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In 2023, the average cost per acre of land in Ohio is $32,077, ing to WorldPopulationReview. However, the land price per acre by zip code varies. And, as expected, there is a considerable difference between residential land values, commercial land values, and agricultural land values.
Ing to the World Population Review, the average price for an acre of land in Ohio is around $32,000. However, the average cost per acre for farmland in Ohio is around $7,200, which brings down the overall average.
Land rental values Non-irrigated cropland rent averaged $151.00 per acre in Wisconsin during 2023, an increase of $6.00 from 2022 ing to the latest report released by USDA's National Agricultural Statistics Service.
Ohio's cropland cash rent was $170.00 per acre in 2022, up $10.00 from the previous year. Cropland cash rents in the Corn Belt region increased $17.00 from last year to $223.00 per acre.
Separation is a division, by conveyance or other action of the owner, of land into two or more tracts of land that continue to be in Agricultural Use, Agricultural Reserve, or Forest Reserve. The tracts must usually be at least 10 acres in size and continue to meet the qualifications. No rollback taxes would be due.
Farm real estate and cropland values in Ohio and Pennsylvania are both significantly higher than the national averages. Ohio's farm real estate average is $7,200 per acre, up from $6,600 per acre in 2021. Its cropland value average is $7,550 per acre, up from $6,800 per acre in 2021.
Pennsylvania's average rate is $101 per acre, while New York's is $77 per acre. The lowest cash rental rate average is in West Virginia at $41.50 per acre.