Dreaming of owning a piece of Georgia’s beautiful landscapes? Whether you’re looking to invest in farmland, build your dream home, or simply secure a piece of property, understanding land prices is crucial.
So, how much is an acre worth in Maryland? Usually, an acre of land in Maryland’s rural areas can cost anywhere between $4,000 and $9,000 this year. However, don’t make any quick decisions based solely on this range, as the type of land you’re interested in plays a significant role in determining its value. For instance, rural land or forested areas might be priced lower, ranging from $500 to $15,000 per acre. On the other hand, land near urban centers or with development potential can be considerably more expensive, sometimes reaching $50,000 or more per acre.
So, let’s take the first step to know how much an acre is worth in Maryland. In this blog post, we’ll learn about the different types of land available in Maryland. Also, how their respective values, help you take the first step toward making your land ownership dreams a reality.
Let’s start!
How Much Is an Acre Worth in Maryland?
| Types of Land in Maryland | Lowest Price Per Acre | Highest Price Per Acre |
| Residential Land | $20,000 | $100,000 |
| Commercial Land | $50,000 | $300,000 |
| Industrial Land | $50,000 | $500,000 |
| Recreational Land | $5,000 | $50,000 |
| Agricultural Land | $3,000 | $20,000 |
| Forest Land | $500 | $5,000 |
Residential Land Price in MD Per Acre
The price range of residential lands starts from $20,000 to $100,00. However, residential land prices in Maryland can vary significantly depending on location, amenities, and market conditions.
- Urban Areas: Prices in major cities like Baltimore, Annapolis, and Bethesda tend to be higher due to demand and proximity to amenities. Expect to pay anywhere from $50,000 to $200,000 per acre or more.
- Suburban Areas: Suburban areas offer a balance of urban convenience and a more relaxed lifestyle. Prices typically range from $20,000 to $100,000 per acre.
- Rural Areas: Rural areas generally have lower land prices, ranging from $5,000 to $30,000 per acre. However, prices can vary depending on factors like soil quality, water access, and proximity to major roads.
Commercial Land Price in Maryland Per Acre
Commercial land in major cities like Baltimore, Washington D.C., and Annapolis typically commands higher prices due to increased demand and development potential. The Super Land Buyers’s Research Team has discovered that prices can range from $50,000 to $300,000 per acre or more.
How have they done it? Well, the Research Team has figured out that, Maryland’s commercial real estate market has been relatively stable. However, some fluctuations are due to economic conditions and changes in demand. Yet, It’s important to stay updated on current market trends and consult with local experts for the exact prices.
Industrial Land Price in Maryland Per Acre
- Urban Areas: Industrial land in major cities like Baltimore and Baltimore County typically commands higher prices due to increased demand and development potential. Prices can range from $100,000 to $500,000 per acre or more.
- Suburban Areas: Industrial land in suburban areas may offer more affordable options, with prices ranging from $50,000 to $200,000 per acre.
- Rural Areas: Industrial land in rural areas is generally more affordable, but may have limited development potential. Prices can range from $10,000 to $50,000 per acre.
Recreational Land Price in Maryland Per Acre
- Coastal Areas: Recreational lands near the coast, such as the Eastern Shore or Ocean City, typically command higher prices due to the desirable location and potential for tourism-related activities. Prices can range from $10,000 to $100,000 per acre or more.
- Mountain Regions: Land in the Appalachian Mountains or other mountainous areas can offer scenic views and recreational opportunities. Prices may range from $5,000 to $50,000 per acre.
- Lakefront Properties: Land with waterfront access to lakes or rivers is generally more valuable. Prices can vary widely depending on the size of the lake and the property’s location.
Agricultural Land Price in Maryland Per Acre
- Rural Areas: Agricultural land in rural areas typically offers more affordable options, with prices ranging from $2,000 to $10,000 per acre.
- Prime Agricultural Areas: Lands in regions known for agriculture, such as the Eastern Shore or the Delmarva Peninsula, may have higher prices ranging from $5,000 to $20,000 per acre or more.
- Near Urban Centers: Agricultural land located near major cities or growing urban areas can be more valuable, with prices ranging from $10,000 to $50,000 per acre.
Forest (Timberland) Land Price in Maryland Per Acre
- Rural Areas: Forestland in rural areas typically offers more affordable options, with prices ranging from $500 to $5,000 per acre.
- Near Urban Centers: Forestlands located near major cities or popular recreational areas may have higher prices, ranging from $2,000 to $10,000 per acre or more.
- Timber Quality: The type and quality of timber on the land can significantly impact value. Forests with valuable timber species like oak, maple, or hickory will generally command higher prices.
Important Factors Behind Land’s Worth in Maryland
Maryland’s diverse landscape offers a range of investment opportunities. You have to make informed decisions and consider factors like location, zoning, land size, amenities, and economic conditions. Proximity to major cities, transportation hubs, and desirable amenities can significantly increase land value. Zoning regulations determine permitted land uses and development potential. Larger tracts of land with good soil quality and access to infrastructure are generally more valuable. Stay updated on local economic trends and market fluctuations to make informed investment choices.
Conclusion
It’s time to wrap it up. So far we have discussed how much is an acre worth in Maryland. Hope you will get a proper idea of Maryland.
Remember, understanding the factors influencing land values in Maryland is essential for making informed investment decisions. By considering location, zoning, land size, amenities, and economic conditions, you can identify promising opportunities and maximize your investment potential.
Land prices can fluctuate over time. It’s advisable to conduct thorough research, consult with local real estate experts, and stay updated on market trends to make the best decisions.
FAQ
Is Land Expensive in Maryland?
Land prices in Maryland can vary significantly depending on location, type, and size. While some areas are more affordable than others, it’s generally considered a relatively expensive state for land purchases.
Where is 1 Acre of Land the Cheapest?
Rural areas and less developed regions of the state typically offer more affordable land prices. However, it’s essential to conduct thorough research and consider factors like accessibility, infrastructure, and zoning.
How Much Does it Cost to Clear an Acre of Land in Maryland?
The cost of clearing an acre of land can vary widely depending on the terrain, vegetation, and presence of any structures. It’s recommended to obtain quotes from local contractors for an accurate estimate.
