North Mississippi Land for Sale - 927 Properties (2024)

FAQs

How much is 1 acre of land worth in Mississippi? ›

The average cost of land in Mississippi

According to the USDA's 2022 data, the average for an acre of Mississippi land is approximately $3,000.

Mississippi Land prices are rising, which means that land in the Magnolia state could be an extremely good investment. However, before you go ahead and buy Mississippi land, you need to consider your investment goals. Do you plan to hold onto your land for just a few years and then sell it as soon as land prices rise?

The ten states with the cheapest land are Arizona, New Mexico, Mississippi, Colorado, Arkansas, New York, Missouri, Oregon, Alabama, and Michigan. Arizona is the cheapest state to buy land with a median price of $4,164 per acre.

mississippi Farmland Rental Rates

Over the last 20 years, farmland rental rates per acre in mississippi have risen from an average of $63 per acre in 2002 to $144 per acre in 2019. This represents an increase of $81 over this time period with an average implied capitalization rate of 4.3%.

Mississippi provides a diversity of landscapes so buyers can find the right land type for their needs. Options include farmland, timberland, recreational land with lakes/rivers, residential acreage, commercial property, and hunting land rich with wildlife to pursue deer, turkey, ducks, and more.

Persons who are 65 years of age and older or who are disabled, upon application and proof of eligibility, are exempt from all ad valorem taxes up to $7,500.00 of assessed value. The application for exemption must be filed with the individual county on or before April 1.

Some states have a different set maximum acreage for the homestead exemption depending on whether the property is in a rural or urban area. In Mississippi, it's just one set maximum of 160 acres. However, even with no acreage limit, urban real estate is typically more expensive.

Both the buyer and seller pay certain closing costs at the end of the real estate transaction in Mississippi. The seller shells out a higher monetary amount as closing costs as they pay the REALTOR commission. Other fees, like documentation charges, transfer fees, etc., are paid by the buyer.

Where is the cheapest land to buy right now? ›

What is the largest stretch of uninhabited land in the United States? Probably central Alaska though the inter mountain region of the western US is vastly more uninhabited than habited.

We offer variable and fixed-term loans for up to 30 years.

Property tax, or ad valorem tax, is a tax imposed on the ownership or possession of property and is generally based on the value of the property. In Mississippi, all property is subject to a property tax unless it is exempt by law.

Land can be expensive to trade into and out of. There's real estate agent commissions, surveys, title insurance premiums, transaction taxes, etc. and all of these costs (those that you pay when you buy land and those that you pay when you sell it) reduce your profit.

An acre of land is about the size of a football field. The value of an acre of land varies quite a bit depending on a number of factors. The average cost of land in the contiguous United States is about $12,000 per acre.

The federal government owns 5.04 percent of Mississippi's total land, 1,523,573 acres out of 30,222,720 total acres. Mississippi ranked 25th in the nation in federal land ownership.

Agriculture in Mississippi is a 8.76 billion-dollar industry. There are approximately 34,700 farms in the state covering 10.3 million acres. The average size farm is composed of 300 acres.

With affordable land, fertile soil, abundant resources, and a favorable climate, Mississippi's counties provide ample opportunities for successful small acreage homesteading.