The Most (and Least) Valuable States

Print Email

21. Georgia
> Value of land per acre:
$14,242
> Total value: $528 billion (12th highest)
> Total acres: 37.1 million (20th highest)
> Percent land mass rural: 91.7% (12th lowest)

Just 5.8% of all land in the lower 48 states is developed, but that area accounted for more than 50% of the total land value. Slightly less than 10% of the Georgia’s total land mass is developed, but it accounts for under 40% of the total land value of the state. The state’s total value of $528 billion is 12th overall, but per acre, Georgia ranked 21st.

22. Louisiana
> Value of land per acre:
$12,908
> Total value: $354 billion (23rd highest)
> Total acres: 27.4 million (17th lowest)
> Percent land mass rural: 95.4% (21st lowest)

Compared to the rest of the country, only a small percentage of Louisiana’s total property is owned by the federal government, at just 6.2%. By contrast, the U.S. government owned 23.6% of area in the lower 48 states. Federal land tends to be worth less, but the small percentage of federally-owned land in Louisiana accounts for a slightly higher 6.5% of the state’s total value.

23. Alabama
> Value of land per acre:
$12,356
> Total value: $400 billion (18th highest)
> Total acres: 32.4 million (22nd lowest)
> Percent land mass rural: 95.6% (22nd lowest)

Across the contiguous U.S., just 5.8% of all land is considered developed, but that area accounted for more than half the total value of the nation. In Alabama, 7% of the total land mass is developed, and that accounts for just 27.9% of the state’s total value. The state’s land value of $400 billion is 18th overall, but per acre, Alabama ranks 23rd. Lower home values tend to occur in places with less valuable land. However, Alabama’s typical home value of $125,600 is the fifth lowest in the continental United States, while its property value per acre is just about average.

24. West Virginia
> Value of land per acre:
$10,537
> Total value: $162 billion (12th lowest)
> Total acres: 15.4 million (9th lowest)
> Percent land mass rural: 97.3% (21st highest)

West Virginia’s total acreage is estimated to be worth just over $160 billion, 12th lowest in the country. Per acre, the land is more valuable, however, ranking 24th at $10,500 per acre. Across the continental U.S., 5.8% of all land is developed, but that area accounts for more than half the total value of the nation. In West Virginia, 7% of the total land mass is developed, but that accounts for just 17.4% of the state’s total value.

25. Wisconsin
> Value of land per acre:
$9,924
> Total value: $344 billion (24th highest)
> Total acres: 34.7 million (24th lowest)
> Percent land mass rural: 96.5% (24th highest)

Just 6.3% of Wisconsin’s total acreage is owned by the federal government, versus 23.6% of the land in the continental U.S. Federal land tends to be less valuable than private land, and in the state, it accounted for just 2.6% of the state’s total valuation, less than a third of the value of the proportion owned by the U.S. government across the lower 48 states. In the continental U.S., farmland accounted for 47% of all land, but just 8% of the total value. In Wisconsin, farmland makes up 43.7% of the total area, but accounts for less than 15% of its value.