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If you've always dreamed of being a landowner but are intimidated by the prices, you're in luck. There are several states in the U.S. where you can pursue your dream for under $10,000 per acre. I ...
They averaged $108,100 in 2021, according to data from the Census Bureau, and they can be placed almost anywhere: You can buy your own land or rent a lot in a manufactured-home community.
U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$; 1 Hawaii $839,013
View: 7 Safest and Cheapest Cities to Live in Florida Learn More: Pocket an Extra $400 a Month With This Simple Hack In descending order, check out the 10 cheapest U.S. housing markets in 2023 .
But to encourage more sales and make them more affordable, Congress also reduced both the minimum price (from $2.00 to $1.25 (equivalent to $27 in 2023 [1]) per acre ($495 to $309/km 2)) and the minimum size of a standard tract (from 160 to 80 acres (647,000 to 324,000 m 2)). The minimum full payment now amounted to $100, rather than $320. [2]
In the United States, the purchase of rural land or raw acreage is generally for investment purposes, although some buyers intend to build a home and reside there. Often without standard utility services provided by a metropolitan municipality readily available, individuals have the responsibility to install methods of achieving a regulated standard of living.
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