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Rice/,soybean land here in my area starts at 5k/acre and goes up. On my other farm 180 miles north it starts around 5.6k/acre. And it goes higher every few years.

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This is one of those threads that is totally meaningless - unless the state and area are mentioned there is absolutely no way to have any idea of how to make a comparison.

For instance - I live in Idaho and I can guarantee you that an acre of land in, or near, Sun Valley is worth a lot more than an acre of land near Shoshone, Idaho.

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Originally Posted by drover
This is one of those threads that is totally meaningless - unless the state and area are mentioned there is absolutely no way to have any idea of how to make a comparison.

For instance - I live in Idaho and I can guarantee you that an acre of land in, or near, Sun Valley is worth a lot more than an acre of land near Shoshone, Idaho.

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Originally Posted by drover
This is one of those threads that is totally meaningless - unless the state and area are mentioned there is absolutely no way to have any idea of how to make a comparison.

For instance - I live in Idaho and I can guarantee you that an acre of land in, or near, Sun Valley is worth a lot more than an acre of land near Shoshone, Idaho.

drover


Totally fair.

How much is 100 acres in Sun Valley? Forty Acres? 20 acres?

Per acre price.

Same with Shoshone?

High-end and low-end are completely relevant for many.

Some low end land still has value because of timber, crops or minerals.

Some high-end land comes with a homeowners association, higher taxes but there will be a Starbucks within 5 miles.


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Buildable timbered acreage here (Far NW Illinois) sells for ~20-40K per acre. My FIL's 2 farms sold a year or so ago for 10K and 9.5K per acre for the home place and west farm respectively.

A buddy 40 miles west of me in Iowa sold some Wapsi river tillable bottom ground for 16.5K per...


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Just thankful that we bought our properties in north Idaho in 2005 and 2008. Crazy up there these days and about the same here in the Texas Hill Country. All moot for us as we aren't selling and the boys will get it in the end.


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Originally Posted by kingston
Originally Posted by stxhunter
Originally Posted by wabigoon
13,000 an acre for good Sac county farm land, 140 acres. only $196,000,000.00 whistle

1,820,000


Looks like Wabi's keyboard is broke again.


The practical diff between 1.8M and 196M for most of us is nil


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I forget how big it was, my wife, and I owned some land near Sandpoint for a short time, $40,000.

Last edited by wabigoon; 02/27/21.

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South Central Upper Peninsula of Michigan.

$750-1000 per acre on land with no buildings. If it has access to power, slightly more but not much. It’s a great deal but other people are figuring it out.


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Sam's g-ma has old lake front that's at least $10k/ft.


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Depends... location location location. Buying multiple acres (100+) I doubt anything around me can be had for under 5k per acre. Hill county will command 10k on up. If there's live water... it can get quite pricey. Seen home lots for 45k or more. It's absolutely insane. And it continues to rise with the influx of Californians and the like...

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I’m in rural north Florida about 25 miles outside of Jacksonville. The land my single wide mobile home sits on has tripled in value in the last two years. I paid $28500 for the land and damaged double wide worth $3000. I sold the double wide off it for $3000. It stayed pretty flat in value for three years but starting about a year and a half ago prices skyrocketed. My friend is a real estate agent and I asked her what she thought she could get for my place at Christmas time and she said at least $75,000 for the 3.68 acres and whatever I could for the mobile home. Probably another $5000. County has it valued at over $100,000 so it might be worth more.


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There's acres around here valued over $40k that were under forty cents 90 years ago. Totally irrelevant as are most such discussions without qualifiers. IIRC what we're on is valued in the mid 30s as it is readily developable.


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Median home price $1,779,388 for my city of 25,000 in the suburbs of Seattle.
The city is appraising almost all the value on the land, which are 1/4 acres.
That calculates to ~~$6M/acre. That is government fantasy. The market price would be more like $4M/acre.

The city building department adds so much cost to building a new house, that typically all an old house is torn down but the rear foundation wall, and it is called a "remodel".

10 years ago it took $30k in permits for my neigbor to repair his house after it was hit by a tree. Imagine what they would charge now.



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Originally Posted by Clarkm
Median home price $1,779,388 for my city of 25,000 in the suburbs of Seattle.
The city is appraising almost all the value on the land, which are 1/4 acres.
That calculates to ~~$6M/acre


Damn, $1.8 median...$6 million/ acre.....yikes.

It's nowhere near that here.

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This place near us is going for 60K per. 11.89 acres. Epic view lot.

https://www.zillow.com/homedetails/35921-SW-Bald-Peak-Rd-Hillsboro-OR-97123/2081274639_zpid/


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I don't put much stock in Zillow! Last year wife and I were looking at land in the north part of our county! She says hey when did you list our home on zillow, of course I hadn't! But there it was, pictures of the house from street sides. We live on a corner, with half acre on the edge of town. They had a 495,000 price tag showing! It took almost a month to get it pulled from their phoney site! Anyone else seen this with Zillow?

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This ones for real. I drive past it all the time.


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Originally Posted by Heym06
I don't put much stock in Zillow! Last year wife and I were looking at land in the north part of our county! She says hey when did you list our home on zillow, of course I hadn't! But there it was, pictures of the house from street sides. We live on a corner, with half acre on the edge of town. They had a 495,000 price tag showing! It took almost a month to get it pulled from their phoney site! Anyone else seen this with Zillow?


I think most properties show up on Zillow with their estimated value, my does, if you read closer is says off market.... in fine print of course. Can't hide in the new information age


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1500 acre ranch in the middle of town need me is being sold by the square foot. $1 billion for 637 acres. $1.5 million an acre

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