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You're likely to find the cheapest Texas acres in the Panhandle and South Plains region, or in Far West Texas. Although price per acre has still been increasing in the Panhandle and South Plains, you could still find land there for an average of $1,511 per acre in 2022.
The Most Economical Places to Live in Texas RankCityMedian Home Price1Amarillo$147,6112Brownsville$118,2053Wichita Falls$116,2904Laredo$162,4576 more rows ?
The ten states with the cheapest land are Arizona, New Mexico, Mississippi, Colorado, Arkansas, New York, Missouri, Oregon, Alabama, and Michigan. Arizona is the cheapest state to buy land with a median price of $4,164 per acre.
These factors may vary depending on the location, size, type, and condition of the property. However, in general, property prices in Texas are cheaper than in many other parts of the country because there is more housing supply than demand, more land available for development, and lower property taxes than average.
Texas real estate can be a great investment. Whether you're searching for your forever home or you're a first-time home-buyer looking for a starter home or you're interested in investment rental opportunities, the opportunity for a solid return on investment (ROI) is ? like everything in Texas ? big!