North Mississippi Land for Sale - 947 Properties (2024)

FAQs

How much is 1 acre of land worth in Mississippi? ›

The average cost of land in Mississippi

According to the USDA's 2022 data, the average for an acre of Mississippi land is approximately $3,000.

Low Property Taxes

Annual average property taxes on land in Mississippi are only 0.4% of the property's value - one of the lowest rates in the U.S. This keeps long-term carrying costs lower for owners.

Mississippi Land prices are rising, which means that land in the Magnolia state could be an extremely good investment. However, before you go ahead and buy Mississippi land, you need to consider your investment goals. Do you plan to hold onto your land for just a few years and then sell it as soon as land prices rise?

Mississippi. The largest landowner in Mississippi is Gaylon Lawrence, Jr., which owns more than 180,000 acres of land.

There does exist limits on how many acres can qualify (160 acres) and the total amount of assessed value ($7,500 assessed value). In rare cases, a parcel of property that is classified as all Class II may qualify for homestead exemption.

The cheapest land in the United States is located in New Mexico, Arizona, Michigan, Colorado, and Texas. However, it's important to note that the price per acre of a piece of property is dependent on several factors, including location and the type of land.

Where is the most affordable place to live in Mississippi? With an average home value of $111,012 and a cost of living almost 14% below the U.S. average, Meridian is the most affordable place to live in Mississippi.

In Mississippi, all property is subject to a property tax unless it is exempt by law. Where do my property taxes go? Property tax revenues are used to support county and city governments, and local school districts.

Mississippi Property Taxes

The median property tax paid in Mississippi is $508 (median home value of $98,000). Madison County has the highest property tax at an average of $1,204. The lowest amount is $281 in Amite County.

CASH IS KING – Maintain your liquidity - Purchasing land requires a HUGE capital investment. Once the cash is spent, you lose your ability to act quickly on future needs and investment opportunities. Liquidity is how quickly your assets can be converted to cash.

How much is an acre of land in Mississippi in 2024? ›

In Mississippi, you can sell several types of land for cash, including vacant residential lots, raw acreage /undeveloped land, timber land, hunting land, farmland, and more. As long as you fully own the land and have a clear title with all taxes paid, you can likely find buyers willing to purchase it with cash.

The richest city in Mississippi with at least 5,000 people is Madison in Madison County with an average household income of $170,446 as of 2022 and 27,987 people as of 2023 according to the most current Census data available (citation).

The richest county in Mississippi is Madison County with an average household income of $118,098 as of 2022 and 112,511 people as of 2023 according to the most current Census data available (citation).

The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,800 per acre for 2022, up $420 per acre (12.4 percent) from 2021. The United States cropland value averaged $5,050 per acre, an increase of $630 per acre (14.3 percent) from the previous year.

Federal land is managed for many purposes, such as the conservation and development of natural resources, grazing and recreation. The federal government owns 5.04 percent of Mississippi's total land, 1,523,573 acres out of 30,222,720 total acres. Mississippi ranked 25th in the nation in federal land ownership.