Categories Tennessee

How Much Is An Acre Of Land In Tennessee? (TOP 5 Tips)

  • How much is an acre of land worth in Tennessee 2019? 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 an acre of land cost in Tennessee?

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 land cost in Tennessee?

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.

You might be interested:  Who Wrote Tennessee Whiskey Song? (Solution)

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 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.

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.

Is land expensive in Tennessee?

With tens of thousands of properties and rural land for sale in the state, LandWatch features a combined 390,425 acres of land for sale in the state. The average price of land listings for sale in Tennessee is $331,617.

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.
You might be interested:  What Tint Is Legal In Tennessee? (Solution)

What state is land the cheapest?

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.

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.

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.

Where is the cheapest place to buy land in the US?

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.

1 звезда2 звезды3 звезды4 звезды5 звезд (нет голосов)
Loading...

Leave a Reply

Your email address will not be published. Required fields are marked *