Ohio Rural Land for Sale - 961 Properties (2024)

FAQs

Where is the cheapest place to buy rural land? ›

The cheapest land in the United States is located in New Mexico, Arizona, Michigan, Colorado, and Texas. However, it's important to note that the price per acre of a piece of property is dependent on several factors, including location and the type of land.

According to the World Population Review, the average price for an acre of land in Ohio is around $32,000. However, the average cost per acre for farmland in Ohio is around $7,200, which brings down the overall average.

Unlike other investments of value, buying land is often a safe investment. Land is a limited resource, has permanence, and appreciates in value. In fact, land won't depreciate, even raw and undeveloped land. Buying land in Ohio offers myriad uses if you follow zoning regulations.

This upward trend in land values reflects the state's robust agricultural sector and growing real estate market. Ohio's diverse landscape, ranging from fertile farmland to scenic woodlands, offers a variety of options for land buyers.

Rural land ownership offers significant tax savings.

Some are reductions or deferrals in property taxes, capital gains tax exemptions, and deductions for land maintenance and improvements, helping wealthy investors to increase their financial security and prosperity.

Arizona. A desert climate will be a challenge, but not an impossibility, for growing your own crops and farming the land. It's one of the cheapest (if not the cheapest) of all 50 states to buy land in, but you'll need to check whether the specific location you might have in mind actually allows for homestead building.

96 Houses. Throughout the US, single-family homes size vary depending on the state, city, and town, as certain living environments may restrict how much space one household can use. However, the median size of a family house is 2,261 square feet or 0.05 acres. So, on a 5-acre parcel, you could fit 96 homes.

Average cropland rented for an average of $221 per acre in 2022 according to survey results. Average cropland is expected to rent for $233 per acre in 2023 which amounts to a 5.7 percent increase in cash rent year-over-year.

On lots less than five acres, they can regulate buildings or structures as to size, setback in height, and then on lots that are less than five acres or at least 35% of the lots have been developed, they can regulate livestock and poultry.

If a building or structure is directly related to an agricultural activity on the same parcel of land, then Ohio zoning law does not allow a county or township to require a zoning certificate or prohibit the construction or use of the building.

Is buying land smarter than buying a house? ›

Higher Resale Value

When deciding whether to buy a land vs. house for investment, it is important to consider its potential for its higher resale value. On this note, it is necessary to keep in mind that a plot of land is typically easier to sell than a home.

With over 150,000 acres of land, Escanaba Timber, LLC is Ohio's largest private land owner.

You pay real estate taxes on the assessed value (35% of the property's appraised value) of your property. The assessed value of the property multiplied by the effective tax rate of voted levies equals the amount owed.

The ten states with the cheapest land are Arizona, New Mexico, Mississippi, Colorado, Arkansas, New York, Missouri, Oregon, Alabama, and Michigan. Arizona is the cheapest state to buy land with a median price of $4,164 per acre.

Investing in agricultural land can be a great opportunity to capitalize on the current market, with some states offering highly affordable farmland. North Dakota and Wyoming are two of the most cost-effective states for farming land, followed by Alabama and Kentucky.

What is the average price per acre of land in New Mexico? The average price per acre of land across New Mexico is approximately $1,420. However, prices vary greatly by county and local market factors. In rural areas, prices range from $500 - $3,000 per acre typically.