing property values go down any? Property values seem to be holding really well in this area.
Anyway, tell us what you think.
Dianne
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06/19/07, 10:12 PM
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proud to be pro-choice
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Join Date: Jun 2005
Location: a state in the 21st century
Posts: 2,689
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Hard to find 1 acre tracts - usually 1/4 to 1/2 or 5+ acres. A 1/2 acre (no city water or sewer) can run $65-125K. Upper end price usually has a creek or some woods, e.g. it wasn't in corn/beans the prior year. With things being "slow", you might find an acre for $125-150K.
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06/19/07, 10:17 PM
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Join Date: Dec 2003
Location: Central Washington
Posts: 1,194
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I was curious, so I just did a search for 1-5 acre parcels. Highest price is $1,425,000 for 1.44 acres in the Suncadia resort; cheapest is $75,000 for 1.27 acres. You can find 3 acre parcels for $50,000 an acre. 
__________________
Sometimes money costs too much.
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06/19/07, 10:21 PM
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Super Moderator
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Join Date: Aug 2003
Location: Alberta, Canada
Posts: 11,797
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Technically your question should bring on some broad answers. In my area, farmland sell with a per acre value which would be in excess of $6,000.00. An acreage also sells on a per acre or portion of per acre value and I've seen them go as high as $250,000.00 depending if it has a view of the mountains or some other perk. I would say that if one were looking for a few acres, as in an acreage, you could likely pick up something in the range of $80 - $100,000.00.
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06/19/07, 10:22 PM
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Join Date: Jul 2006
Location: Eastern North Carolina
Posts: 33,503
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I just bought 3 acres for $1650 an acre
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ΜΟΛΩΝ ΛΑΒΕ
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06/19/07, 10:25 PM
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Join Date: Mar 2006
Posts: 912
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They cut up quite a few farms into one acre lots the last few years. Most of them got final approval right before the market crashed. We are in one of the lower priced non-desert areas in Northern California.
14 months ago they would have easily sold for $150-175K. Today about $100K.
Last edited by LagoVistaFarm; 06/20/07 at 01:38 AM.
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06/20/07, 06:33 AM
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Join Date: Dec 2004
Location: North Carolina
Posts: 1,705
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I bought my place 8 years back for about $3600 an acre. The 18 acre tract next of me just sold for over $30,000 an acre and part of it is wetland.
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06/20/07, 06:44 AM
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In Remembrance
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Join Date: Jun 2002
Location: South Central Kansas
Posts: 11,076
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Ness county
Ness county, Kansas around the Utica area land is selling for about $90,000 per 160 acres of farmland. That's $562.50 per acre. The area receives about 20 inches of rainfall per year. Buffalo grass pastures are the rule.
I edit to add--It is pretty rare to find less than 160 acre parcels. Occasionally an 80 can be had.
Reno county, Kansas out in the county land seems to be selling for about $2,000 per acre when purchased in quarter sections which is 160 acres. Way further out it seems to go for less. Close in to Hutchinson probably in the $10,000 per acre range. I paid about $1500 per acre in 1994 for my close in 16 acres.
Last edited by Windy in Kansas; 06/20/07 at 06:47 AM.
Reason: additional info
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06/20/07, 07:27 AM
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Join Date: Dec 2003
Location: Ohio
Posts: 996
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I just sold a .92 acre lot with city water for $14k. That's NW Ohio and it took 3 years to get a buyer.
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06/20/07, 07:40 AM
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Living the dream.
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Join Date: Oct 2005
Location: Morganton, NC
Posts: 1,982
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Just paid 9,000/acre in Morganton, NC. It is running $75,000 an acre near our house in Matthews NC, right outside of Charlotte.
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06/20/07, 07:49 AM
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Join Date: Jun 2005
Location: NW Georgia
Posts: 7,205
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"Buildable" land in large tracts near the farm are going for $20-$30K per acre. There are plenty of instances in the city where people are paying $500K for a house on a 1/8 acre lot, and then tearing the house down to build a bigger one. I think the depression/recession in the local home construction market will tend to moderate prices over the next year, but generally the people still holding land are in no hurry to sale. Most of us are glad that things have slowed down a bit.
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06/20/07, 08:21 AM
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Banned
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Join Date: Feb 2007
Location: Texas
Posts: 2,370
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Quote:
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Originally Posted by Randy Rooster
I bought my place 8 years back for about $3600 an acre. The 18 acre tract next of me just sold for over $30,000 an acre and part of it is wetland.
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Wow! You must be VERY pleased. 
It ranges out here - we are somewhere betweeen droughty hill country and piney forests - but I'd say about $10-12,000 an acre seems average for empty land - around double that if there is a house on the land.
In the current realty listings for our county the high is a 75 acre parcel fronting to a state hwy for $5,717,250 ($76,000/acre) and the low is 10.43 sawmpy acres with deed restrictions, no buildings for $70,000. ($6700/acre)
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06/20/07, 08:40 AM
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Join Date: Oct 2004
Location: Western WA
Posts: 4,722
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The closest and most recent comparable to our place is the 2.5 acres on the other side of our road that sold one year ago for 2 million.
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06/20/07, 08:45 AM
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Join Date: Feb 2006
Location: MO
Posts: 914
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Average here in SW MO is $1500 per acre. When my father-in-law bought the farm we all live on back in 1998, he got it for $800 per acre.
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Rachel K
(and sometimes Matt)
Parents to Danial, Jacob, Isaac, Clara, Sarah Jo, and twins Emma and Anna born 12/18/2009!
http://www.jerseyknoll.com
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06/20/07, 08:52 AM
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This is my life
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Join Date: May 2007
Location: SC
Posts: 3,730
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Up the road they are selling 20 acre lots for $6000-$7000 an acre. 20 years ago we paid $360 an acre for our 15 acre lot, hows that for investment. It should be noted that the 2007 polo championship will be comming to the next big down over and lots of developers are hoping the horse peolpe will buy up their lots, so after that I expect the prices to go down again
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06/20/07, 08:53 AM
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Join Date: Sep 2006
Location: NW GA
Posts: 227
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$15-20k an acre wooded. $20k per acre in pasture. I've seen 30k an acre for land adjacent to WMA and with a nice trout stream on it.
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06/20/07, 09:32 AM
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crone
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Join Date: Sep 2004
Posts: 271
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Quote:
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Originally Posted by ZealYouthGuy
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Yes, that is the most frustrating thing.... it just don't seem right somehow.
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06/20/07, 09:45 AM
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Join Date: May 2002
Location: Maryland
Posts: 1,775
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A building lot averages $200,000 around here. That is down from what property was being listed for three years ago.
Paid $79,000 for 18 acres and $48,000 for improvements and the house in 1990; should list for about $500,000 now.
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06/20/07, 09:57 AM
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Banned
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Join Date: Jan 2007
Posts: 1,604
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In our area it's pretty high. A lot in a development will average around 170,000. yep.
A 5 acre piece will cost around 190,000 to 350,000. Depending on power access, view, road punch, if it has wetland laws etc.
I haven't seen any 1 acres advertised in the area for a long time. It's lot in a community or 5 acres around here.
We bought our 5 acres with community water, road to the site, and partial log off for 65,500 in 97. You can just imagine now. We can't afford to buy property in our oun area now.
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