If you want to buy land in the US that is valuable and not expensive, you have several great options.
Keep reading to learn about the best states to consider for land for sale.
Tennessee is a landlocked southern state that is best known for Nashville. This historic town is the center of country music and the Grand Ole Opry, as well as the Country Music Hall of Fame and many famous dance halls.
Another hot spot is Memphis, which is situated in southwest Tennessee. The Great Smokey Mountains offer wonderful places to take in views, hike, hunt, and fish. Another big reason to buy land here is there is no state income tax.
Even will all the attractions, land here is not expensive. For example, in Unicoi County in the northeast mountains, has lots of 251,000 square feet for $60,000. That is just .37 per square foot.
Arkansas is also known as the Natural State. It is on the border of the Mississippi River. It is well known for its fishing, hunting, hiking, golfing, mountain biking and boating. Here you can enjoy dense forests, lowlands, lakes, rivers, reservoirs, streams, and mountains
This state has a very low cost of living, a booming economy and a growing population. Affordable land here is located in Clay County in the NE part of the state. You can buy an 830,600 square foot lot for $43,000.
West Virginia is nestled in the Appalachian region and is called the Mountain State. Harpers Ferry in the NE part of the state where the Potomac River meets the Shenandoah is popular for tourists. This was the cite of the pre-Civil War raid by John Brown. The town there has an historic park, and many buildings are open to the public.
West Virginia’s economy is growing and the biggest business here is still coal mining; that is responsible for 98% of the state’s growth. There is still affordable land here. In Morgan County, about an hour from Harpers Ferry, you can buy a 277,000 square foot piece of land for $29,500.
New Mexico is called the Land of Enchantment. It boasts many beautiful landscapes, such as the Sangre de Cristo Mountains and the Chihuahuan Desert. The state capital, Santa Fe, is a popular place for tourists and also has beautiful colonial architecture and upscale luxury spas. This booming city is the home of the Georgia O’Keeffe Museum and the Santa Fe Opera.
The population of this state is growing and the economy is coming back. There is plenty of valuable vacant land here, with the typical price $1.96 per square foot.
This state is best-known for sunny weather and the fabulous Grand Canyon. Arizona is always popular with tourists who want to enjoy the beautiful southwest. It also is the sixth largest state in America with a growing population. The job market is also doing very well.
But you still can find inexpensive land here. Santa Cruz County in southern Arizona, has land for $1.77 with a typical sale at 91,000 square feet for $45,400.
Florida is one of the most popular tourist destinations in the country. Here you can have it all if you love the outdoors – the Everglades, Gulf of Mexico, Atlantic Ocean, Straits of Florida, Disney World, and much more. This state also is the home to 12 theme parks.
Miami Beach and South Beach is a glamorous area that is famous for its art deco structures, sandy beaches, trendy nightclubs and beachside hotels
If you want to buy land, you can get it for about .16 per square foot, with 189,000 square feet being the typical size.
The Bottom Line
You can find plenty of inexpensive land in one of the above states, it is important to remember that the purchase of raw land is a risky investment. This is especially the case for short-term investors. Raw land is relatively illiquid, meaning it can take a long time to sell land.
But if you plan to hold onto a piece of land for a long time and use it for camping, hiking, fishing, or hunting, it can be a nice place to visit with family and friends for years to come.
Before you buy a piece of land, you should talk to a skilled real estate agent who knows a lot about raw land in that part of the country. You should think about the expectations for growth in the next few years, zoning and building codes, topography and taxes related to owning the land. Also, you should check if you can access water and electricity easily if you want to build there someday. It’s also good to check about utilities if you ever want to see it.