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This might make for an interesting discussion...

LuckyDuck

Old Salt
Full Member
Minuteman
  • Nov 4, 2020
    2,889
    9,423
    Pennsylvania
    Looks like I used a similar thread title previously with regards to who had keys to your house...

    Well this one isn't too far from that topic either but thought it might be an interesting chat nevertheless.

    The question for the thread is- how much is the going rate for an acre of land where you live. You don't need to share (1) where you live, (2) how much land you own, (3) what you paid when you acquired it. Those might all make for a good conversation but just reckon that while there's a lot of factors that unite the posters here, real estate is wildly fickle.

    To start the conversation off- I'll first acknowledge that with the new house I still don't own a full acre of property. I was somewhat strategic in the property that I did purchase in that it borders a mountain in the backyard (see my post about the enjoyment I've had listening to owls for example: https://www.snipershide.com/shooting/threads/im-a-big-fan-of-owls-personally.7231649/ or coyotes: https://www.snipershide.com/shooting/threads/more-excitement-from-my-backyard.7241269/)

    But it's a rural development and somewhat new so looking at the lot sizes left for sale here on the mountain I reckon I can answer the question....

    An acre of land here would approximately be around $70K. That's an incredible change from 2009 when I was offered either 10 acres of land in GA for $14K or 14 acres of land for $10K (it's one of them but I think the 1st one is right).

    How are things in your neck of the woods?

    -LD
     
    Bought some acres in SE KY 2 years ago at $12k/per. In the county in which I currently reside, it's about $600k/per - $6m/per, depending on location/features/zoning.
    My land in N MN is currently valued at $60k/per based on recent sales (north of deluth on the north shore).
     
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    Going to use a 30 mile Radius of where I live. If I include all land it would be anywhere from 2 million to 3000 per acre.

    Now if we take out all waterfront we are looking at about 3000 to 50,000 per acre.

    What I find interesting is people paying 500k for a 8000sq.ft. lot with a 2000sq.ft. house on it as fast as they can be built...
     
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    9854772D-10FB-4153-A56E-5F33F93E18A1.jpeg


    property prices and everything else.....idk...this comes to mind..
     
    A building lot about a mile from me is about 50k. Farm land in large parcels 20k-50k per acre. Gravel ground suitable for potato's 70k plus.

    Aa my Dad always said: the government keeps printing more dollars but they can't print more land.
     
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    $100k - $150k per acre.

    I considered buying a 5 acre lot and putting a tiny home on it. Figured the folks with the 12k and 15k sqft mansions on the adjacent lots would pay me handsomely to be rid of the commoner.
     
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    Wow! I thought $25,000 for farm ground was high. When I first moved to western ks 10 years ago pasture was $800 an acre and farmland was $1200. I should have bought everything in sight because it has quadrupled.
     
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    I paid $20k for just under an acre (deed restricted SD) back in early 2000's, built the current residence on it. Waterfront lots on a nearby lake development were $250K+ back then for a small waterfront lot. Now they are easily a Million just for the raw land, if any are left. Developer was offering some of the less desirable lots for $10K a few years ago just to close out their inventory and move on to something else.
     
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    1 year 4 months ago I paid $115,000 for 14 acres. Very private with decent Mountain View’s, mostly wooded less a house lot, .25 mile dirt driveway, the land is good and dry (no possibility of flooding), water / power / internet to the driveway all a mile off the closet paved road. Some places around me are more some are less.
     
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    A couple lots sold in the last 6 months. 4-5 acres for 450-500k

    Paid over $15000 for 140 acres last year. Thought that’s was high enough.

    A guy didn’t want the embarrassment of putting his inherited ground on the market so private sold a ok farm for $7000 iirc. Could have got 10-11 easily
     
    hell, in Door county, wi...back in 2000, i saw people buy "cottages" for 35 million. they'd bulldoze the house, because the "cottage" (really a small mansion) was not what they wanted. the real kicker was that most of those folks would be at "the cottage" for maybe 3 weeks out of the year.

    that was my first time seeing that kind of wealth up close. and let me tell ya, the only difference between "bat shit crazy", and "eccentric" is how much is in your bank account.
     
    hell, in Door county, wi...back in 2000, i saw people buy "cottages" for 35 million. they'd bulldoze the house, because the "cottage" (really a small mansion) was not what they wanted. the real kicker was that most of those folks would be at "the cottage" for maybe 3 weeks out of the year.

    that was my first time seeing that kind of wealth up close. and let me tell ya, the only difference between "bat shit crazy", and "eccentric" is how much is in your bank account.
    All that taxpayer money and printing money the oligarchy steals from us.
     
