Statewide, an average acre of Tennessee land is worth $14,400, but it’s all about location. The average sales amount for a 251,911 square foot lot in one of Unicoi County’s prime locations is $59,408, according to FindAnyAnswer.com. Tennessee’s $14,400 per acre average cost compares to $12,100 in the lower 48 states.

• How much does 1 acre of land cost in TN? A n average acre of land was worth $14,400 in Tennessee, just higher than the $12,100 per acre in the lower 48 states. Like in other states, a large portion of Tennessee’s value came from its developed land, even though this accounted for less than 10% of the state’s land.

How much does an acre of land cost in Tennessee 2020?

tennessee Farmland Prices Over the last 20 years, the price of farmland per acre in tennessee has risen by an average of 3.3% per year to $3,990 per acre as of 2019. This represents an increase of $1,790 per acre of farmland over this time period.

How much does land cost in Tennessee?

23 acres in Dickson TN. for under $200,000! Nature lover’s dream less than one hour to downtown Nash Wow Wow Wow!!

How much does undeveloped land cost in Tennessee?

The combined market value of undeveloped land for sale in Tennessee is $2 billion, with the average price of undeveloped land for sale in being $210,092. Some common wildlife species to be found on undeveloped land for sale in Tennessee include whitetail deer, turkey, ducks, geese and dove.

Is it cheaper to buy land in Tennessee?

Even with a variety of attractions, land in Tennessee is relatively inexpensive. For instance, in Unicoi County, located in the state’s mountainous northeast, the average sales amount for a 251,911 square foot lot is $59,408. That’s only $0.37 per square foot.

How do you price an acre?

How to Calculate Cost Per Acre Averages

1. Add together the total “cost per acre” dollar amounts you have located.
2. Count the total number of “cost per acre” dollar amounts you found.
3. Divide the number you got when you added together the different dollar amounts by the total number of “cost per acre” dollar amounts.

How much is an acre of land 2021?

The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,380 per acre for 2021, up $220 per acre (7.0 percent) from 2020. The United States cropland value averaged $4,420 per acre, an increase of $320 per acre (7.8 percent) from the previous year.

How do I buy land in Tennessee?

Everything varies by county and state, but many of these tips cover any piece of land, no matter where it’s located.

1. Look at land in the fall.
2. Ask about easements and restrictions.
3. Get a survey.
4. Have a larger down payment.
5. Build in due diligence time.
6. Use a Realtor familiar with land sales.
7. Be prepared to wait.

What county in Tennessee has the cheapest land?

The cheapest county to live in is Van Buren County with a median home price of $98,000. There are 10 especially affordable cities with lots to offer in Tennessee, where many have relocated.

What state has the cheapest land per acre?

Tennessee, Arkansas, and West Virginia consistently rank as the cheapest places to buy residential land. Tennessee offers diverse geography, from mountains and lakes to acres of rural flat ground, and of course the iconic landmarks and attractions like Graceland and Nashville, the heart of country music.

Is it a good to buy land in Tennessee?

Great investment opportunities, large areas of forest land, rangeland, and 44% of the state’s land dedicated to agriculture all make for big reasons why Tennessee should be at the top of your list when looking to buy land.

Where is the best place to buy land in Tennessee?

Top 5 Best Real Estate Investment Markets in Tennessee

• Nashville, Tennessee. Definitely the most popular tourist destination in Tennessee, Nashville secured a spot as one of the best places to invest in real estate in 2018.
• Chattanooga, Tennessee.
• Murfreesboro, Tennessee.
• Knoxville, Tennessee.

Which state has the cheapest land to buy?

Arkansas, Tennessee, West Virginia are three of the cheapest places where you can buy cheap land. New Mexico and Arizona are popular places for retirees. If you are going to buy land make water and other utilities are available nearby. Land is the most illiquid form of real estate.