With over $500 million in active listings all across the United States, LandLeader is the premier resource for all things related to land in the United States, including Maine. Our current database of listings in Maine is 20+ and more than $5 million in value. Here we will be breaking down the average cost of land in Maine, as well as how you can get started purchasing your own Maine property today.
Cost of Land in Maine – Understanding Real Estate Prices and Trends
Maine is a state in the New England region of the United States, bordered by New Hampshire to the west; the Gulf of Maine to the southeast; and the Canadian provinces of New Brunswick and Quebec to the northeast and northwest, respectively. Geographically it is primarily known for its rocky bayshore coastlines, heavily forested interior, and smooth contoured mountains. Maines’s economy is heavily influenced by agricultural exports and commercial fishing.
Maine Real Estate Market
As it stands currently, according to the Maine Housing Report the real estate market for residential purchases has broken records with all-time highs in 2021 for sales (up 2.8%) and pricing (up 17%. Overall with the recent increases seen in Maine’s economic outlook, real estate values for both residential and rural land will continue to increase in value and income potential.
How Much Is Land In Maine?
With regard to rural land, according to the Agricultural Statistics Annual Bulletin, since 2016, the average value of farmland has risen from $2,210 per acre to $2,490 in 2021, an increase of 11%. While farmland is specific as an income producer, this is a great indicator of overall land value trends. To explore the values of larger, recreational, and residential land, check out our current inventory of Maine listings
The process of purchasing rural land in Maine can be as simple as browsing available listings that are currently on the market. Otherwise, you can contact us to get in touch with a local real estate expert to help you get started with knowledge of the entire state of Maine at your disposal.