Looking for a property in Arkansas? But don’t know how should you proceed. Have your sights set on a stunning piece of Natural State real estate, but feeling overwhelmed by the process? Don’t worry, you’re not alone.
Arkansas is the 29th largest state having almost an area of 34 million acres under-covered. Arkansas has diversified hunting opportunities as there is a lot of wildlife terrain. So, how much is an acre worth in Arkansas?
This blog will guide you through the land valuation of Arkansas State. Super Land Buyers can help you to sell or buy the lands in this area.
How Much is an Acre Worth in Arkansas?
Arkansas’ land values vary significantly depending on the type, location, and features. Here’s a breakdown to give you an idea:
Farmland
According to the USDA’s 2022 Land Values Summary, Arkansas greenery agricultural land’s average value is around $3,550 per acre. However, fertile cropland can reach up to $3,600 per acre, while less productive land might go for as low as $2,000 per acre.
The core regions best for farming are-
- Mississippi Delta Region,
- Arkansas River Valley, and
- Gulf Coastal Plain Region
These subtropical areas are best for soybeans, wheat, rice, and cotton.
Pasture Land
Similar to farmland, pasture land prices fluctuate based on quality. Expect a range of $2,300 to $4,307 per acre, with pristine pastures commanding higher prices.
Forest Land
Arkansas’ forested areas offer opportunities for timber production and recreation. The average price for timberland falls between $1,420 and $2,967 per acre. The type and density of trees significantly influence the value.
As Arkansas is known as ‘The Natural State’, this area has a lot of forests and mountains. The Ozark and Ouachita Mountains are
Residential & Commercial Land
Land prices zoned for residential or commercial development can vary greatly depending on location. Generally, land closer to urban centers, with easy access to amenities and infrastructure, will be significantly more expensive than rural land. Prices can range from several thousand dollars per acre in rural areas to tens of thousands per acre near major cities.
Some Arkansas areas consistently rank high for commercial and residential development-
- Northwest Arkansas:
Economy-fueled area with major corporations like Walmart and J.B. Hunt. This area has high-quality beautiful scenery, educational institutions, and a growing population.
- Central Arkansas:
State Capital, Little Rock is a major economic and cultural hub. This area has a diverse economy having universities and other amenities. Being the central part, this area has good access to other parts of the state.
- Western Arkansas:
The area has a lower cost of living compared to the other parts of Arkansas. Lands here care for a middle-income growing population while boasting a strong economy. Fort Smith is a transportation hub with access to the highways and interstates as well.
- Northeast Arkansas:
Jonesboro, located in Northeast Arkansas is a regional hub. The area has a strong healthcare sector. The Arkansas State University is located here as well.
- Southwest Arkansas:
Texarkana has a lower cost of living with a heavy population. The area has a mix of commercial and industrial infrastructure here.
Key Factors Considering
The values of lands in Arkansas fluctuate depending on the key factors mentioned below-
- Location: Proximity to desirable areas significantly impacts price. Land near cities, towns, schools, hospitals, and major roads with easy access will naturally be more valuable.
- Zoning Regulations: These dictate what the land can be used for, affecting value. Commercial land will naturally be more valuable than agricultural land.
- Size and Shape: Larger, regularly shaped plots (rectangles or squares) are generally more valuable due to efficient space utilization.
- Topography and Soil Quality: Flat, fertile land suitable for agriculture or construction typically holds a higher value than uneven or infertile terrain. Land with existing connections to utilities like water, electricity, and sewer is more attractive and valuable to buyers.
- Market Conditions: Local and national real estate trends influence pricing. Periods of high demand or economic booms can lead to price increases.
Conclusion
It’s time to wrap it up. So far, we have discussed how much is an acre worth in Arkansas and the land valuation of different places.
Remember, the land prices in Arkansas will continue to fluctuate depending on the country’s constitution and economy over time. Super Land Buyers will help you along the way to get the best deals on lands in Arkansas.
Stay connected with Super Land Buyers and enjoy your property purchase journey.
FAQ:
How much is 1 acre of land worth in Arkansas?
The National Agricultural Statistics Service’s 2022 Land Values Summary reveals that the average price of agricultural land in the state soared to $3,550 per acre in 2022. This represents a healthy jump of 4.7% compared to 2021.
How much is an acre of land in Arkansas in 2024?
According to the World Population Review, Arkansas has an overall of $6,739 acre. However, the value of land depends on the type, location, and features of the land.
- Farmland- $3,550 to $3,600 per acre
- Pasture Land- $2,300 to $4,307 per acre
- Forest Land- $1,420 and $2,967 per acre
How much is an acre of land worth in the US?
The average cost of an acre of land in the US falls between $12,000 to $16,000. Land near cities, amenities, and infrastructure is particularly more expensive than rural land.
