In this video, Felicia talks about the cheapest place to buy land. If you’re looking for land for cheap land for sale near me, or the cheapest land in the US – we’ve made it easy for you! Check out the list here.
From the video:
Are you looking for affordable land for sale? Want to know which states are the cheapest to buy in?
My name is Felicia I’m a land investor and a partner at Compass Land USA.
We’ve bought and sold hundreds of properties across the US.
Today I’m going to share with you some of the cheapest states and counties you can buy land in 2022.
Something I want you to keep in mind before starting this process is you get what you pay for. Ok, so we might not be seeing the most beautiful land this country has to offer, we’re looking for the cheapest vacant land available. And normally, the cheapest land in the US will not have any utilities, it might not even have road access. Many Counties have zoning restrictions on what you can use the property for, too. You want to check that out before buying.
We have a land buying checklist of things to look at before you buy, I’ll put a link to that in the description here.
SPOILER ALERT!
The cheapest states turned out to be New Mexico, Arizona, and Mississippi.
There were a couple of other ones mixed in there like Colorado and California. But the vast majority of the results were in those top 3: Arizona, New Mexico, and Colorado.
So how did we determine this? Data. I’m actually an engineer, I have a couple of degrees in engineering, that’s my background before entering the real estate world, and I LOVE data.
So we went and parsed through several of the most dominant land listing websites including LandWatch, Land and Farm, Lands of America, LandFlip, and Zillow. We took the most recent price per acre data they had available and collected it here for easy pickings for you.
For acreage size, we chose to use 1 acre and 5 acres as examples. We had to choose a way to normalize across the websites and data provided. So we examined 1 acre and 5 acres. These also seem to be the most popular size requests from our customers (people who buy land from us) and I figured it would be the most helpful for you here.
Cheapest State to Buy 1 Acre of Land
Let’s jump right into it. Let’s go over the 1-acre results first, for the top 10 inexpensive states. So the cheapest place to get 1 acre of land turned out to be …
Torrance County NM
- Torrance County is located in the center of the state of New Mexico
- About 40 miles east of Albuquerque
- Total square miles: 3,345
- Nearby parks: Manzano Mountains State Park, Cibola National Forest, Fourth of July Campground
- Lowest price per 1 acre: $1,199
Cochise County AZ
- Located in the southeastern corner of AZ, along Mexico border
- About 40 miles southeast of Tucson
- Total square miles: 6,164
- Nearby parks: Chiricahua National Monument, Coronado National Forest, San Rafael State Natural Area
- Lowest price per 1 acre: $1,250
Luna County NM
- Located in the southwest of NM, along the Mexico border
- About 37 miles west of Las Cruces
- Total square miles: 2,965
- Nearby parks: San Andres National Wildlife Refuge, White Sands National Park, Mesilla Valley Bosque State Park
- Lowest price per 1 acre: $1,400
Socorro County NM
- Located in central NM
- About 57 miles south of Albuquerque
- Total square miles: 6,646
- Nearby parks: Sevilleta National Wildlife Refuge, Manzano Mountains State Park, Bosque Del Apache National Wildlife Refuge Visitor Center
- Lowest price per 1 acre: $1,500
Valencia County NM
- Located in the center of NM, south of Albuquerque
- About 15 miles south of Albuquerque
- Total square miles: 1,066
- Nearby parks: Manzano Mountains State Park, Cibola National Forest, Petroglyph National Monument
- Lowest price per 1 acre: $1,600
Mohave County AZ
- Mohave County is located in the northwestern corner of AZ, next to NV, CA, and UT borders
- Contains Kingman and Bullhead City
- Total square miles: 13,311
- Nearby parks: Grand Canyon-Parashant National Monument, Havasua National Wildlife Refuge, Hualapai Mountain Park Campground
- Lowest price per 1 acre: $2,500
Sandoval County NM
- Located in northern NM
- About 9 miles north of Albuquerque
- Total square miles: 3,710
- Nearby parks: Fenton Lake State Park, Cabezon Park, Santa Fe National Forest
- Lowest price per 1 acre: $2,999
Apache County AZ
- Apache County is located in the northeast corner of AZ
- About 11 miles east of Show Low, 8 miles east of Holbrook
- Total square miles: 11,197
- Nearby parks: Petrified Forest National Park, Fool Hollow Lake Recreation Area, Apache-Sitgreaves National Forest
- Lowest price per 1 acre: $3,000
Rankin County MS
- Located in the central part of MS
- Area east of Jackson
- Total square miles: 775
- Nearby parks: Pelahatchie Shore Park, Roosevelt State Park, LeFleur’s Bluff State Park
- Lowest price per 1 acre: $3,150
Navajo County AZ
- Eastern column, borders Utah on its northern border
- Contains Holbrook, Snowflake
- Total square miles: 9,949
- Nearby parks: Petrified Forest National Park, Apache-Sitgreaves National Forest, Coconino National Forest
- Lowest price per 1 acre: $3,299
Mississippi surprised me here. Last year I think we had Jasper County MS on the list, now it’s Rankin County. New Mexico isn’t a shocker. There’s a ton of cheap land there, so it’s not surprising it’s the most dominant state on the list. Desert squares are typically the cheapest type of land.
