How Much is an Acre of Land in North Carolina? (2024)

When exploring real estate opportunities, one of the most common questions asked is, “How much is an acre of land in North Carolina?” The answer varies depending on several factors, including location, land type, and intended use. Overall, the price per acre in North Carolina averages around $20,300, but this figure can fluctuate significantly based on the specific characteristics of the land.

How Much is an Acre of Land in North Carolin in 2024? = $20,300

How Much is an Acre of Farm Land in North Carolina in 2024? = $4,850

How Much is an Acre of Land in North Carolina: Factors Influencing Land Prices

Understanding how much is an acre of land in North Carolina costs requires delving into various influencing factors:

1. Location: Land prices in North Carolina can vary widely depending on whether you are looking in a rural, suburban, or urban area. Land near cities like Raleigh, Charlotte, or Asheville tends to be more expensive compared to rural parts of the state. Proximity to amenities, scenic views, and development potential also play significant roles in determining how much is an acre of land in North Carolina.
2. Land Type: Not all land is priced equally. For instance, farmland in North Carolina has a different valuation compared to residential or commercial land. On average, farmland per acre in North Carolina is about $4,850, significantly lower than the overall price per acre. This discrepancy highlights how the intended use of the land affects its price.
3. Land Features: Natural features such as rivers, lakes, forests, and mountain views can increase the cost of an acre of land. Accessibility, topography, and soil quality also play a part in how much is an acre of land in North Carolina, especially for agricultural purposes.
4. Market Demand: Like other real estate, the price of land is influenced by market demand. Areas experiencing rapid growth or high interest from developers will often see higher prices. For example, coastal areas or regions popular for vacation homes can command a premium.

Average 1 Acre Prices in North Carolina

So, how much is an acre of land in North Carolina on average? As mentioned, the overall price is approximately $20,300 per acre. This figure encompasses various types of land, including residential, commercial, and recreational plots.

However, if you’re specifically interested in farmland, the price per acre of farmland in North Carolina is notably lower at about $4,850. Farmland prices are generally influenced by soil fertility, water availability, and accessibility to markets. Understanding these variances helps in pinpointing how much an acre of land in North Carolina might cost based on its use.

Tips for Buying Land in North Carolina

When considering how much is an acre of land in North Carolina, it’s important to do your due diligence. Here are a few tips:

• Research the Area: Explore the average costs in your area of interest and compare it with state averages. Understanding local market trends can help determine if the price is reasonable.
• Inspect the Land: Always conduct a thorough inspection of the land, checking for any issues that could affect its value, such as zoning restrictions, environmental hazards, or access challenges.
• Work with Professionals: Engaging with real estate agents, surveyors, and land experts familiar with North Carolina’s market can provide valuable insights into how much is an acre of land in North Carolina.

If you have land to sell in North Carolina, let us know! We are buying land throughout the entire state of North Carolina and throughout the entire United States!!

Conclusion

In summary, answering the question, “How much is an acre of land in North Carolina?” depends on numerous factors, including location, land type, and market demand. While the overall average price per acre is around $20,300, farmland typically costs less at about $4,850 per acre. By understanding these price points and conducting careful research, prospective buyers can make informed decisions when investing in North Carolina’s diverse landscape.