Maybe you want an undisturbed and tranquil location to build a hunting cabin. Perhaps you’re hoping to find valuable acreage for sale that you can use to build a legacy for your children. Before you get too far into the process, it’s important to get a firm grasp of the terminology. Let’s start with acreage!
How Big is an Acre?
You need an idea of what an acre is when you compare acreage for sale for investment purposes. One acre equals 43,560 square feet, so picture a football field, which is 1.32 acres in size. Put another way, one acre equals 0.405 hectares (the preferred term in many countries), and there are 640 acres in one square mile.
What is the Average Value in the United States?
The entire land valuation in the United States is about $23 trillion, according to a recent article in Land.com. The type of land has a significant impact on its worth. Agricultural and undeveloped areas are generally less expensive than cities and suburbs.
How Does Arkansas Compare?
Farm and undeveloped land are cheaper than urban acreage, and Arkansas has plenty of available tracts. You can get some of the best land investment values in the lower 48 states here. In fact, land for sale in Arkansas is valued at $6,739 per acre (eighteenth lowest), which is one of the most reasonable price points in the nation. There are 33.2 million acres in Arkansas valued at $224 billion, and plenty of land for the sale in Arkansas is unspoiled forest. Of course, before you commit, it’s helpful to get an independent appraisal from the forestry and real estate experts at DDK.
Land for sale in Arkansas is a great investment. According to the U.S. Department of Agriculture’s 2017 Land Values documentation, Arkansas consistently tops the lists of delta states land values for farmland, cropland and grazing land. Therefore, Arkansas beats out Alabama and Mississippi as the best land investment opportunity in the region.
Growing the Value of Your Land
When you’re ready to look for land for sale in Arkansas, it’s important to work with a team that specializes in evaluating the investment value of undeveloped tracts. A reputable company will have listings or connections to listings that increase in value over time. DDK forestry and real estate has a number of specialists that can help. Contact us today at (501) 219-8600 to set up an appointment or ask questions about current listings and value of Arkansas acreage for sale.