Another interesting point is that prices are on the rise. The cost per acre is higher than in 2021 and 2022. Maybe it’s because of inflation, or people are looking for a hedge against banking issues and a potential recession. I know we’ve had a few new customers who said they were looking for a place to park some cash besides the bank.
If you’re worried about this trend in increasing prices, I wouldn’t fret too much. You can still get into the land market with owner financing. Often you can do this without much hassle. For example, at Compass Land USA, we don’t do credit checks, or charge a prepayment fee.
Cheapest State to Buy 5 Acres of Land
Now let’s check out the 5 acre results, top 10, see if the pattern continues. The cheapest place to get 5 acres of land turned out to be …
Valencia County NM
- Located in the center of NM, south of Albuquerque
- About 15 miles south of Albuquerque
- Total square miles: 1,066
- Nearby parks: Manzano Mountains State Park, Cibola National Forest, Petroglyph National Monument
- Lowest price per 5 acres: $600
Costilla County CO
- Costilla County is located in the southwest of CO, along the NM border
- About 15 miles east of Alamosa
- Total square miles: 1,227
- Nearby parks: Great Sand Dunes National Park, San Luis State Wildlife Area, North Lake State Wildlife Area
- Lowest price per 5 acres: $3,500
Socorro County NM
- Located in central NM
- About 57 miles south of Albuquerque
- Total square miles: 6,646
- Nearby parks: Sevilleta National Wildlife Refuge, Manzano Mountains State Park, Bosque Del Apache National Wildlife Refuge Visitor Center
- Lowest price per 5 acres: $3,999
San Bernardino County CA
- Located in central NM
- About 31 miles east of Los Angeles
- Total square miles: 20,068
- Nearby parks: Joshua Tree National Park, Fairmount Park, Wildwood Canyon State Park
- Lowest price per 5 acres: $4,995
Park County CO
- Located in central CO
- About 40 miles southwest of Denver
- Total square miles: 2,193
- Nearby parks: Eleven Mile State Park, Spinney Mountain State Park, Pike National Forest
- Lowest price per 5 acres: $5,000
Apache County AZ
- Apache County is located in the northeast corner of AZ
- About 11 miles east of Show Low, 8 miles east of Holbrook
- Total square miles: 11,197
- Nearby parks: Petrified Forest National Park, Fool Hollow Lake Recreation Area, Apache-Sitgreaves National Forest
- Lowest price per 5 acres: $5,500
Kern County CA
- Located in the southern part of CA
- Contains Bakersfield
- Total square miles: 8,132
- Nearby parks: Red Rock Canyon State Park, Hart Park, Sequoia National Forest
- Lowest price per 5 acres: $5,900
Conejos County CO
- Located in the southwestern part of CO, along the NM border
- About 19 miles southwest of Alamosa
- Total square miles: 1,287
- Nearby parks: San Luis State Wildlife Area, Great Sand Dunes National Park, Rio Grande National Forest
- Lowest price per 5 acres: $5,999
Navajo County AZ
- Eastern column, borders Utah on its northern border
- Contains Holbrook, Snowflake
- Total square miles: 9,949
- Nearby parks: Petrified Forest National Park, Apache-Sitgreaves National Forest, Coconino National Forest
- Lowest price per 5 acres: $6,500
Mohave County AZ
- Mohave County is located in the northwestern corner of AZ, next to NV, CA, and UT borders
- Contains Kingman and Bullhead City
- Total square miles: 13,311
- Nearby parks: Grand Canyon-Parashant National Monument, Havasua National Wildlife Refuge, Hualapai Mountain Park Campground
- Lowest price per 5 acres: $6,500
One surprising thing here is that Texas and Florida didn’t show up at all. Maybe it’s because those 2 states have such a high amount of immigration right now?
So for both 1 acre and 5 acre plots, the cheapest states to buy land in 2023 are New Mexico, Arizona, Mississippi, followed by Colorado and California.
Some great news for you here is that at Compass Land USA, we do a lot of work in Colorado, and Arizona. So make sure you check out our website compasslandusa.com for all our current listings.
And if you’re interested in doing your own deep dive or research, you can check out those websites I mentioned earlier, I’ve included them throughout this post.
I hope you found this video helpful!
Please don’t forget to leave a comment, let me know if this was useful for you, leave a question – I’ll reply with your answer. And make sure you subscribe to our channel. We do lots of informative land buying videos like this as well as pretty cool customproperty tour videos.
Thank you so much for watching, and I’ll talk to you soon. 🙂
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