Do you consider Georgia one of the most suitable places to buy land? But you are wondering how much is an acre worth in Georgia. Whether you want to buy land for farming, investing, or building a home, having an idea of the price is a must.
On average, an acre of land in Georgia is worth around $5000 to $12,000 this year. But wait, though this is an estimated value, you can’t decide to buy land based on this price. Because there are many different types of land like forest, wetlands, agricultural, commercial, etc.
Some of this land, like mountainous or wetland, starts with only $1500 to $3000. But a few of them are significantly expensive, like developable land, which might cost $50,000 to $100,000. So, determining the exact price of land is very challenging.
Don’t worry, in this blog post, you are going to explore different types of land value in Georgia. So, without further delay, let’s take the first step to turning your dream into reality!
How Much Is an Acre Worth in Georgia?
| Types of Land in Georgia | Lowest Price Per Acre | Highest Price Per Acre |
| Residential Land | $2,000 | $9,000 |
| Commercial Land | $10,000 | $90,000 |
| Industrial Land | $50,000 | $150,000 |
| Recreational Land | $3,500 | $500,000 |
| Agricultural Land | $3,000 | $6000 |
| Forest (Timberland) Land | $800 | $5,000 |
Residential Land Price in Georgia Per Acre
The price of residential land in Georgia is around $2000 to $9000 per acre (Zillows). It can vary depending on location, potential developable opportunities, and more factors.
- Land Price Near Cities
If you are searching for land in areas near busy cities like Atlanta, it might cost more. Because it has potential for development, and the price can be much higher.
- Land Price Rural Areas
You might get land within a budget in rural areas like Webster, Muscogee, Spalding, etc. The average price can be $2000 to $6,000 per acre or even less. Especially if the land is undeveloped and far from cities, you have a great opportunity to buy it at a lower price.
Remember, the “per acre” price is just one part of the total cost. Because there will be an added cost of adding infrastructure and developing the land. So the final price of your residential land might be more than our estimated land price.
Commercial Land Price in Georgia Per Acre
Figuring out the price for commercial land in Georgia isn’t straightforward. The research team at Superland Buyer shows that prices can range from $10,000 to $90,000 per acre. But why such a big difference like 9x?
Yep, the location of the land is the key factor for commercial land pricing differences. If the land near busy cities or major highways can cost more than $50,000 per acre. On the flip side, prices can be less than $20,000 per acre in remote areas.
Industrial Land Price in Georgia Per Acre
Generally, industrial land tends to be pricier than other types of land in Georgia. Because industry can be developed near major cities, transportation hubs, or prime areas. So, the worth of an acre of industrial land in Georgia can range from $50,000 to $150,000, or even more.
But somewhere, the price might be less than $30,000 or less, because of its less developed or more remote areas. Anyways, industrial land near transportation hubs like Hartsfield-Jackson Atlanta costs more than this range.
Recreational Land Price in Georgia Per Acre
If you are looking for recreational land in Georgia, it is hard to determine the exact worth. Because it depends on which types of recreation are available on the land. For example, wooded land for hunting or hiking isn’t available at the same price.
Moreover, accessibility is also important, so near paved roads will likely cost more than rural areas. However, the average worth of recreational land starts at $3500 to $500,000 per acre.
Agricultural Land Price in Georgia Per Acre
According to the GFB, the value of agricultural land in Georgia increased in 2023 compared to the previous year. This year, the average price of agricultural land is going to be around $3,000 to $6,000 per acre.
The most important factor is the irrigation behind the pricing of cropland. When the land has easy access to irrigate, you can grow better crops. So, these lands usually cost more to buy (around $4500 to $6000).
Forest (Timberland) Land Price in Georgia Per Acre
If you are looking to buy land in a forest area, Georgia might be one of the best options. Almost 40% of the land is covered by forest, so you can purchase it at a cheap rate. The price per acre of forest usually ranges from $800 to $5,000, depending on several factors.
The type of trees on the land is the most important factor behind the forest land’s (Timberland) worth. Areas with valuable hardwoods like oak or maple will cost more than low-value trees. Additionally, land that can be developed or used for hunting might be more expensive.
Finally, you have an idea about how much is an acre worth in Georgia for different types of land. Still, if you want to determine your own property value, use the Land Value Estimator for free to identify your land’s value.
5 Important Factors Behind Land’s Worth in Georgia
Here are a few crucial factors that significantly impact the land’s value:
- Land’s Potential and Use: There are several types of lands available in Georgia with different purposes and prices. You could not buy or sell industrial land and forest/wetlands at the same price. So first, consider the land’s potential to meet your goals.
- Location and Accessibility: Land near cities, highways, lakes, or mountains costs more for easier access or better views.
- Size and Topography: Generally, bigger pieces of land cost more per acre (like a square slice of land) than smaller ones. But when it is about residential land, a smaller piece in a good spot might be worth more!
- Utilities and Essentials: Land with water, electricity, and near roads is much more valuable than without these essentials.
- Zoning and Legal Laws: Some areas have laws about what you can do with the land (called zoning). Land zoned for houses will be worth more than land zoned for farming. So, knowing these rules helps you figure out how much your land is worth.
Please note that before buying or selling any type of land, you should find the property’s parcel number and check all paperwork. Additionally, following Georgia’s legal laws is crucial to staying safe from any hassle.
Conclusion
So, we have reached the end of the “how much does an acre of land cost in Georgia” blog. But what’s our finding from this land market research and pricing? Though, we can say that the average land worth in Georgia is $5000-$12000 per acre, it could go up and down depending on several factors.
Different types of land, locations, sizes, accessibility, and potential uses might impact the worth of a land. If you want to sell land in Georgia, you can define the estimated worth based on these factors.
Remember that these are the primary steps or ideas about land pricing. But you will have closer ideas from similar pieces of land in your area that are selling/listing. Moreover, you can consult with a professional realtor or appraiser who is active in this market.
FAQs
What Is the Average Price per Acre in Georgia?
The average price per acre in Georgia varies depending on the location and type of land. Although, on average, you can expect to pay around $5,000 to $12,000 for an acre. However, prices can be higher near cities or highways, and lower in rural, forest, and wetland areas.
How Much Is an Acre of Land in South Georgia?
The price per acre in South Georgia can be lower than in Atlanta, or North Georgia. On average, the land price ranges from $3,000 to $7,000 per acre. Remember that the exact price depends on the specific location, land use, and other facilities.
Is Buying Land in Georgia a Good Investment?
Yes, buying land in Georgia can be a good investment because it has huge potential for high demand. Georgia has a growing population, natural beauty, a transportation hub, farming options, recreational land, etc. So, these are all signs of big profits from real estate investment in this state.
