Marion County TN Land & Lots For Sale - 337 Listings | Zillow (2024)

FAQs

How much does 2 acres of land cost in Tennessee? ›

What types of land are available in Tennessee? Tennessee land is still relatively affordable compared to nearby North Carolina. Land can be had for around $4,700 per acre per the USDA. Soil in the east is ideal for growing tomatoes, as the limestone in it gives crops an acidic taste.

The price of an acre can vary depending on location however the median average is $14,400.

Over the past few decades, buying Tennessee land has proven to be a lucrative investment. This state is a hub for agriculture, and it's home to dozens of high-profile companies and industries. More people are attracted to Tennessee for its business opportunities, which has increased the value of local land.

Statewide, an average acre of Tennessee land is worth $14,400, but it's all about location. The average sales amount for a 251,911 square foot lot in one of Unicoi County's prime locations is $59,408, according to FindAnyAnswer.com. Tennessee's $14,400 per acre average cost compares to $12,100 in the lower 48 states.

The Cheapest State to Buy Land

As of 2023, Arizona's median price per acre is only $4,164. This affordability is due to several factors: Diverse Landscapes: Arizona offers various landscapes, from deserts to mountains, providing multiple options for outdoor enthusiasts.

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.

Editor's Note: For purposes of this article, we will discuss taxes on real property in Tennessee. Property tax is a type of taxation that requires owners of land and buildings to pay an amount of money based on the value of their real property, or land and buildings.

Homesteading in Tennessee

While the state doesn't offer free land in the traditional homesteading sense anymore, individuals looking for the homesteading lifestyle can purchase land in rural areas.

To qualify for a land loan in Tennessee, lenders typically require a minimum credit score of 720 and down payments ranging from 10% to 50%, depending on the type of land. It's essential to research specialized lenders and compare terms to find the right fit for your land acquisition needs.

CASH IS KING – Maintain your liquidity - Purchasing land requires a HUGE capital investment. Once the cash is spent, you lose your ability to act quickly on future needs and investment opportunities. Liquidity is how quickly your assets can be converted to cash.

Can you claim land in Tennessee? ›

Under common law, Tennessee courts have held that parties in adverse possession of land for 20 years will gain title to that land, even without any assurance or color of title. When a party has remained in uninterrupted and continuous possession of land for 20 years, their ownership of the property should be presumed.

What types of land are available in Tennessee? Tennessee land is still relatively affordable compared to nearby North Carolina. Land can be had for around $4,700 per acre per the USDA.

The average price of farmland for sale in Tennessee is $1.2 million. Discovery more Tennessee farmland and land for sale near you on Land and Farm. Our extensive database of properties includes a wide variety of land types, from rural acreage and farms to commercial properties and recreational retreats.

At first glance, how to calculate price per acre (PPA) is a relatively simple equation. It is the value of your property (v) divided by the number of acres (a). So, v ÷ a = PPA.

Two acres of land is a substantial amount of space that can easily accommodate a number of average-sized homes. The average size home has massively increased over the years, from just 909 square feet in 1949 to 2,480 square feet in 2021. Today, an average-sized home requires approximately 0.2 acres.

How much is an acre of land? The cost of land per acre varies greatly depending on location and intended use. On average, in the United States, the cost of one acre of land is around $16,000. You can buy an acre for under $1,000 in some places, but some commercial lots and farmland can exceed $100,000 per acre.

2 acres = 87,120 square feet. 3 acres = 130,680 square feet.

According to Texas A&M University, an acre in Texas costs $4,426 as of the third quarter of 2022. Furthermore, the average price of farmland has increased by 11.3% since 2021 to $2,650 per acre. A typical acre of cropland is worth $2,420.