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It's a good time to buy a house. In fact, home prices will rise by four percent this year. The current median home value here is $192,900, which is lower than the national average.
In 2021, Missouri timberland values averaged $3,070 per acre, which was 17% higher than 2020 values. Values per acre in 2017 averaged $2,012. Since then, timberland values have grown by $1,058 per acre.
In Kansas, it increased to about $2,100 an acre, up 11% from 2020. Cropland value saw an even higher jump. It increased 14% to nearly $2,400 an acre.
LOCATION, LOCATION, LOCATION: land values in Kansas range from $4,100/acre in the North East region to $1,175/acre in the South West region of the state. In more productive cropland and grazing land areas the value per acre is typically higher than lower producing areas with less annual rainfall.
Kansas has a strong economy based on tourism and agriculture where top products are wheat and cattle \u2013 90% of Kansas land is devoted to agriculture! With a low-cost of living, Kansas has become an attractive place for many renters and therefore a great place for investors.
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Kansas Housing Market Stats \u2013 November 2021 \u201cThe typical home sold in just 10 days in November.\u201d November 2021 Market Highlights Home sales in Kansas rose by 4.7 percent in November 2021 compared to the same period last year. National sales fell with sales falling 2.0% over ...
Dryland average is currently worth around $1,970 per acre, irrigated land comes in at $3,270 per acre, and pastureland $1,370 per acre.
New Mexico is the state with the cheapest land according to our land prices per acre page. This is largely due to the fact that it has a lot of of rural desert acreage. 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 higher rates appear to be slowing down Kansas City's hot housing market: Sales of existing homes in the metro have decreased by 10.2% since May, while new homes have dropped 5.3%.

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