How Much Is An Acre Worth In West Virginia- 2024 Latest Report

How Much Is An Acre Worth In West Virginia
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If you’re thinking about buying or selling land in West Virginia, regardless of purpose, you must have a precise idea about how much is an acre worth in West Virginia

On average, land in Virginia costs $2000 to $10,000 per acre. And this is not the final figure to estimate your land. This price range can vary depending on the land type (farmland/cropland/pasture), region, land use, and market trends. 

But worry not. In this article, I will disclose the land value per acre for different land types and purposes based on some recent study reports. So, let’s dig in.

How Much Is An Acre Worth In West Virginia

According to a 2024 USDA National Agricultural Statistics Service land value report,

“In the last 20 years, farmland value per acre in West Virginia has increased by about 3.6% each year reaching $3,800 per acre.”

Typically, the average land value per acre in West Virginia can range from $2,000 to $10,000 or more based on the land type, location, and zoning. 

Let’s have a quick overview of the average land value for different types of land in West Virginia:

Land TypeAverage Acre Price
Residential $5,000 – $10,000+
Agricultural Farmland$1,000 – $4,000
Timberland$2000 – $4500
Recreational (Hunting, Fishing)$1,000 – $5,000
Undeveloped Rural Land$1,500 – $3,000
Commercial Land$7,000 – $15,000+

As with real estate, location plays a big role in land prices. West Virginia’s mountainous terrain makes it unique but this can reduce the costs.

However, West Virginia’s forests are a natural resource, and timberland can be a smart investment, often lands here seem to be selling for prices around $1,500 to $2,500 per acre.

Eastern Panhandle which is close to Washington D.C. and Northern Virginia, sees higher land values. An acre in Berkeley or Jefferson County could cost between $7,000 and $10,000 due to the closeness to urban areas and high demand for residential development. 

If you are thinking about selling land in West Virginia within these areas, luck will gonna favor you for sure.

Besides, land prices in Southern Coalfields which is best known for its mining history are generally lower, ranging from $1,500 to $3,000 per acre. 

However, timberland prices can vary based on the quality of trees and the potential for harvesting. A mature, well-managed timber plot may sell for as much as $3,000 to $4,500 per acre, especially if it has easy access to logging roads.

Well, different types of land such as farmland, cropland, etc. are another reason for land value variation in West Virginia. In this case, let’s have a look at the price variation, then.

How Much Is Farmland Value in West Virginia?

How Much Is Farmland Value in West Virginia

According to the West Virginia Department of Agriculture, farmland covers about 3.6 million acres in the state. Well, the above chart shows the farmland price per acre from 2017 to 2023 of different countries in West Virginia. 

You can see that McDowell has the highest farmland value per acre, and Mingo has the lowest land value.

Farmland Value Per Acre in West Virginia (2015-2024)
Year Avg VPA
2015$2,630
2016$2,620
2017$2,640
2018$2,650
2019$2,680
2020$2,730
2021$2,820
2022$3,080
2023$3,300
2024$3,420

Farmland usually costs less, often between $2,000 and $3,500 per acre and you can see this from the table above. But here the land value can vary depending on the soil quality and how close it is to markets.

How Much Is Cropland Value in West Virginia?

How Much Is Cropland Value in West Virginia?

Cropland especially for agricultural purposes has a higher land value. The above chart shows a higher increase in cropland value in West Virginia. 

Cropland Value Per Acre in West Virginia (2015-2019)
Year 20152016201720182019
Avg VPA$3,290$3,220$3,250$3,250$3,280
Cropland Value Per Acre in West Virginia (2020-2024)
Year 20202021202220232024
Avg VPA$3,310$3,390$3,700$3,920$4,000

Cropland value in West Virginia was $3,290 in 2015 and now it has gone up to $4,000 per acre on average.

How Much Is Pasture Land Value in West Virginia?

Pasture land or reaches is a category of cropland used for cattle, sheep, horses, etc. Almost 24% of all the land in West Virginia is used for farming, which adds up to 3.6 million acres of cropland, pastureland, and timber.

Pasture Value Per Acre in West Virginia (2015-2019)
Year 20152016201720182019
Avg VPA$2,040$2,060$2,100$2,090$2,120
Pasture Value Per Acre in West Virginia (2020-2024)
Year 20202021202220232024
Avg VPA$2,150$2,180$2,200$2,200$2,250

And pasture land value is comparatively lower than the farmland or cropland value. Over the past 20 years, the price of pastureland per acre in West Virginia has increased by an average of 3.8% each year. 

From the above table, you can see the land value now is $2,250 per acre.

Final Words

Finally, you have enough idea of how much is an acre worth in West Virginia. When looking for land in West Virginia, prices can vary greatly depending on the location, size, and how you plan to use it. 

Whether you’re seeking farmland, timberland, or a residential real estate farmland, the cost per acre can range from $1,500 to over $10,000.

However, if you are thinking of selling land in West Virginia, hiring a professional can help you sell without any hassle and at the best possible price that suits your needs.

FAQs

How much is 1 acre of land worth in WV?

The average cost for 1 acre of land in West Virginia ranges from $2,000 to $10,000. This can vary depending on location, land use, and other factors. According to a recent study, The average price of farmland in West Virginia is $4,700 per acre.

What is the cheapest place to buy land in West Virginia?

Some of the least expensive land can be found in the southern coalfields and central counties, such as Mingo. In these places, prices can range from $1,500 to $3,000 per acre.

Is land in West Virginia a good investment?

Yes, land in West Virginia can be a smart investment, especially for farming, timber, or recreation. As more people look for rural property, land prices are going up.

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Jeremy is a real estate professional and co-owner of Super Land Buyers with over a decade of experience. He is passionate about making land transactions simple and stress-free for sellers across the U.S. Transparency and trust are at the heart of Jeremy’s approach. That’s why he has developed a reputation and gained popularity for providing fast, fair cash offers and guiding landowners.

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