Dreaming of owning a piece of North Carolina’s picturesque landscapes? Whether you’re seeking a rural retreat, a prime investment opportunity, or a place to build your dream home, understanding land prices is crucial.
So, how much is an acre worth in North Carolina? While average land prices can provide a general overview, it’s essential to remember that the value of an acre in North Carolina can vary significantly depending on various factors.
In this blog post, we’ll delve into the different types of land available in North Carolina and explore how Super Land Buyers can help with your land-buying decisions.
Let’s embark on this journey together!
How Much Is an Acre Worth in North Carolina?
| Types of Land in North Carolina | Lowest Price Per Acre | Highest Price Per Acre |
| Residential Land | $5,000 | $10,000 |
| Commercial Land | $10,000 | $50,000 |
| Industrial Land | $20,000 | $100,000 |
| Recreational Land | $1,000 | $5,000 |
| Agricultural Land | $4,700 | $5,200 |
| Forest Land | $1,000 | $3,000 |
Residential Land Price in NC Per Acre
While the average price for farmland in North Carolina is around $5,150 per acre, it’s crucial to remember that this is just a starting point. Land prices can vary significantly depending on location, size, amenities, and other factors.
Super Land Buyers’s research team has gathered recent data on it. They found out that there were 24,130 recorded land sales in the state, with a median price of $8,028 per acre. This information highlights the diversity of land values across North Carolina.
Industrial Land Price in North Carolina Per Acre
The Industrial land prices in North Carolina can vary significantly based on location, zoning, and other factors. Super Land Buyers have found some industrial properties for sale in different areas of the state:
- Wilson, NC: Multiple properties near Downtown with a price range of around $4.5 million.
- Charlotte, NC: A neighborhood center priced at approximately $4 million.
- Morganton, NC: A Charlotte Area Storage property with an automated gate, priced at about $1.2 million.
- Raleigh, NC: A rare flex building for owner-occupants, priced around $3.1 million (delivering in July 2023).
- Pink Hill, NC: An industrial warehouse with a price tag of approximately $1.25 million.
- Murfreesboro, NC: The Metal Tech – Industrial Asset, priced at around $4.75 million (with an 8.50% CAP and 3% annual increases).
- Swannanoa, NC: An industrial building with a price range of about $3.5 million.
Recreational Land Price in NC Per Acre
Recreational land prices in North Carolina can vary significantly depending on location, amenities, and market demand. Here’s a breakdown of general price ranges and key factors to consider:
- Coastal Areas: Recreational land near the coast, such as the Outer Banks or Wilmington, typically commands 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 Blue Ridge Mountains offers scenic views and outdoor recreational opportunities. Prices may range from $5,000 to $50,000 per acre.
- Lakefront Properties: Land with waterfront access to lakes like Lake Norman or Lake Wylie can be highly desirable. Prices can vary widely depending on the size of the lake and the property’s location.
Agricultural Land Price in NC Per Acre
Agricultural land prices in North Carolina can vary significantly depending on location, soil quality, and market demand. Super Land Buyers has the estimated price ranges that you can consider:
- 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: Land in regions known for agriculture, such as the Piedmont or the Coastal Plain, may have higher prices ranging from $5,000 to $20,000 per acre.
- Near Urban Centers: Agricultural land near major cities or growing urban areas can be more valuable, ranging from $10,000 to $50,000 per acre.
Important Factors Behind Land’s Worth in NC
North Carolina’s diverse landscape and thriving economy offer a range of land investment opportunities. Understanding the factors that drive land values is crucial for making informed decisions.
- Location: Proximity to major cities, coastal areas, and amenities.
- Zoning: Permitted land use and development potential.
- Land Size: Larger tracts of land tend to be more valuable.
- Amenities: Access to infrastructure, utilities, and recreational facilities.
- Economic Factors: Local economic growth, job markets, and development plans.
- Market Trends: Supply and demand fluctuations, interest rates.
By carefully considering these factors, you can identify promising land investment opportunities and make informed decisions.
Conclusion
Now, we have come to an end. So far, we have discussed how much is an acre worth in North Carolina. I hope that can help you!
Understanding the factors influencing land values in North Carolina is crucial for making informed investment decisions. By considering location, zoning, land size, amenities, and economic factors, you can identify promising opportunities and maximize your investment potential.
Remember that 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.
