Home Real Estate Arizona No. 1 for most affordable land in U.S.

Arizona No. 1 for most affordable land in U.S.

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At a median price around $4,000 per acre, land is cheapest in Arizona. The neighboring Southwestern state of New Mexico ranks a close second at $6,000 per acre. Representing the South and third place is Mississippi at around $10,000 per acre. If you’re interested in buying a large tract of land, New Mexico has the cheapest median price for parcels of 100 acres or more, and Arizona has the cheapest median price for parcels of 640 acres (1 square mile) or more.

If you’re looking for a property that already has a house on it, then Mississippi is the best place for the lowest cost. New Mexico is a close second in this category, with the cheapest price per acre for large homes with four or more bedrooms. If you want to build a new home, look to Arizona for the least expensive homesites in the nation. Aside from the low cost of land, other reasons to relocate to Arizona include a sunny climate and a reasonable cost of living. The top 10 small…

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