Cheapest Land in Wyoming
Is there any other place besides Wyoming in the entire United States of America where one can find more land for less money?
The reason Wyoming presents such interesting investment opportunities is that there is a large amount of “checkerboard” land ownership in the state. The “checkerboard” ownership in Wyoming is among the largest of all 50 states.
A little history: The Pacific Railroad Act of 1862 was approved by the United States Congress and signed into law by President Abraham Lincoln for the purpose of aiding the construction of railroads from the Missouri River to the Pacific Ocean. This bill gave 10 miles on either side of the tracks to the railroad companies to help offset the cost of construction. The Pacific Railroad Act of 1864 expanded that distance to 20 miles on either side of the tracks. The United States Government retained half of every township given to the railroads by keeping alternate sections. This resulted in the ownership of these townships resembling a checkerboard, with every even-numbered section owned by the government and every odd-numbered section owned by the railroads. Over the years, the railroads resold a large portion of their holdings to private individuals.
For private owners of land in the checkerboard, there is a disadvantage offset by a huge benefit. The disadvantage is that it is almost impossible to secure “insurable access” through federal property; therefore, power and utilities are seldom available, and banks won’t loan for construction where there isn’t insurable access. “Physical access,” however, is a different matter. The government has never blocked access to private property since the Pacific Railroad Act of 1862 was passed; and furthermore, title companies will insure ownership of private land in the checkerboard.
The huge benefit for private landowners in the checkerboard is that “the public can’t cross private land to get to public land, but private owners can cross public land to get to private land.” This amazing policy means that private owners can access millions of acres of public land that the general public can’t get to, enjoy or even visit (because to do so would constitute “trespassing” on private property)! This unique ownership feature, coupled with a low purchase price, makes checkerboard land an asset that can offer substantial future potential.
The cheapest land in Wyoming can be found in the southern part of the state along the I-80 corridor. If you know where to look, land in this area can still be purchased for less than $250 per acre, but these prices are rapidly disappearing.
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