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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.
InMyArea.com performed a study that took a look at the median prices per acre in 2021 and found that Arizona had the cheapest median cost per acre, at $4,164. The data includes the price of land with existing homes and the cost of land designated as a homesite were also included so that you can have some comparison.
The Ann Arbor, MI home values are forecasted to rise 0.5% between July 2022 to July 2023. The Flint, MI home values are forecasted to rise 3.5% between July 2022 to July 2023. The Lansing, MI home values are forecasted to rise 2.2% between July 2022 to July 2023.
The cost of living in Michigan is 10% lower than the national average. Housing is 23% lower than the national average, while utilities are 1% higher. When it comes to basic necessities such as food and clothing, groceries are around 4% lower than in the rest of the country, while clothing costs 4% lower.
There are currently 33,760 homes for sale in Michigan. The median list price in Michigan is $254,900 and the average price per square foot is $159.
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The 2021 average Michigan farm real estate value, including land and buildings, averaged $5,300 per acre, according to Marlo D. Johnson, Regional Director of USDA, NASS, Great Lakes Regional Office.
In September 2022, home prices in Michigan were up 3.8% compared to last year, selling for a median price. On average, the number of homes sold was down 11.4% year over year and there were 12,016 homes sold in September this year, down 13,563 homes sold in September last year.
To propose a purchase of state-owned land that is not already identified as surplus land, an application process must be completed as required by Public Act 238 of 2018 (PA 238). We will consider selling such lands if the transaction enhances the management of natural resources or provides other public benefit.
How much does land cost in Michigan? Buying an acre of land in Michigan costs $20,256 on average based on the asking price of 156,040 acres for sale.
The 2022 average Michigan farm real estate value, including land and buildings, averaged $5,850 per acre, according to Marlo D. Johnson, Regional Director of USDA, NASS, Great Lakes Regional Office. Farm real estate values in Michigan were up 10.4 percent from 2021.

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