Cheapest Land for Sale in the United States
For astute land buyers it is the per-acre price that is important, not the per-parcel price. For example a 160-acre tract for $31,840 is far cheaper that a one-acre lot for $4,000. Why? Because the 160-acre tract is priced at only $199 per-acre and the one-acre lot is priced at $4,000 per-acre. Since the Pilgrims landed in 1620 and Americans began migrating west, land dealers have made fortunes buying land by the acre and selling lots by the parcel!
The term “cheap” land is relative in nature, meaning that one tract of land might be cheap compared to another tract of land in the same general location. But the term “cheapest” land is absolute in nature, meaning that no other tract of land anywhere in the United States is cheaper in price! OK, so where can the cheapest land for sale in the United States be found today? The largest selection of the cheapest land available for sale in the United States today would be in Texas, Wyoming, South Dakota, Nevada and New Mexico.
The cheapest land for sale in the United States, purchased today for a long term investment, would be one of the safest assets one could acquire and also one of the most certain assets to increase in future value. It is a safe asset to own because it can’t be stolen, destroyed by fire, mismanaged or outdated by technology. It is certain to increase in value because all that is required is inflation and an ever-expanding population, both of which are inevitable.
How did prices for the cheapest land for sale in the United States compare with the stock market over the last 50 years? In 1960 the Dow Jones was near 700, and today it is about 10,000, or 15 times higher than it was in 1960. In 1960 the cheapest land in the United States was around $5 per acre and the cheapest land for sale in the United States today is 450,000 acres in Nevada for $178 per acre, or 36 times higher than in 1960. How about the value of cash over the last 50 years? According to the U. S. Bureau of Labor Statistics it takes $7,375 today to buy the same goods and services that $1,000 purchased back in 1960. This means that inflation robbed the dollar of 86% of its purchasing power over the last 50 years.
There are 2.4 billion acres of land in the United States and 100 years ago the population was 92 million. That equated to about 26 acres per person. Today the population is 307 million people equating to only 7.5 acres per person. Can future land values do anything but go up?
Acquiring a tract of the cheapest land for sale in the United States can be one of the safest and surest methods of creating wealth over the years. In fact history has taught us that it is virtually impossible to lose money owning cheap rural land if purchased cheap enough and held long enough!
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