9 Easy Facts About Portland, ME Land for Sale & Real Estate - realtor.com® Shown

Rate Min $5,000 $10,000 $15,000 $20,000 $25,000 $50,000 $75,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $950,000 $1,000,000 $1,100,000 $1,200,000 $1,250,000 $1,400,000 $1,500,000 $1,600,000 $1,700,000 $1,750,000 $1,800,000 $1,900,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,500,000 $4,000,000 $5,000,000 $10,000,000 $20,000,000 Max $5,000 $10,000 $15,000 $20,000 $25,000 $50,000 $75,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $950,000 $1,000,000 $1,100,000 $1,200,000 $1,250,000 $1,400,000 $1,500,000 $1,600,000 $1,700,000 $1,750,000 $1,800,000 $1,900,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,500,000 $4,000,000 $5,000,000 $10,000,000 $20,000,000 Apply.

Homeownership is a foundation of the American Dream. However as of 2020, the United States had a supply shortage of 3. 8 million houses making own a home simply out of reach for many. This Site , integrated with low rate of interest and employees having more versatility in housing location, has resulted in a boom in house structure.

Nevertheless, much like house costs differ by state, so too does the rate of land. We analyzed the data to discover the states with the most (and least) cost effective land by acre. The outcomes? Some states have land pricey sufficient to buy a simple starter in other parts of the country.

Tiny, largely packed New Jersey will set purchasers back the most at a sky-high $196,410. Where should purchasers try to find more affordable land? They need to go west (however not too far west.) In fact, the overlap between states with more cows than people and states with the most affordable land is strong.

HOW WE DETERMINED THIS This one was fairly easy. To discover just how much an acre of land expenses in each state, we reviewed the estimated average land worth for each state from an April 2015 working paper by William Larson for the Bureau of Economic Analysis, New Price Quotes of Value of Land of the United States." In this Larson presents a variety of land worth models for approximating land costs in 2009.

It takes a look at both industrial and residential values. Sadly, Alabama, Alaska, and Hawaii were left out from this study. Do Not Get Too Excited While the low sticker rate may have you ready to construct your own Mc, Mansion, don't get too excited right now. For something, these are typical rates.