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New Jersey
$196,410
Rhode Island
$133,730
Connecticut
$128,824
Massachusetts
$102,214
Maryland
$75,429
Delaware
$57,692
New York
$41,314
California
$39,092
Ohio
$32,077
Pennsylvania
$31,923
Florida
$28,961
Michigan
$23,765
Illinois
$23,492
Virginia
$21,921
New Hampshire
$19,840
South Carolina
$17,610
Indiana
$16,903
Washington
$16,752
North Carolina
$16,230
Tennessee
$14,411
Georgia
$14,242
Louisiana
$12,908
West Virginia
$10,537
Wisconsin
$9,924
Minnesota
$8,191
Texas
$7,542
Vermont
$7,439
Oklahoma
$7,364
Missouri
$7,233
Kentucky
$7,209
Arkansas
$6,739
Iowa
$6,590
Oregon
$6,503
Colorado
$6,462
Maine
$6,142
Mississippi
$5,565
Utah
$4,664
Arizona
$4,328
Kansas
$4,220
Idaho
$3,435
Nebraska
$2,936
North Dakota
$2,517
Montana
$2,283
South Dakota
$2,135
Nevada
$2,116
New Mexico
$1,931
Wyoming
$1,558

Acre Value by State 2024

Acre Value by State 2024

Land is sold in acres. While people generally think of farmland when hearing about acres, all land can be measured by its acreage. Different states have different values for an acre of land. Additionally, within a given state, the farmland price can be different for land in more suburban and urban areas.

Price Per Acre for Farmland

As mentioned, most people think about farmland when they hear the word “acreage.” This is because farms, especially commercial ones, need plenty of space for animals, crops, and equipment.

Those looking for inexpensive farmland could check out New Mexico. This cost per acre in the state is only $610, according to 2022 data from the National Agricultural Statistics Service (a part of the USDA). Wyoming comes in second at $850 per acre. These are the only two states with an acre of farmland valued at under $1,000.

On the other end of the spectrum are states that most potential farmers should probably avoid. The most expensive farmland per acre is in Rhode Island, where an acre will cost you $17,500. Three other states with high prices are in the northeast as well. New Jersey ($15,400), Massachusetts ($15,200), and Connecticut ($13,700) all have high per-acre prices. This could be because all these states are small in land size, making their land more valuable.

The final state with a high cost of acreage is not small. California’s farmland acres are valued at $12,000 each.

Price Per Acre Overall

Most states with low or high value-per-acre for farmland generally have a similar rank in the value of acre overall for the state. For example, the two states with the lowest farm cost per acre have the lowest overall cost. Wyoming’s acreage is valued at $1,558 each, and New Mexico’s is $1,931.

Again, the most expensive acreage is located in the northeast of the U.S. New Jersey has an acreage cost of $196,410 per acre. That is more than 100 times more expensive than an acre in either of the two least expensive states. Rhode Island ($133,730), Connecticut ($128,824), Massachusetts ($102,214), and Maryland ($75,429) complete the top five most expensive states.

Acre Value by State 2024

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State
Overall Acre Value
Farmland
New Jersey$196,410$15,400
Rhode Island$133,730$17,500
Connecticut$128,824$13,700
Massachusetts$102,214$15,200
Maryland$75,429$3,700
Delaware$57,692$9,800
New York$41,314$3,450
California$39,092$12,000
Ohio$32,077$7,200
Pennsylvania$31,923$7,350
Florida$28,961$6,600
Michigan$23,765$5,850
Illinois$23,492$8,900
Virginia$21,921$5,100
New Hampshire$19,840$5,350
South Carolina$17,610$3,800
Indiana$16,903$8,000
Washington$16,752$3,100
North Carolina$16,230$5,150
Tennessee$14,411$4,700
Georgia$14,242$3,960
Louisiana$12,908$3,410
West Virginia$10,537$3,000
Wisconsin$9,924$5,700
Minnesota$8,191$6,150
Texas$7,542$2,650
Vermont$7,439$4,200
Oklahoma$7,364$2,250
Missouri$7,233$4,150
Kentucky$7,209$4,350
Arkansas$6,739$3,550
Iowa$6,590$9,400
Oregon$6,503$3,040
Colorado$6,462$1,770
Maine$6,142$2,860
Mississippi$5,565$3,000
Utah$4,664$2,810
Arizona$4,328$4,200
Kansas$4,220$2,630
Idaho$3,435$3,700
Nebraska$2,936$3,750
North Dakota$2,517$2,050
Montana$2,283$1,030
South Dakota$2,135$2,600
Nevada$2,116$1,060
New Mexico$1,931$610
Wyoming$1,558$850
Alabama$0$3,400
Alaska$0
District of Columbia$0$0
Hawaii$0
showing: 51 rows

Which state has the most valuable land?

The state with the highest acre value is New Jersey, where each acre is worth $196,410.

Frequently Asked Questions

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