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  • Writer's pictureRealFacts Editorial Team

Top States to Invest in Land: A Guide to the Best Locations in the USA in 2024


Land

Investing in land in the United States is a strategic move that requires careful consideration of various factors such as land availability and cost, local economy and job market, tax rates, quality of schools and amenities, and climate. Here's a guide to some of the best states for buying land, offering unique opportunities and advantages for investors.


Oregon: A Blend of Beauty and Opportunity


Oregon, with its diverse landscapes that range from coastal areas to lush forests and fertile farmlands, stands out as an attractive option for land investment. The state's economy is robust and varied, driven by agriculture, manufacturing, and service industries. While the cost of living is higher than the national average, it remains lower than in many other parts of the country. The average price for land in Oregon is around $6,503 per acre, making it a competitive market for those looking to invest in agricultural or metropolitan areas.


Arizona: The Land of Sun and Growth


Known for its striking desert landscapes and vibrant economy, Arizona offers a lower cost of living than the national average. Tourism, manufacturing, and technology sectors bolster the state's economy. With an average land price of $4,328 per acre, Arizona provides affordable investment opportunities, whether for residential development or commercial use.


Florida: Sunshine and Investment Potential


Florida's warm climate and stunning beaches make it a highly desirable location. The state's robust economy is driven by tourism, real estate, and agriculture. Although the cost of living is higher than the national average, especially in urban areas, the investment potential is significant. The average price for land in Florida is $28,961 per acre, reflecting its high demand and premium status.


Utah: A Diverse Landscape with Strong Economic Foundations


Utah's diverse landscapes, which include mountains, forests, and arid deserts, are complemented by a strong economy that mixes agriculture, manufacturing, and service industries. The cost of living is lower than the national average, making Utah an attractive place for investment. The average land price here is $4,664 per acre, offering affordable opportunities for various types of land development.


Texas: The Land of Opportunity


Texas, the second-largest state in the U.S., offers a vast array of land types, from expansive ranches to fertile farmlands. Its economy, driven by oil and gas, agriculture, and manufacturing, is robust and resilient. With a cost of living below the national average and an average land price of $7,542 per acre, Texas presents a compelling case for land investment.


Nevada: Affordable and Promising


Nevada is renowned for its desert landscapes and booming tourism industry. The state's economy thrives on gaming, tourism, and mining. The cost of living is generally lower than the national average, making Nevada a profitable place to buy land. The average land price is $2,116 per acre, primarily in rural and commercial areas, providing affordable options for investors.


Idaho: Natural Beauty and Economic Stability


Idaho's natural beauty and outdoor recreational opportunities are complemented by a strong economy that mixes agriculture, manufacturing, and service industries. With a cost of living lower than the national average, Idaho is an affordable place to buy land. The average price is $3,435 per acre, making it ideal for those looking to invest in farmland or residential development.


Kentucky: Affordable and Culturally Rich


Kentucky, known for its rolling hills and expansive forests, offers a robust and varied economy that includes agriculture, manufacturing, and services. The cost of living is notably lower than the national average, making it an attractive and affordable location for purchasing land. The average price is $7,209 per acre, providing a promising opportunity for investment and development.


New Mexico: Vast and Affordable


New Mexico's varied climate and topography, ranging from forested mountains to rocky deserts, make it a unique location for land investment. With more than 48% of land owned by the Federal Government, there is ample public land available for purchase at cheap prices. The average land price is $1,420 per acre, making it one of the most affordable states for land investment.


Missouri: Scenic and Economically Strong


Missouri, known for its strong economy and affordable cost of living, offers scenic and affordable recreational or agricultural lands. Home values have risen significantly in recent years, reflecting the state's growth potential. The average price of land is approximately $8,618 per acre, making it a promising option for investment.

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