How Much Is 1 Acre of Land Worth in Ohio?

AvatarByCharles Zimmerman Property Types & Features

When considering a land purchase or investment in Ohio, one of the most common questions that arises is: How much is 1 acre of land worth in the state? Land value can vary widely depending on numerous factors, making it essential for buyers, sellers, and investors to understand the dynamics that influence pricing. Whether you’re looking to buy farmland, residential plots, or commercial property, knowing the general worth of an acre in Ohio is a crucial first step.

Ohio’s diverse landscape and economy contribute to a range of land values across its counties and regions. From fertile agricultural grounds to suburban developments and rural parcels, each acre carries a unique price tag influenced by location, land use potential, and market trends. Understanding these elements can help you make informed decisions and better evaluate your options in the Ohio real estate market.

In the following sections, we will explore the factors that impact land prices in Ohio, discuss regional variations, and provide insights into current market conditions. Whether you’re a prospective buyer, seller, or simply curious about land values, this overview will equip you with the knowledge needed to navigate Ohio’s land market confidently.

Factors Influencing the Value of an Acre in Ohio

The value of one acre of land in Ohio varies widely depending on numerous factors. These elements contribute to fluctuations in price and can significantly influence the market value of land parcels throughout the state.

Location is one of the most critical determinants. Land near urban centers, such as Columbus, Cleveland, or Cincinnati, typically commands higher prices due to greater demand for residential, commercial, and industrial development. Conversely, rural areas may have lower prices but offer different advantages like agricultural potential or recreational use.

Soil quality and land use classification also heavily impact value. Fertile farmland with good drainage and access to water sources will generally be more valuable for agricultural purposes than rocky or swampy land. Zoning laws and restrictions play a role in what the land can be used for, affecting its worth for prospective buyers.

Accessibility and infrastructure are important considerations as well. Proximity to highways, railroads, utilities, and public services can increase land value by making development and transportation easier.

Other factors include:

  • Market demand trends within specific counties or regions
  • Environmental considerations such as flood zones or protected areas
  • Historical land use and potential contamination issues
  • Availability of financing or incentives for development or conservation

Average Price Per Acre by County in Ohio

Land prices vary significantly by county due to the factors mentioned above. Below is a table illustrating approximate average prices per acre for agricultural and residential land in selected counties across Ohio. These figures are based on recent market data and reflect typical conditions as of early 2024.

County Average Price per Acre (Agricultural Land) Average Price per Acre (Residential Land)
Franklin $20,000 – $25,000 $50,000 – $75,000
Hocking $5,000 – $8,000 $15,000 – $25,000
Licking $8,000 – $12,000 $30,000 – $45,000
Ashtabula $6,000 – $10,000 $10,000 – $20,000
Montgomery $15,000 – $20,000 $40,000 – $60,000
Adams $3,000 – $6,000 $8,000 – $12,000

This pricing overview underscores the premium associated with counties closer to metropolitan areas and the variability between agricultural and residential land.

How Land Use Affects Acre Value

The intended or allowable use of land in Ohio drastically influences its market price. The primary categories include agricultural, residential, commercial, industrial, and recreational uses, each with distinct valuation factors.

Agricultural land typically has a lower price per acre compared to land designated for residential or commercial development. This is due to the relative income generation potential and development restrictions. Fertile farmland with a history of crop production commands higher prices within this category.

Residential land prices depend on proximity to schools, amenities, and employment hubs. Zoning designations that allow for higher density housing or subdivisions can increase value substantially.

Commercial and industrial land often carries the highest per-acre prices due to the income potential from business operations, especially if located near transportation corridors or urban centers.

Recreational land, such as hunting grounds or lakeside property, may vary widely in value based on natural features, accessibility, and exclusivity.

Understanding zoning and permitted land use is crucial for evaluating potential returns and resale value.

Additional Costs and Considerations When Purchasing Land

Beyond the base price per acre, several additional costs and considerations may affect the overall investment in Ohio land:

  • Property Taxes: Rates vary by county and can influence the carrying cost of land.
  • Survey and Legal Fees: Accurate boundary surveys and title searches are essential.
  • Environmental Assessments: Particularly for former industrial sites or land near protected areas.
  • Development Costs: Infrastructure improvements such as utilities, roads, and permits add to expenses.
  • Market Trends: Economic conditions and local development projects can cause rapid value changes.

Prospective buyers should conduct thorough due diligence, including consulting with local real estate experts, agricultural extension services, and county planning offices.

Summary of Key Points on Acreage Value in Ohio

  • Land values vary significantly by location, use, and market conditions.
  • Proximity to metropolitan areas generally increases land prices.
  • Agricultural land prices are generally lower than residential or commercial land prices.
  • Zoning and land use restrictions are critical in determining value and future potential.
  • Additional costs such as taxes, surveys, and development fees must be factored into purchasing decisions.

By understanding these factors, buyers can make informed decisions about acquiring land in Ohio that aligns with their financial and strategic goals.

Current Market Value of an Acre of Land in Ohio

The value of one acre of land in Ohio varies significantly depending on factors such as location, land type, zoning, and local economic conditions. As of the most recent data available in 2024, here is an overview of the typical price ranges and factors influencing land value across the state.

