North Mississippi Land for Sale - 947 Properties (2024)

FAQs

How much is land per acre in Mississippi for sale? ›

What is the cost of land in Mississippi? Land for sale in Mississippi includes nearly 400,000 acres of farms, rural properties and hunting land. An acre of land can be purchased for $86,956 at the median price, with $197,400 as the median list price for property.

Investment Potential

While land values are increasing in Mississippi, prices still remain affordable compared to other areas of the country. Purchasing land now can pay off decades later or be sold quicker for a profit if the market continues rising.

An abundance of land means an abundance of opportunity, and an abundance of opportunity often means cheaper prices – both for the land and existing homes in the surrounding area. With so many options to choose from in the MS housing market, you're bound to find the perfect home with little competition.

In terms of its size, Mississippi is the country's 32nd-largest state, covering an area of 48,434 square miles (31 million acres).

The cheapest land in the United States is located in New Mexico, Arizona, Michigan, Colorado, and Texas. However, it's important to note that the price per acre of a piece of property is dependent on several factors, including location and the type of land.

Persons who are 65 years of age and older or who are disabled, upon application and proof of eligibility, are exempt from all ad valorem taxes up to $7,500.00 of assessed value. The application for exemption must be filed with the individual county on or before April 1.

A person requesting homestead exemption must make a written application, must be a natural person, the head of a family, have ownership and eligible property, occupy the dwelling as a home, and be a Mississippi resident. Each of these requirements are discussed in detail.

In Mississippi, all property is subject to a property tax unless it is exempt by law. Where do my property taxes go? Property tax revenues are used to support county and city governments, and local school districts.

The cheapest place to live in Mississippi is Jackson. It offers one of the most affordable utilities in the state, which is 12.8% lower than the national average. » 7 Cheapest Places to Live in Mississippi: Find out the other cheapest places to live in Mississippi.

Who owns most of the land in Mississippi? ›

Mississippi. The largest landowner in Mississippi is Gaylon Lawrence, Jr., which owns more than 180,000 acres of land.

In Mississippi, you can sell several types of land for cash, including vacant residential lots, raw acreage /undeveloped land, timber land, hunting land, farmland, and more. As long as you fully own the land and have a clear title with all taxes paid, you can likely find buyers willing to purchase it with cash.

The average cost of land in Mississippi

According to the USDA's 2022 data, the average for an acre of Mississippi land is approximately $3,000.

According to HomeAdvisor, building a new home in Mississippi may cost between $180,000 and $300,000. The total expense depends on location, design, and materials. This is usually $100 to $155 per square foot for the typical home in Mississippi.

Compared to Northeast and West Coast markets, land here provides much higher potential yields. The state contains ample farmland, mineral deposits and over 18 million acres of timber - the second most in the country. For investors targeting resource-linked land plays, Mississippi provides a strategic long-term supply.

The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,800 per acre for 2022, up $420 per acre (12.4 percent) from 2021. The United States cropland value averaged $5,050 per acre, an increase of $630 per acre (14.3 percent) from the previous year.

Delta Cropland Values and Rents

Dry and irrigated cropland values in the Mississippi Delta Region edged up from 2017 into 2018. Delta dry cropland averaged $3,522 per acre in 2018 while Delta irrigated cropland averaged $4,746 per acre.