Land Watch New York (2024)

FAQs

How much is 1 acre of land worth in NY? ›

From 2017 to 2021 the average farm real estate average value per acre in the northeast rose from $5,380 to $6,000 in 2021. During the same time period, the average farm real estate average value per acre in New York was from $3,160 to $3,270.

In fact, according to the United States Department of Agriculture, land value in New York state is more affordable per acre than every other state in the northeast except for Maine. This is because there is an abundance of acreage available in Upstate New York.

New York's farmland is diverse, with a mix of fertile valleys, rolling hills, and mountains. The state's agriculture industry is varied, with dairy farming, fruit production, and vineyards being prominent. Crops such as apples, grapes, and and sweet corn are primary products.

With tens of thousands of properties and rural land for sale in the state, LandWatch features a combined 259,438 acres of land for sale in the state. The average price of rural properties, ranches, hunting land and other rural acreage for sale in New York is $808,938.

Arizona is the cheapest state to buy land with a median price of $4,164 per acre. New Mexico is the second cheapest state to buy land with a median price of $6,000 per acre.

The cheapest land in the United States is located in New Mexico, Arizona, Michigan, Colorado, and Texas. However, it's important to note that the price per acre of a piece of property is dependent on several factors, including location and the type of land.

Investing in land in Upstate New York presents a promising prospect for the appreciation of land value over time. The region's scenic landscapes and proximity to urban centers make it an ideal location for future development.

While it's true that buying a house in New York City can be expensive, the cost to rent in the city is also fairly high. For those who can afford the upfront costs of homeownership, buying a home in NYC can be a good investment.

LaGuardia Airport: The airport closest to New York City is the new front-runner. If you're flying domestically to or from New York, LaGuardia Airport could be your best bet.

Agricultural Unit

To qualify for agricultural assessment: Land generally must be a minimum of 7 acres and farmed by a single operation. Land must be used for crop production, commercial boarding of horses or livestock production.

Where does NY rank in agriculture? ›

New York is a major agricultural state, ranking in the top ten in production of 30 commodities. It is the second largest producer of apples, snap beans, and maple syrup. It ranks third in cabbage, grapes, and dairy, which is the largest segment of the State's agricultural sector.

The Finger Lakes region is the center of state agriculture.

Multi-acre parcels without notable water features usually cost roughly $10,000 per acre. Ample residential lots in town cost around $20,000 for a 2/3 acre plot. If you're interested in lake life, you'll pay $125,000 or more for a 1/2 acre or less of waterfront property.

The One-Dollar Homeownership Program is the answer. These government owned properties are sold to community residents who wish to revitalize neighborhoods through affordable owner-occupied homeownership.

Specifically, homestead laws allow individuals to declare a portion of their property as "homestead" and therefore protected from a forced sale. Under New York's homestead protection law, the amount property owners may declare exempt varies based on county location and range from $75,000 to $150,000.

The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,800 per acre for 2022, up $420 per acre (12.4 percent) from 2021. The United States cropland value averaged $5,050 per acre, an increase of $630 per acre (14.3 percent) from the previous year.

The New York metro area also has the highest average price per acre at more than $5 million, followed by San Francisco, Honolulu, and Jersey City–directly across from Manhattan—where land is worth $3.3 million per acre. Los Angeles is fifth at $2.7 million per acre.

The off-market sale of the 236-acre biodynamic farm closed earlier this month for an impressive $13.75 million. Serial entrepreneurs and power couple Chid Liberty and Georgie Badiel Liberty reportedly sold their massive upstate property in Rhinebeck, New York, according to Black Enterprise.

New York is the 27th-largest U.S. state by area, with a total area of 54,556 square miles (141,300 km²). N.Y.