How much is my land worth?
The short answer
Land is worth what similar land nearby has recently sold for, adjusted for the things that make your parcel different: location, size, road access, utilities, terrain and zoning. The value on your property tax bill is a starting point, but it often isn't the same as what a buyer would pay. The best estimate comes from recent sales of comparable land, a local appraiser, or a cash offer you can compare.
What affects land value the most
- Location: distance to towns, jobs, roads and amenities.
- Road access: land with frontage on a public road is usually worth much more than land with no legal access ("landlocked").
- Size and shape: price per acre usually drops as acreage goes up, and odd shapes can be harder to use.
- Utilities: nearby power, water and sewer (or the ability to install a septic system) add value for building.
- Terrain: flat, dry, buildable ground is usually worth more than steep or flood-prone land.
- Zoning and restrictions: what you're allowed to build, plus any HOA rules or easements.
- Title and taxes: back taxes, liens or title problems don't stop a sale, but they affect what you take home.
Why your tax assessment isn't your sale price
Your county assigns a value for property tax purposes, but it's updated on the county's schedule, not the market's. It can be higher or lower than what a buyer would actually pay today. Use it as a rough reference, not a price.
How to estimate your land's value yourself
- Find your parcel details. Look up the parcel number, acreage and road frontage on your county's property or GIS website. See how to find your parcel number.
- Look at sold land nearby, not just listings. Asking prices are often higher than what land actually sells for. Land listing websites and local agents can show recent sales.
- Compare like with like. Similar size, access, utilities and terrain, as close to your parcel as possible.
- Get a professional opinion if needed. A licensed appraiser can give you a formal value for a fee.
What about a cash offer?
A cash offer is usually lower than the top retail price you might get by listing and waiting, because the buyer pays cash, buys as-is, covers the closing costs and takes on the time and risk of reselling. In exchange, you get a guaranteed price, no fees or commissions, and a closing date you choose. We base our offers on recent comparable sales and the property itself, and we're happy to explain how we arrived at our number.
Curious what a cash buyer would pay for your land?
Send us the parcel number or address. We'll research it and send a fair cash offer in about 48 hours, free and with no obligation.
Related
- How to find your property's parcel number (APN)
- Can I sell land without a realtor?
- Should I keep or sell my vacant land?
This article is general information, not legal advice. Every property and family situation is different. For advice about your situation, talk with a real estate attorney.