Land Watch Ga (2024)

FAQs

How much is 1 acre of land in GA? ›

georgia Farmland Prices

Over the last 20 years, the price of farmland per acre in georgia has risen by an average of 4.4% per year to $4,200 per acre as of 2019. This represents an increase of $2,230 per acre of farmland over this time period. The values shown here only represent farmland appreciation.

Flexibility of Vacant Land

Once you own a piece of vacant land in Georgia, you have the ability to really build however you like within the limitations of the local building codes. If you invested to build your own home, you can place the house anywhere on the property you choose.

All cropland (a combination of irrigated and non-irrigated cropland) averaged $4,200 per acre in 2023, up from $3,820 in 2022. Irrigated cropland values went from $4,600 per acre in 2022 to $4,800 per acre in 2023. Non-irrigated cropland increased from $3,500 per acre in 2022 to $3,950 per acre in 2023.

Georgia's farmland is diverse and productive, with a variety of crops grown throughout the state. The top commodities include peanuts, pecans, cotton, peaches, and blueberries. The state's mild climate, fertile soils, and abundant rainfall provide ideal conditions for farming.

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.

The Cheapest State to Buy Land

According to Wisevoter, Arizona is the cheapest state in the United States to buy land. As of 2023, Arizona's median price per acre is only $4,164.

No. RV/Camper: Using a recreation vehicle as a permanent residence is prohibited in any zone or on any lot except in an area zoned RM (Residential Multifamily) and adhering to those specific requirements (Art IX Sec. 902.39).

The State of Georgia offers homestead exemptions to all qualifying homeowners. In some counties they have increased the amounts of their homestead exemptions by local legislation above the amounts offered by the State.

All property in Georgia is taxed at an assessment rate of 40% of its full market value. Exemptions, such as a homestead exemption, reduce the taxable value of your property. Let's say this homeowner qualifies for an exemption of $2,000. The taxable value is then multiplied by the millage rate.

Farm and cropland have a similar average value of just under $4,000 per acre, while pasture land is more costly with a per acre average of $4,400.

What state has the cheapest farmland? ›

Investing in agricultural land can be a great opportunity to capitalize on the current market, with some states offering highly affordable farmland. North Dakota and Wyoming are two of the most cost-effective states for farming land, followed by Alabama and Kentucky.

In 2020, there were 42,439 farms in Georgia encompassing 9,953,730 acres of land. The average farm size was 235 acres.

The Georgia Agricultural Tax Exemption (GATE) is a legislated program that offers qualified agriculture producers certain sales tax exemptions. If you qualify, you can apply for a certificate of eligibility.

Generally, a minimum of 10 acres is required for enrollment, but some counties have recently increased the minimum acreage to 25 acres. No more than 2,000 acres can be enrolled in CUVA by any one non-industrial, private landowner. Foreign citizens and foreign corporations are not eligible to enroll.

COASTAL PLAINS

As the major agricultural region this area produces crops such as world famous Vidalia onions, tobacco, peanuts, pecans, and sweet potatoes. This region is home to the Okefenokee Swamp the largest freshwater wetland in Georgia.

The median lot size for new single-family homes is 0.19 acres or 8,276 square feet. That means around five average-sized home lots can fit on one acre. However, if you want to know how many homes can legally fit on one acre where you live, you have to consult your local zoning laws.

For both local and out-of-state investors, recent market trends also help strengthen the case for acquiring rural Georgia real estate. Despite shifts across sectors, average per-acre prices for cropland and woodland sales in Georgia still fall around $3,900 per acre based on 2022 USDA data.

Wyoming is currently the #1 cheapest state to buy land in 2024. The average price per acre for land in Wyoming right now is $3,435, which fell from a high of $5,903 per acre in 2023.