Mississippi Land for Sale - 5,895 Properties (2024)

FAQs

How much does 1 acre of land cost 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.

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?

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.

With affordable land, fertile soil, abundant resources, and a favorable climate, Mississippi's counties provide ample opportunities for successful small acreage homesteading.

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.

In Mississippi, all property is subject to a property tax unless it is exempt by law.

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.

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.

For more than 100 years, Mississippi Land Bank has offered financing and refinancing solutions to rural communities in the northern 32 Mississippi counties. As part of the Farm Credit System, we have provided agriculture and rural America with consistent, reliable credit and related financial services since 1916.

How do you homestead land in Mississippi? ›

A person requesting homestead exemption must make a written application, must be a natural person, the head of a family, have ownership and eligible property, occupy the dwelling as a home, and be a Mississippi resident. Each of these requirements are discussed in detail.

The average cost of land in the contiguous United States is about $12,000 per acre. Location and land development (Are there roads? Buildings?) are two key determining factors in the value and cost of an acre. Typically, in urban areas, land is worth more than a house on that land.

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.

Wyoming is currently the #1 cheapest state to buy land in 2024. The average price per acre for land in Wyoming right now is $3,435, which fell from a high of $5,903 per acre in 2023.