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Cost Min $5,000 $10,000 $15,000 $20,000 $25,000 $50,000 $75,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $950,000 $1,000,000 $1,100,000 $1,200,000 $1,250,000 $1,400,000 $1,500,000 $1,600,000 $1,700,000 $1,750,000 $1,800,000 $1,900,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,500,000 $4,000,000 $5,000,000 $10,000,000 $20,000,000 Max $5,000 $10,000 $15,000 $20,000 $25,000 $50,000 $75,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $950,000 $1,000,000 $1,100,000 $1,200,000 $1,250,000 $1,400,000 $1,500,000 $1,600,000 $1,700,000 $1,750,000 $1,800,000 $1,900,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,500,000 $4,000,000 $5,000,000 $10,000,000 $20,000,000 Apply.

Homeownership is a foundation of the American Dream. However as of 2020, the United States had a supply lack of 3. 8 million homes making own a home just out of reach for numerous. This home shortage, integrated with low rates of interest and workers having more flexibility in housing place, has actually led to a boom in house structure.

Nevertheless, much like house rates differ by state, so too does the price of land. We examined the data to find the states with the most (and least) inexpensive land by acre. The results? Some states have land pricey enough to purchase a simple starter in other parts of the nation.

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Tiny, largely jam-packed New Jersey will set buyers back the most at a sky-high $196,410. Where should buyers try to find more economical land? They should go west (but not too far west.) In truth, the overlap in between states with more cows than people and states with the least expensive land is strong.

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HOW WE DETERMINED THIS This one was relatively basic. To discover how much an acre of land costs in each state, we evaluated the estimated typical land value for each state from an April 2015 working paper by William Larson for the Bureau of Economic Analysis, New Price Quotes of Worth of Land of the United States." In  More Details  presents a variety of land value models for estimating land costs in 2009.

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It looks at both industrial and domestic values. Regrettably, Alabama, Alaska, and Hawaii were excluded from this study. Do Not Get Too Excited While the low sticker price might have you prepared to build your own Mc, Estate, don't get too thrilled right now. For one thing, these are typical rates.