Landwatch Ms (2024)

FAQs

How much is land going for in Mississippi? ›

The average price of land listings and rural property for sale in Mississippi is $373,892.

Most of southern Mississippi lies in the gently rolling Piney Woods. The coastal area, sometimes called the Coastal Meadows, or Terrace, borders the Gulf of Mexico. This region's soil is sandy and not well suited to crops.

Mississippi's farmland is an important contributor to the state's economy, comprising over 27% of its land area. The fertile soils and warm climate support the cultivation of crops such as cotton, soybeans, corn, and rice. The state is also a leading producer of sweet potatoes, aquaculture, and and poultry.

Persons who are 65 years of age and older or who are disabled, upon application and proof of eligibility, are exempt from all ad valorem taxes up to $7,500.00 of assessed value. The application for exemption must be filed with the individual county on or before April 1.

Under Mississippi law, families have the right to keep a certain portion of their homestead exempt from creditors. Specifically, the law exempts 160 acres or $75,000 in equity, whichever is lower, from the reach of creditors.

Mississippi offers some enticing attributes when it comes to land investing, including low property costs and rich natural resources. However, its economic uncertainty gives some investors pause. Performing rigorous due diligence is key before deploying capital into the Magnolia State's real estate markets.

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.

But in terms of the cost of a lot for sale, Hawaii tops the list with an incredible average price of $983,707. This is in comparison to the U.S. average of just $316,606. By and large, the data shows that the most expensive land in the U.S. is in coastal areas and/or the Northeast corridor, with a few exceptions.

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

Why is land in Mississippi so cheap? ›

An abundance of land means an abundance of opportunity, and an abundance of opportunity often means cheaper prices – both for the land and existing homes in the surrounding area. With so many options to choose from in the MS housing market, you're bound to find the perfect home with little competition.

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.

Cotton is the state's most valuable crop, and Mississippi typically ranks as one of the top cotton-producing states.

Manufacturing and services—primarily government (federal, state, and local), retail and wholesale trade, real estate, and health and social services—are the largest sectors of the state's economy.

The floodplains are the youngest, most fertile, and most highly variable soils. Otherwise, soils found in Mississippi tend to be very old. These old soils are highly weathered and lower in nutrients than river bottomlands.

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 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.