If you’re looking for affordable land, Indiana offers some of the best deals in the country. The state’s cheap land can be used to build a home, develop a farm or invest in the property. There are a number of factors that influence how much you can expect to pay for land in Indiana, including location, size and overall market conditions. In general, the states in the Midwest and South tend to offer cheaper land than those on the East Coast.
Despite surging land prices, substantial bargaining opportunities continue to exist for those willing to do their homework. Individual investors and developers that leverage proper search tactics, valuation methodologies and negotiation strategies consistently achieve enviable value wins on Indiana land deals.
The average price per acre for farmland in the find cheap land in Indiana increased significantly in 2023. According to the Purdue Farmland Value and Cash Rent Survey, the average price of top-quality farmland rose by 7.3% compared to June 2022. Poor and average quality farmland saw smaller increases, rising by 5.8% and 0.7%, respectively.
While statewide land values have increased, many counties offer below-average prices for undeveloped acreage. These parcels are often found in rural areas that offer natural amenities or near urban growth centers where infrastructure access is less costly. In addition, certain site characteristics can also warrant lower-than-average pricing, such as location within flood zones, a need for costly drainage remediation investments, documented pollution and outdated zoning designations.
Indiana’s agriculture industry is a major economic driver, producing billions in revenue each year. The state’s fertile soils are conducive to a variety of crop production, including corn, soybeans, hogs and poultry. This robust industry employs a significant percentage of the population in rural areas and contributes heavily to the economy of the state as a whole.
If you’re looking to buy affordable land in the state of Indiana, there are a number of different types of property to choose from. Some popular options include farms, hunting land and cabins. Farms are a great choice for those who want to get closer to nature and grow their own food, while cabins make excellent second homes or vacation retreats.
There are currently 4513 land homes for sale in Indiana, and the map above is updated every 15 minutes. You can use the search tool above to filter the results by price range, size and other criteria. When you find a piece of cheap Indiana land that meets your needs, contact the listing agent for more details. You can also see how the price of land has changed over time in the chart below. The graph is refreshed every 15 minutes and is based on the latest listings on the MLS. The lowest priced properties are red, while the highest-priced homes are blue. Click on any of the graph bars for more information on a particular property type.