With over $30 million in active land listings, LandLeader is the premier resource for all things rural real estate in the state of Montana. Being the largest network of land brokers in the U.S provides us access to some of the nation’s top rural real estate brokers and the most recent market statics. Here we will be breaking down just how much an acre of land is in Montana.
Montana is one of the most famous American states due to its breathtaking scenery, National Parks, rural lifestyle, and world-class hunting. It is the 4th largest state in the U.S while also being in the bottom 10 least populated. For these reasons, Montana is considered a refuge of the rural western American lifestyle.
Montana’s economy is primarily driven by agriculture including ranching and cereal grain farming. Other significant economic resources include oil, gas, coal, mining, and lumber. Montana’s fastest-growing sector is tourism; nearly 13 million tourists visit Glacier National Park, Yellowstone National Park, Beartooth Highway, Flathead Lake, Big Sky Resort, and other attractions annually
How Much Is An Acre Of Land Worth In Montana
Based on information collected by the United States Department of Agriculture National Agricultural Statistics Service, in 2021 the average cost of an acre of farm land in Montana was about $1,050 up 1.9% from 2020. This figure comes as an average of irrigated, non-irrigated, farmland. Pasture Land tells a similar story as well, being about $700 per acre in 2021, up 2.9% from 2020. With the prevalence of agriculture in Montana’s economy, this is a great indicator of overall land value. This however can range depending on various factors including specific land use, overall property size, and of course the location.
Getting A Value Estimate Of Your Land
To get a value estimate of land you currently own, there are a variety of ways you can approach this. Primarily, comparing similar property sales in close proximity will likely give you the closest range of value to expect at a sale. This is a great way to arrive at a benchmark estimate, but working with a local real estate professional alongside other professional services such as land surveyors will be your best option to find the most accurate value.
Buying Land In Montana
Getting started purchasing land in Montana can be as simple as browsing our inventory of listings currently available for sale. From there you will be able to contact a listing agent directly. Otherwise, feel free to contact us for more information about how to get in touch with a LandLeader partnered professional in Montana as soon as possible.