    1 year 4 months ago I paid $115,000 for 14 acres. Very private with decent Mountain View’s, mostly wooded less a house lot, .25 mile dirt driveway, the land is good and dry (no possibility of flooding), water / power / internet to the driveway all a mile off the closet paved road. Some places around me are more some are less.
    Perfection.
    You are in Indiana also, no?
     
    it was truly disgusting to see. i think that is the first time i thanked God that i was not born into that kind of situation; it absolutely RUINS people.
    you get these people that do anything and everything to increase their financial wealth. what it does to them and their families....and they think they are winning.
    That crap is half the reason I'm so jaded. The number of clients I've dealt with who tear down sturdy 20yr+ old $5mill+ houses, to slap the largest McMansion they can build in it's place; would make anyone despise the ultra wealthy. Got a call last month from a cunt who wants to gut a newly installed $500k kitchen in the house they just bought. Then she got pissy when I told her I was too busy helping people who need to rebuild after the hurricanes, to bother with her kitchen right now. She threatened to "tell all her friends about me". I told her she doesn't owe me any favors.
     
    That crap is half the reason I'm so jaded. The number of clients I've dealt with who tear down sturdy 20yr+ old $5mill+ houses, to slap the largest McMansion they can build in it's place; would make anyone despise the ultra wealthy. Got a call last month from a cunt who wants to gut a newly installed $500k kitchen in the house they just bought. Then she got pissy when I told her I was too busy helping people who need to rebuild after the hurricanes, to bother with her kitchen right now. She threatened to "tell all her friends about me". I told her she doesn't owe me any favors.
    they melt down when they meet someone their money has no power over. it just can't be!
     
    A building lot about a mile from me is about 50k. Farm land in large parcels 20k-50k per acre. Gravel ground suitable for potato's 70k plus.

    Aa my Dad always said: the government keeps printing more dollars but they can't print more land.
    Your father spoke the truth/was a smart man. I've long heard that expression about buying land but I personally haven't seen the value of land explode in all my years like it has in the past 5 or so.

    Thanks for sharing btw,

    -LD
     
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    1 year 4 months ago I paid $115,000 for 14 acres. Very private with decent Mountain View’s, mostly wooded less a house lot, .25 mile dirt driveway, the land is good and dry (no possibility of flooding), water / power / internet to the driveway all a mile off the closet paved road. Some places around me are more some are less.
    That sounds like an absolute steal, especially with the views you mentioned. Congrats for what sounds like a premium chunk of land, I'm a bit envious.

    -LD
     
    A couple lots sold in the last 6 months. 4-5 acres for 450-500k

    Paid over $15000 for 140 acres last year. Thought that’s was high enough.

    A guy didn’t want the embarrassment of putting his inherited ground on the market so private sold a ok farm for $7000 iirc. Could have got 10-11 easily
    140 acres!? Damn- you're living my dream. ROI aside that's got to be comforting having a chunk of land like that.

    -LD
     
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    hell, in Door county, wi...back in 2000, i saw people buy "cottages" for 35 million. they'd bulldoze the house, because the "cottage" (really a small mansion) was not what they wanted. the real kicker was that most of those folks would be at "the cottage" for maybe 3 weeks out of the year.

    that was my first time seeing that kind of wealth up close. and let me tell ya, the only difference between "bat shit crazy", and "eccentric" is how much is in your bank account.
    Holy fuck, that was 25 years ago that they were going for 35 million? Any idea what they go for today? I cannot fathom...

    -LD
     
    I might not have a full acre of land but I do have a view... Now that the storm has cleared I reckon I can share some pics of it (don't think I've shared it here before)...

    1736284962742.png


    That's the picture from my front yard, can clearly see the valley and river...

    1736285057086.png


    As for my backyard, nothing but woods, mountains, owls, deer, turkeys & coyotes to be seen. It might not be much compared to others but it's mine and it took a very long time and a lot of sacrifices to get to a piece of property like this.

    -LD
     
    That sounds like an absolute steal, especially with the views you mentioned. Congrats for what sounds like a premium chunk of land, I'm a bit envious.

    -LD
    Thank you, we love it here. We moved here for the outdoor recreation and low population density. However the average income & job opportunities are both very low. We took a substantial income hit to move here, like cut in half or more. Fortunately we can manage with some lifestyle adjustments. Totally worth it so far.
     
