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Arizona has the cheapest land in the US with a median price per acre of $4,164. The state's affordability can be attributed to factors such as its vast expanses of desert terrain, which may be perceived as less desirable for certain land uses, and lower demand compared to more densely populated areas.
The average price of land parcels for sale in Minnesota is $388,833.
Minnesota Land Information The average price of land parcels for sale in Minnesota is $388,833.
Minnesota offers a lot of opportunity for interested land buyers, with an abundance of lakefront properties (the state boasts more than 15,000 lakes within its borders), plenty of natural beauty, and bustling areas in and around Minneapolis ? a city that's been growing steadily in popularity over the past decade.
Minnesota's farm real estate value, a measurement of the value of all land and buildings on farms, averaged $6,150 per acre in 2022, ing to the USDA, National Agricultural Statistics Service ? Land Values 2022 Summary. This was up 17 percent, $910 per acre higher than last year's value.