Whether as a sign of status and achievement or a long-term investment choice, you cannot deny the relevance of land as an asset. The fact that land value tends to rise with time with the rise of its demand, makes it a primary reason to consider land as an asset.
However, this secret is out of the bag, and the demand for land investment is soaring USA. In today’s inflation scenario, finding cheap land for sale is hard. It is here, that our expert real-estate assistants at APXN Property enter.
Owing to their seasoned skills and experience, we have listed down the top five cheapest States to buy land in the USA. So, keep reading.
Table of Contents
Arizona offers a harmonious blend of natural beauty and modern architecture. This country’s geography ranges from arid deserts to lush green mountain ranges. A major part of Arizona’s economy is dependent on peanut farming.
This opens up opportunities for land investors to invest in raw land and earn significant returns from peanut cultivation. In terms of real estate investment, you can find hundreds of licensed land for sale in Arizona, which you can utilize for several purposes.
Most of this State receives sunny days almost all year round. This factor acts like a magnet to attract most retirees and tourists to Arizona. Thus, there is a high demand for residential and commercial land investments along with raw land. Furthermore, Arizona is also witnessing economic stability owing to its growing workforce, low property taxes, and affordable cost of living. These are compelling reasons to attract land investors to consider Arizona among the cheapest states to buy land.
The enchanting landscapes of New Mexico range from deserts to lush mountain ranges. As most of the plains face an arid climate, vegetation is sparse here.
The primary sources of income for most people in New Mexico are cattle rearing, lumbar, and industrial activities. Thus, you will find diverse opportunities to invest in raw and underdeveloped lands for sale in New Mexico.
Furthermore, the Land of Enchantment, New Mexico also offers a serene laid-back lifestyle and mild climate as opposed to the city hustle. Thus, tourists arrive here to spend some slow days reveling, enjoying art, scenic beauty, authentic cuisines, and drinks.
Therefore, New Mexico is witnessing a growth in tourism in recent days. Also, the low cost of living and availability of several raw lands enlists New Mexico as the cheapest state to buy land.
Listed among the cheapest States to buy land in the USA, Colorado hosts a dynamic real estate market. Also, dominating practices such as tourism, mining, agriculture, defense, aerospace, and renewable energy generation projects shape the economy of Colorado.
The diverse topography of Colorado involves two major mountain ranges and Colorado plains which are fed by two major rivers. Land for sale in these plains attracts several land investment projects and offers scope for significant growth in Colorado real estate.
Furthermore, the pristine landscape in Colorado tends to attract tourists all year round allowing interested investors to utilize land for sale in Colorado for recreational projects. Additionally, owing to quality living standards, education opportunities, economic wellness, and a healthy lifestyle, Colorado is seeing a growth in population as many families are gradually moving in here. This is also one of the pivotal reasons for growing property value here.
‘Show Me The State’ State aka Missouri boasts a rural charm as its picturesque countryside blends with the metropolitan appeal of Kansas City and St. Louis. Lying on the foothills of Mt. Ozark and the banks of rivers Missouri and Mississippi, this state offers a highly fertile soil for farming activities.
Furthermore, land for sale in Missouri also tends to attract land investors to explore diverse investment options in terms of industrial projects. Consequently, Missouri is home to several popular food processing, beer, wine, electrical equipment, publishing and transportation manufacturers.
As one of the cheapest States to buy land, Missouri also attracts budget-conscious investors. Both residential and commercial projects are flocking to Missouri with its ventures owing to the State’s rich history and active cultural life. Besides these, Missouri’s low cost of living, and affordable property tax rates attract investors on a large scale to buy land here.
One of the most important chapters in every land-buying guide is to conduct comprehensive research on affordable lands and locations as per your investment needs. If you are looking for the cheapest State to buy land in the United States for outdoor and recreational projects, consider looking into Oregon. Home to breathtaking landscapes, Oregon hosts regulations that ensure environmental sustainability.
Regardless of these regulations, interested investors can opt to purchase raw land for sale in Oregon for residential projects or reap benefits from the growing tourist industries. Oregon also offers opportunities as top states in the USA to invest in hunting land or fishing grounds to suit the recreational needs of tourists and locals.
Seekers of steady growth prospects and long-term land investments can also find high living standards, affordable land value, and a strong economy appealing.
So, if you are looking for the cheapest States to buy land and grow your finances with real estate investment, consider starting your research with any of the five States above. These US states bring to the table a proper blend of a stable economy, breathtaking landscapes, affordability, and distinct lifestyles.
If you are a novice investor and are unable to find the right land for sale that aligns with your investment goals, explore us at APXN Property today.
