How Much Does 1 Acre of Land Cost in Georgia?

Georgia is a state rich in natural beauty and economic potential. This state has many wonderful places to buy land, from beautiful mountains in the north to lush agricultural plains in the south. Recently, land prices in Georgia have been on the rise. According to the USDA report, the price for an acre of farmland increased from $3,960 in 2022 to $4,350 in 2023, marking a significant 9.8% rise​. Investing in land here means tapping into a market with growing value. However, these are only average prices, and many factors can affect the price of land you are interested in.. Let’s take a look at some of these factors.

Factors That Affect the Cost of Land in Georgia

1. Location

The cost of land in Georgia can vary widely based on the region. For example, land in North Georgia, known for its mountains and outdoor recreation, often has higher prices. In contrast, South Georgia, with its flat and fertile agricultural land, might be more affordable. Coastal Georgia also tends to have higher prices due to its desirable waterfront properties and proximity to the ocean.

2. Land Use

The intended use of the land plays a crucial role in determining its cost. Agricultural land, typically used for farming and livestock, is usually less expensive than residential or commercial land. Residential land prices can vary based on the proximity to schools, parks, and other amenities. Commercial land, suitable for businesses and industries, often has the highest prices due to its potential for generating income.

3. Accessibility

Land that is easily accessible by roads and highways and close to urban centers generally comes with a higher price tag. Being near cities like Atlanta or Savannah can significantly increase land value due to the convenience and economic opportunities these locations provide. Additionally, properties near transportation hubs or public transit systems are typically priced higher.

4. Utilities and Infrastructure

The availability of utilities such as water, electricity, and sewage systems can greatly impact land prices. Land that is already connected to these services or is in close proximity to existing infrastructure will typically cost more. Conversely, undeveloped land that lacks these utilities might be more affordable per square acre but will require additional investment to make it habitable or usable for farming or business.

North Georgia Land Prices

1. Mountain Land

North Georgia’s mountainous regions are known for their stunning views and outdoor recreational opportunities. These areas are greatly desired, leading to higher land prices. For example, land in the Blue Ridge Mountains often attracts buyers looking for vacation homes or retirement properties. According to LandSearch, the cost per acre in North Georgia can range from $7,000 to over $20,000, depending on the specific area and its amenities.

2. Foothills and Piedmont

The foothills and Piedmont areas of North Georgia offer a mix of rolling hills and accessible terrain, making them popular for residential and agricultural purposes. Land prices here are generally moderate, influenced by proximity to urban centers like Atlanta. As per AcreTrader, land in these areas can range from $5,000 to $15,000 per acre, depending on the level of development and accessibility. Areas like Morgan County and Hancock County are prime examples where land prices reflect these characteristics.

Central Georgia Land Prices

1. Rural Land

Central Georgia is known for its vast rural landscapes, which are ideal for farming or recreational use. The cost of land in these areas is relatively affordable compared to other parts of the state. According to LandSearch, prices can range from $3,000 to $8,000 per acre. This affordability makes it attractive for those looking to invest in agricultural activities or seeking large tracts of land for personal use. Burke County and Hancock County are notable areas where rural land prices are favorable.

2. Residential Development

Areas closer to cities like Macon in Central Georgia see higher land prices due to their development potential. The proximity to urban amenities and the potential for residential communities drive up the prices. Land in these areas can range from $7,000 to $15,000 per acre, as noted by AcreTrader. The demand for housing and commercial development keeps these prices competitive. Morgan County and Laurens County are examples where residential development is actively shaping land prices.

South Georgia Land Prices

1. Agricultural Land

South Georgia is well-known for its fertile soil, making it ideal for agriculture. The land here is often less expensive than in the northern parts of the state. Agricultural land prices in South Georgia can range from $2,500 to $6,000 per acre, according to AcreTrader. This affordability attracts many farmers and investors looking to engage in large-scale agricultural operations. Regions such as Grady County are particularly known for their extensive agricultural lands.

2. Residential and Recreational

Residential and recreational land in South Georgia offers moderate prices. Some areas are seeing rapid development, which can influence land costs. The average price per acre for residential and recreational land ranges from $4,000 to $10,000, depending on location and proximity to amenities, as highlighted by LandSearch. This makes it an attractive option for those looking to develop residential properties or invest in recreational land.

Coastal Georgia Land Prices

1. Prime Coastal Land

Coastal Georgia offers some of the most desirable properties, with prices reflecting the appeal of waterfront views. Land in prime coastal areas, like Savannah or the Golden Isles, can cost between $20,000 to $50,000 per acre, driven by their natural beauty and high demand​.

2. Inland Coastal Areas

A bit further inland, prices are more affordable. Land still close to the coast ranges from $10,000 to $25,000 per acre. These areas provide the benefits of coastal living without the high costs of beachfront properties​.

How to Evaluate True Land Value in Georgia

Evaluating the true value of land involves several key steps:

• Comparable Sales—Look at recent sales of similar properties in the area to figure out market value. This comparison helps you understand the going rate for land with similar features and locations.
• Land Appraisal—Hiring a professional appraiser gives you an accurate assessment of the land’s value based on its specific features and current market conditions.
• Future Development Plans—Check for any planned developments or zoning changes in the area. Information from local government websites and planning offices can be very useful for understanding how future projects might impact land value.

Benefits of Buying Land in Georgia

Best Practices for Buying Land in Georgia

When buying land in Georgia, it is advisable to get to know the local market. Check recent sales and compare prices to ensure you are making a good investment. An experienced real estate agent can guide you through this process, helping you find the right property and negotiate the best deal. Their expertise can save you time and help avoid potential pitfalls.

Visiting the land in person is a must. This allows you to spot any issues or see opportunities that might not be obvious in listings. It is also crucial to check local zoning laws to make sure the land can be used for your intended purpose. These steps will help you make a well-informed decision and feel confident about your purchase.

Mossy Oak Properties: Your Partner in Land Buying

Mossy Oak Properties specializes in connecting buyers with their ideal land in Georgia. Our team has a deep understanding of the local market and offers expert assistance throughout the buying process.   Whether you are looking for rural farmland, a residential lot, or a commercial property, we have an extensive range of Georgia land for sale. Our support doesn’t end at the sale. We are here to answer your questions and help you navigate land ownership complexities. Contact us today, and let us help you find your dream land in the beautiful state of Georgia.

REFERENCES:

• USDA annual Land Values Summary 2023
• Georgia Land for Sale – LandSerch
• Georgia Agriculture Overview – AcreTrade