> Value of land per acre: $8,191
> Total value: $416 billion (17th highest)
> Total acres: 50.8 million (13th highest)
> Percent land mass rural: 97.9% (19th highest)
Minnesota is the 13th largest in the continental U.S. by landmass, but it ranks as only the 17th most valuable state. The state’s per acre value of $8,191 falls roughly middle of the road compared to other states. The state’s value per acre is likely reduced by the high share of Minnesota land devoted to agriculture. Farmland accounts for 53% of Minnesota’s total area compared to 47% of the entire country.
> Value of land per acre: $7,542
> Total value: $1.27 trillion (2nd highest)
> Total acres: 167.9 million (the highest)
> Percent land mass rural: 96.7% (23rd highest)
Texas is the largest of the lower 48 states, spanning roughly 168 million acres. Due to its sheer size, it is the second most valuable state in the country behind California. However, an average acre in Texas is worth just $7,500 compared to a national average value per acre of $12,100. A high share of agricultural land likely contributes to the state’s low value per acre. While just 47% of land in the contiguous states is agricultural, nearly 75% of land in Texas is devoted to agriculture.
> Value of land per acre: $7,439
> Total value: $44 billion (the lowest)
> Total acres: 5.9 million (7th lowest)
> Percent land mass rural: 98.3% (14th highest)
In addition to being one of the smallest states by acreage in the country, the land in Vermont is worth only $44 billion, the lowest valuation of any state in the contiguous U.S. Among states reviewed, 5.8% of land is considered developed, accounting for more than 50% of their total value. In Vermont, however, roughly the same share of land is considered developed, but it only accounted for 16.3% of the state’s total value, one of the lowest contributions in the country.
> Value of land per acre: $7,364
> Total value: $323 billion (23rd lowest)
> Total acres: 43.9 million (17th highest)
> Percent land mass rural: 98.1% (16th highest)
A large proportion of Oklahoma’s total acreage is made up of farmland. Nearly 80% of Oklahoma’s landmass is agricultural, which tends to be less valuable. In the lower 48 states, just 47% of all land is agricultural. That is the sixth highest figure in the continental U.S. That property made up only 13.6% of the state’s total land value, however, which is 13th-most among the lower 48 states.
> Value of land per acre: $7,233
> Total value: $318 billion (22nd lowest)
> Total acres: 44.0 million (16th highest)
> Percent land mass rural: 97.0% (22nd highest)
While just 47% of land in the lower 48 states is agricultural, 66% of land in Missouri is farmland, the 9th highest percentage of states reviewed. The value from agricultural land in the state is also much higher than elsewhere in the country. More than one-fifth of Missouri’s $318 billion valuation is attributed to agriculture, a significantly higher share than the 8% attributed to agricultural land in the lower 48 states.