Again, it’s all about the location and the demand of that location. Consider that an acre in Wyoming can cost just over $1,500 while an acre in New Jersey can run nearly $200,000. ![]() There are also huge ranges in that average, however. The average value of that land is around $12,000 per acre. In the continental United States (48 states), there are around 1.9 billion acres of land. Location plays the most important factor of all of the determinations going into land value. ![]() This means that the land is covered with either buildings or roads and that it is generally far more valuable than land that is undeveloped and far from civilization. For instance, if the land is sloped or flat, whether or not it is close to paved roads, or if utility services are easily accessible.īelieve it or not, only 6% or so of the land in the United States in developed. While there is no simple answer when determining what an acre is worth, there are some determining factors, particularly in the specifics of the location itself.
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