Kansas Houses With Land for Sale - 401 Properties (2024)

FAQs

How much is one acre of land worth in Kansas? ›

Farm real estate value for 2023 averaged $3,060 per acre, up $430 per acre (up 16%) from last year. Cropland value increased 17% from last year to $3,440 per acre. Dryland cropland value averaged $3,320 per acre, $470 higher than last year. Irrigated cropland value averaged $4,700 per acre, $700 above a year ago.

Recent Initiatives for Free Land

In an effort to counter rural depopulation and stimulate growth, several Kansas towns have launched free land programs in recent years. This modern take on homesteading offers parcels of land at no cost to individuals willing to build homes and settle in these communities.

Over the last 20 years, kansas farmland has offered average returns of 12.53%. At this rate, $10,000 invested in farmland in 2003 would now be worth over $98,956. Farmland returns are made up of two values, land appreciation, and capitalization rates of the property.

THE LAND HAS HIGHER RESALE VALUE.

The reason is simple: the resale value of buildings depreciate really quickly whereas the value of land increases with time. While you may be able to instantly rent out a house or an apartment for a steady flow of cash, your property will continue to lose its value.

The ten states with the cheapest land are Arizona, New Mexico, Mississippi, Colorado, Arkansas, New York, Missouri, Oregon, Alabama, and Michigan. Arizona is the cheapest state to buy land with a median price of $4,164 per acre.

CRP also has protected the long-term productivity of the land, reduced the production of surplus com- modities, and provided income support for farmers. Currently, annual CRP payments in Kansas average about $53 per acre and total more than $153 million.

These Kansas towns included Marquette, Mankato, Lincoln, Plainville, Osborne and Wilson. Most of these towns are located in Central or North Central Kansas with populations that then did not succeed more than 1,850 per town.

Kansas has no property value maximum that can be designated homestead. However, they do have a maximum acreage amount that would effectively limit the property value saved. Depending on the location of the homestead property, the maximum acres that can be claimed as homestead vary.

Free land refers to tracts of land made available by the government at no cost or minimal cost to individuals or groups for various purposes such as settlement or development.

Kansas Land Prices and Values

Land prices in Kansas averaged $4,220 per acre in 2022 according to the Kansas Farm Management Association Land Value Survey.

Is buying land better than buying a house? ›

There are several decisions that need to be made when investing in a home. For example, remodeling, repairs, and even basic utilities. In contrast, it isn't even necessary to regularly visit your land, especially if you're buying it as an investment. You won't have to worry about paying any utility bills.

Sometimes a perfect piece of land comes up for sale, and you can't pass it up. So, you buy the property first and wait to build until a later time. One of the benefits of buying the land first is that it allows you to find the perfect location early on.

Land can be expensive to trade into and out of. There's real estate agent commissions, surveys, title insurance premiums, transaction taxes, etc. and all of these costs (those that you pay when you buy land and those that you pay when you sell it) reduce your profit.

Is buying land a good investment? In most cases, the answer is yes - as long as you're properly prepared. Investing in undeveloped land, however, isn't quite as simple as putting money down on a duplex. To ensure you're making an informed decision, we've outlined our top seven tips to know before purchasing land.

While California boasts huge upsides, the Golden State does have a few less favorable aspects: regulations on water usage, the cost of living is higher than other states, and wildfires are always a threat in the state's specific zones.

Farm real estate value for 2022 averaged $2,630 per acre, up $530 per acre (up 25%) from last year. Cropland value increased 24% from last year to $2,950 per acre. Dryland cropland value averaged $2,850 per acre, $600 higher than last year.

However, south-central Kansas saw the highest average price per acre, at $6,297. Pasture and hay land in 2023 in east-central and southeast Kansas saw an increase in value of 8.6%. And while northeast Kansas had the highest average value of $4,233 per acre, the value dropped 6.5% from 2022.

The average price of Kansas land parcels and rural property for sale is $471,838. Kansas's agricultural economy is dominated by grain and livestock production, with a focus on crops that thrive in the state's semi-arid climate. The top agricultural commodities include wheat, corn, cattle, and soybeans.

Figure 3 shows Kansas land values (as reported by National Ag. Statistics Service) going back to 1950. Land values were reported to increase by 25.2% in 2022 and 16.3% in 2023 which are large increases based on historical changes where about 1 in 4 years see an increase of more than 10%.