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    Outside of Shreveport, NW Louisiana, is going for $10,000, for a decent acre to around $200,000 an acre for a beautiful lakefront. Unfortunately, no mountain views near here. We have to drive 180 miles to the Ouachitas in Arkansas to see that.
     
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    Bought 55 acres over the last 2 years and I have 180k in it. However, I did buy it from immediate family to keep it with us another generation. With that said, property around me is going for 3k to 10k per acre. It’s good cattle ground, but no crops are going to do well here. Good scenery but the deer won’t be trophy quality. Lots of grapes, oaks and hickory around here.
     
    Thank you, we love it here. We moved here for the outdoor recreation and low population density. However the average income & job opportunities are both very low. We took a substantial income hit to move here, like cut in half or more. Fortunately we can manage with some lifestyle adjustments. Totally worth it so far.
    I absolutely believe it, one doesn't obtain such a utopia without sacrifice. For what it's worth- I wish you & your family the utmost best. It really does sound to me that your family has their priorities in line and you've built a foundation upon true happiness and I think that's nothing short of amazing.

    -LD
     
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    Bought 55 acres over the last 2 years and I have 180k in it. However, I did buy it from immediate family to keep it with us another generation. With that said, property around me is going for 3k to 10k per acre. It’s good cattle ground, but no crops are going to do well here. Good scenery but the deer won’t be trophy quality. Lots of grapes, oaks and hickory around here.
    That's a lot of land- care to share what your plans are with it? I reckon if you did nothing more than sit on it for a few years you'd still come out handsomely in your investment.

    -LD
     
    Outside of Shreveport, NW Louisiana, is going for $10,000, for a decent acre to around $200,000 an acre for a beautiful lakefront. Unfortunately, no mountain views near here. We have to drive 180 miles to the Ouachitas in Arkansas to see that.
    Just curious- do you see the property value subsiding in the future or only appreciating higher?

    -LD
     
    That's a lot of land- care to share what your plans are with it? I reckon if you did nothing more than sit on it for a few years you'd still come out handsomely in your investment.

    -LD
    We have replaced quite a bit of fencing at this point. We are raising dexter cattle and Katahdin sheep. We are going to be doing pasture improvement on 16 acres for hay production. Built a carriage house in 2023 as a temp living solution. We put 3/4 acre and the house my grandparents built into a life estate for my parents. They can stay as long as they like. I’m hoping I can get the neighbors to work a deal on their 40 acres. I don’t want somebody buying it later and building a McMansion across the road from me. It may hurt a little, but would be well worth it.
     
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    Just curious- do you see the property value subsiding in the future or only appreciating higher?

    -LD
    I see it appreciating higher, but the rate of increase is dependent on the economy, interest rates, etc. This area is contracting economically, so at some point, real estate prices could pull back, but I don't want to imagine how bad that would have to be. I'll retire from this job, in 5-10 years and I'm planning a move to Texas, Arkansas, or Oklahoma. I hope property values are strong here, so I can get a comparable house and property, in one of those states. None of those are far moves, but Shreveport is becoming a dangerous place, for crime. Also the roads are crap and the fellow drivers are worse.
     
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    it was truly disgusting to see. i think that is the first time i thanked God that i was not born into that kind of situation; it absolutely RUINS people.
    you get these people that do anything and everything to increase their financial wealth. what it does to them and their families....and they think they are winning.
    So poor all they have is money.
     
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    Wyoming is.... CLOSED. So it doesn't matter what it costs now!
    20180508_170847.jpg
    20210730_131144.jpg

    State land behind my land in top picture. Sheep Mountain/Rockies with Lake Hattie in the bottom pic. 40 acres. The land is about $7k per acre. I bought in at $1500 an acre.
    The Snowy Range and Medicine Bow National Forest is about 2 miles to the west of where I am standing for these pictures.
     
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    Just curious- do you know what the going rate per acre was before they got involved and (if so) how long that's been going on for?

    -LD
    $3500-10000 per acre. I once looked at a 35 acre property the asking price was $135.000, 3800 per acre. I could have had the acre lot next to my house for 10,000 in about the same time frame. Forest Preserve got a huge referendum passed and started buying every tract they could with about $200M to spend. Developers started buying every farm they could then the school districts took their share under eminent domain and between the three prices skyrocketed. 1990's-early 2000's give or take a few either way....
     
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