North Mississippi Land for Sale - 915 Properties (2024)

FAQs

How much is an acre of land going for 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?

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 ten states with the cheapest land are Arizona, New Mexico, Mississippi, Colorado, Arkansas, New York, Missouri, Oregon, Alabama, and Michigan. Arizona is the cheapest state to buy land with a median price of $4,164 per acre.

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.

Both the buyer and seller pay certain closing costs at the end of the real estate transaction in Mississippi. The seller shells out a higher monetary amount as closing costs as they pay the REALTOR commission. Other fees, like documentation charges, transfer fees, etc., are paid by the buyer.

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.

Which county in Mississippi are richest? ›

With over 42,000 households, Madison County has the highest wealth index of any county in Mississippi. It has a population of 109,813, including a handful of famous residents.

Who Owns the Most Land in the World? The largest landowner in the world currently is King Charles III of England. How much land does the Royal Family own? He and the British Royal Family own more than 6,600,000,000 acres of land around the world.

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.

We offer variable and fixed-term loans for up to 30 years.

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.

The value of an acre of land varies quite a bit depending on a number of factors. The average cost of land in the contiguous United States is about $12,000 per acre.

Mississippi provides a diversity of landscapes so buyers can find the right land type for their needs. Options include farmland, timberland, recreational land with lakes/rivers, residential acreage, commercial property, and hunting land rich with wildlife to pursue deer, turkey, ducks, and more.

Agriculture in Mississippi is a 8.76 billion-dollar industry. There are approximately 34,700 farms in the state covering 10.3 million acres. The average size farm is composed of 300 acres.