As a result, we have observed a steady rise in the average price-per-acre of land for sale in Montana. In 2018 the average price per acre was $2,066 , Compared to an $887 per acre average from the early 2000’s (average of all sales over 640 acres) 2.
Land in Montana isn’t getting any cheaper . If you are looking to buy land , Montana is the last best place and the best way to buy without the middle man is to buy Montana land for sale by owner.
Land is Very Inexpensive to Own as an Investment – When you buy a piece of land for the right price, there are no mortgage payments to make, no utility bills to pay, and property taxes are extremely cheap in Montana . Many of the properties you can buy are less than the price of a new pickup.
Based on recent LandWatch data, Montana ranks fourth in the United States for the combined amount of land currently for sale in the state. With thousands of properties and rural land for sale in the state, this represents zero acres of land for sale in the state.
The 5 Most Affordable Cities in Montana Billings . Home to about 106,000 people, Billings is Montana’s largest city. Great Falls . Great Falls , often described as a “cowboy version of Mayberry,” offers a small-town experience at the confluence of the Missouri and Sun rivers. Kalispell . Bozeman . Helena.
Montana is one of only three states that is an open range state. This means vast areas of Montana land are open to livestock grazing regardless of land ownership.
Montana’s unemployment rate is low at 3.9 percent and even lower in Montana’s metro areas, like Missoula at 3 percent and Billings at 3.1 percent. Given these data, it is not surprising that Montana’s employers report they are having a hard time finding skilled workers.
Turning to the average value of cropland, Wyoming’s figure stood at $1,350 per acre for 2017, according to the latest report from the USDA National Agricultural Statistics Service.
Our cost of living indices are based on a US average of 100. An amount below 100 means Montana is cheaper than the US average. Montana cost of living is 94.0.
|COST OF LIVING||Montana||United States|
|Median Home Cost||$232,100||$231,200|
Top Five Largest Land Owners in Montana 278,001 acres. Farris & Dan Wilks. 248,023 acres. Errol & Sharrie Galt. 190634 acres. Sunlight Ranch/ Robert Earl Holding . 168,188 acres. Coffee-Nefsy LP. 154,681 acres.
Even if you only invest in a small acreage of Montana land , owning a piece of land purchased at a good price gives you pride of ownership. Rural land in Montana will not depreciate like other investments and is much more stable than investing in stocks which continually fluctuate in value.
Tennessee, Arkansas, and West Virginia consistently rank as the cheapest places to buy residential land . Tennessee offers diverse geography, from mountains and lakes to acres of rural flat ground, and of course the iconic landmarks and attractions like Graceland and Nashville, the heart of country music.
RANCHFLIP has $276.58 million of ranches for sale in Montana with a median listing price of $747,800 or an average of $1,688 per acre. The total acreage of Montana ranches for sale is 163,800 acres with an average listing size of 857 acres.
7 Best Cities in Montana Missoula . Missoula , Montana | Photo Copyright: Brad Lane. Helena . Helena | Photo Copyright: Brad Lane. Bozeman . Bozeman . Kalispell. Kalispell, seen from Jewel Basin Hiking Area | Photo Copyright: Brad Lane. Butte. The World Museum of Mining in Butte. Billings . Billings from the Rimrocks | Photo Copyright: Brad Lane. Great Falls.