Ohio Houses With Land for Sale - 1,364 Properties (2024)

FAQs

What is the average price of 1 acre of land in Ohio? ›

According to the World Population Review, the average price for an acre of land in Ohio is around $32,000. However, the average cost per acre for farmland in Ohio is around $7,200, which brings down the overall average.

There are 568 available properties to buy in Ohio listed at $449,926 on average, with each acre priced at $34,522. For more properties near here, browse land for sale in Ohio.

Unlike other investments of value, buying land is often a safe investment. Land is a limited resource, has permanence, and appreciates in value. In fact, land won't depreciate, even raw and undeveloped land. Buying land in Ohio offers myriad uses if you follow zoning regulations.

Most houses are purchased and the owner receives a fee simple title. This means that they own the land and all fixtures including the house. However, there is such a thing as a land lease whereby someone can own the structure, but not the land.

According to Wisevoter, Arizona is the cheapest state in the United States to buy land. As of 2023, Arizona's median price per acre is only $4,164.

The cost to build a house in Ohio ranges from $90 to $200 per square foot. A typical Ohio home is around 1,620 square feet, which provides an overall average cost range estimate of $146,250 to $324,000.

We like to graze our cow on pasture at least half the year so about two to three acres is a good amount of land. The dryer the climate, the more land will be required.

Five acres could be a square that's 466.7 feet on each side. Or it could be a circle with a diameter of 526.6 feet. Or a rectangle that's 1 foot wide and 41.25 miles long.

On lots less than five acres, they can regulate buildings or structures as to size, setback in height, and then on lots that are less than five acres or at least 35% of the lots have been developed, they can regulate livestock and poultry.

Why is Ohio land so expensive? ›

As of 2023, the average value of farm real estate in Ohio was $7,400 per acre, marking a 10.4% increase from the previous year according to the USDA's Land Values Summary. This upward trend in land values reflects the state's robust agricultural sector and growing real estate market.

"To analyze what land will give you the fastest and quickest return over time, look at long-range historical trends in population growth, employment growth, household income growth, personal income growth and gross county product to understand the trend in the demand for land versus the supply of land," says Dean D.

Higher Resale Value

When deciding whether to buy a land vs. house for investment, it is important to consider its potential for its higher resale value. On this note, it is necessary to keep in mind that a plot of land is typically easier to sell than a home.

The Homestead Exemption program allows senior citizens and permanently and totally disabled Ohioans that meet annual state set income requirements to reduce their property tax burden by shielding some of the market value of their home from taxation.

You pay real estate taxes on the assessed value (35% of the property's appraised value) of your property. The assessed value of the property multiplied by the effective tax rate of voted levies equals the amount owed.

The 2022 average Ohio farm real estate value, including land and buildings, averaged $7,200 per acre, according to Cheryl Turner, State Statistician of the USDA, NASS, Ohio Field Office. Farm real estate values in Ohio were up 9.1 percent from 2021.

As of 2023, the average value of farm real estate in Ohio was $7,400 per acre, marking a 10.4% increase from the previous year according to the USDA's Land Values Summary. This upward trend in land values reflects the state's robust agricultural sector and growing real estate market.

The value of an acre of land varies quite a bit depending on a number of factors. The average cost of land in the contiguous United States is about $12,000 per acre.