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How Much Is Land Per Acre In Tennessee? (Solved)

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.

  • An 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. Also asked, how much is land in TN?

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.

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.

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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 much is an acre of land worth 2021 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 it cost for 1 acre of land?

There are 1.9 billion acres of land in the contiguous 48 states, and the average value is about $12,000 per acre. However, this ranges from a low of $1,558 per acre in Wyoming to $196,410 for the average acre of land in New Jersey.

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.

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.

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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.

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.

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