Special Report
America's Most (and Least) Valuable States
June 3, 2015 5:57 am
Last Updated: December 4, 2019 7:28 am
16. South Carolina
> Value of land per acre: $17,610
> Total value: $339 billion (24th lowest)
> Total acres: 19.3 million (10th smallest)
More than 9% of South Carolina land was developed. While this was one of the higher percentages nationwide, developed land accounted for just over 25% of the state’s overall value, a relatively small percentage. South Carolina is one of the smaller states in the country, with a total of 19.3 million acres.
ALSO READ: The States Where Income is Booming (or Not)
17. Indiana
> Value of land per acre: $16,903
> Total value: $387 billion (21st highest)
> Total acres: 22.9 million (12th smallest)
Unlike most states, Indiana had relatively large percentages of land classified as both developed and as farmland. Nearly 11% of the state was developed, and 64.5% was agricultural, each the 11th highest such figures nationwide.
18. Washington
> Value of land per acre: $16,752
> Total value: $716 billion (10th highest)
> Total acres: 42.7 million (19th largest)
While only 6% of land in Washington was developed, this property accounted for more than half of the state’s total value of $716 billion, the 11th highest proportion in the contiguous U.S. Perhaps as a result, an acre of land in Washington was worth nearly $17,000 on average, over $4,000 more than the average value nationwide.
ALSO READ: The 9 Most Leading Product Claims
19. North Carolina
> Value of land per acre: $16,230
> Total value: $506 billion (14th highest)
> Total acres: 31.2 million (21st lowest)
North Carolina’s total acreage was estimated to be worth just over $500 billion, which was 14th in the country. Per acre, land in the Tar Heel State was worth $16,200, ranking 19th in the continental U.S. Just over 10% of the state’s area was considered developed, compared to 5.8% of the lower 48 states.
20. Tennessee
> Value of land per acre: $14,411
> Total value: $380 billion (22nd highest)
> Total acres: 26.4 million (16th smallest)
An average acre of land was worth $14,400 in Tennessee, just higher than the $12,100 per acre in the lower 48 states. Like in other states, a large portion of Tennessee’s value came from its developed land, even though this accounted for less than 10% of the state’s land.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.