How much does an acre of land cost in Montana?
How much does an acre of land cost in Montana?
Dollar per acre sales price for properties with 640+ acres in western Montana have been steadily increasing over the last 30 years, with an average dollar/acre value of $1,255 (1990-2020). Dollar per acre sales in western Montana reached a new high in 2021 at $2,115/acre.
How much does an acre of land cost in Montana 2020?
Percent Change to Today
| Today | This Date 2020 | |
|---|---|---|
| Properties for Sale | 315 | 611 |
| New Listings | 103 | 77 |
| Median Listing Price/Acre | $2,476/acre | $1,750/acre |
| Median DOM (Days On Market) | 269 days | 366 days |
How much is an acre of land worth in Montana 2021?
The 2021 Montana average farmland real estate value, a measurement of the value of all land and buildings on farms, was $930 per acre. This is an increase of 1.6 percent from 2020 and 1.6 percent from 2019. The average value of cropland was $1,050, up 1.9 percent from 2020.
Is it a good idea to buy land in Montana?
Land is Very Inexpensive to Own as an Investment – When you buy a piece of land for the right price, there are no mortgage payments to make, no utility bills to pay, and property taxes are extremely cheap in Montana. Many of the properties you can buy are less than the price of a new pickup.
Where is land cheapest in the US?
Tennessee, Arkansas, and West Virginia consistently rank as the cheapest places to buy residential land. Tennessee offers diverse geography, from mountains and lakes to acres of rural flat ground, and of course the iconic landmarks and attractions like Graceland and Nashville, the heart of country music.
Is Montana land expensive?
As a result, we have observed a steady rise in the average price-per-acre of land for sale in Montana. In 2018 the average price per acre was $2,066, Compared to an $887 per acre average from the early 2000’s (average of all sales over 640 acres) 2.
Is there still free land in Montana?
Yes, Homesteading in Montana is Legal Homesteading in the state dates back to 1862 when the first Homestead Act was passed, enabling US citizens to claim land provided that they lived on it, cultivated it, and improved it. Though several supplementary laws have been passed since homesteading is still legal in Montana.