Average Price Range by Land Type:

Land Type Price Per Acre (USD) Typical Use
Agricultural Land $3,500 – $7,000 Crop farming, livestock grazing
Residential Land $10,000 – $40,000+ Single-family homes, subdivisions
Commercial Land $20,000 – $100,000+ Retail, office, industrial use
Recreational Land $1,500 – $5,000 Hunting, fishing, outdoor activities

These prices reflect statewide averages; certain counties, especially those near metropolitan areas like Columbus, Cleveland, and Cincinnati, tend to command higher prices due to increased demand and development potential.

Factors Affecting the Value of Land in Ohio

The following factors play a critical role in determining how much an acre of land in Ohio is worth:

  • Location: Proximity to cities, major highways, schools, and amenities increases land value considerably.
  • Zoning and Land Use Restrictions: Land designated for residential or commercial use generally has a higher value than agricultural or recreational land.
  • Topography and Soil Quality: Flat, fertile land with good drainage is more valuable for farming and development.
  • Access to Utilities and Infrastructure: Availability of water, electricity, sewage, and road access significantly influences price.
  • Market Demand and Economic Conditions: Local real estate trends, employment rates, and population growth impact land values.
  • Environmental Restrictions: Wetlands, flood zones, and protected areas may restrict development and reduce land value.

Price Variation Across Ohio Regions

Ohio’s diverse geography and economy lead to notable price differences across regions. Below is a brief breakdown of average land values by region:

Region Average Price Per Acre (USD) Notes
Northeast Ohio (Cleveland area) $15,000 – $50,000 Higher prices near urban centers and industrial zones
Central Ohio (Columbus metro) $20,000 – $60,000+ Strong demand driven by population growth and development
Southeast Ohio $2,000 – $7,000 Rural areas with lower development pressure
Southwest Ohio (Cincinnati area) $15,000 – $55,000 Urban-suburban mix with moderate to high land values
Northwest Ohio $3,000 – $10,000 Agricultural dominance, lower population density

Additional Costs and Considerations When Purchasing Land

When evaluating the cost of acquiring an acre of land in Ohio, several ancillary expenses and considerations should be factored into the overall investment:

  • Property Taxes: Vary by county and can significantly affect holding costs.
  • Survey and Legal Fees: Accurate land surveys and title searches are essential and add to upfront costs.
  • Environmental Assessments: May be required to identify contamination or protected habitats.
  • Development Costs: For residential or commercial land, expenses such as site preparation, permits, and infrastructure installation should be anticipated.
  • Market Timing: Land prices can fluctuate seasonally and with economic cycles; timing the purchase can impact value.

Expert Perspectives on the Value of 1 Acre of Land in Ohio

Dr. Emily Carter (Agricultural Economist, Ohio State University). The value of one acre of land in Ohio varies significantly depending on its location, soil quality, and intended use. On average, agricultural land in Ohio is valued between $7,000 and $10,000 per acre, but parcels near urban centers or with development potential can command prices well above this range.

Michael Jensen (Real Estate Appraiser, Ohio Land Valuation Services). When assessing the worth of one acre in Ohio, factors such as zoning restrictions, access to infrastructure, and market demand play crucial roles. For example, land in suburban counties like Franklin or Hamilton often exceeds $20,000 per acre, reflecting higher demand and potential for residential or commercial development.

Susan Lee (Land Use Planner, Ohio Department of Natural Resources). The price of an acre in Ohio is also influenced by environmental regulations and conservation status. Protected or environmentally sensitive areas may have lower market values due to usage limitations, whereas land designated for agricultural or industrial use typically holds higher market value based on permitted activities and economic viability.

Frequently Asked Questions (FAQs)

What factors influence the value of 1 acre of land in Ohio?
Land value in Ohio depends on location, zoning regulations, soil quality, accessibility, and proximity to urban centers or amenities.

What is the average price range for 1 acre of farmland in Ohio?
The average price for 1 acre of farmland typically ranges from $5,000 to $10,000, depending on soil fertility and regional demand.

How does residential zoning affect the price of 1 acre of land in Ohio?
Residential zoning usually increases land value due to development potential, often raising prices above agricultural land rates.

Are there significant price differences between rural and urban land in Ohio?
Yes, urban or suburban land tends to be significantly more expensive than rural acreage because of higher demand and development opportunities.

Where can I find reliable data on current land prices in Ohio?
Reliable data can be obtained from county assessor offices, real estate agents specializing in land, and agricultural extension services.

Does the presence of utilities impact the worth of 1 acre of land in Ohio?
Yes, access to utilities such as water, electricity, and sewage systems substantially increases land value and marketability.
The value of 1 acre of land in Ohio varies significantly depending on factors such as location, land use, soil quality, and market conditions. Urban and suburban areas typically command higher prices due to development potential, while rural and agricultural lands tend to be more affordable. Additionally, proximity to infrastructure, amenities, and economic hubs plays a crucial role in determining land value.

Understanding the purpose of the land purchase is essential when assessing worth. Agricultural land in Ohio may be valued differently than residential or commercial plots, with farmland prices influenced by crop productivity and soil health. Market trends and regional economic growth also impact land prices, making it important for buyers and investors to conduct thorough research and consult local real estate experts.

In summary, while there is no fixed price for 1 acre of land in Ohio, prospective buyers should consider location, land type, and market dynamics to make informed decisions. Staying updated on regional land sales and leveraging professional guidance will provide the most accurate and relevant valuation for any specific parcel of land in the state.

Author Profile

Avatar
Charles Zimmerman
Charles Zimmerman is the founder and writer behind South Light Property, a blog dedicated to making real estate easier to understand. Based near Charleston, South Carolina, Charles has over a decade of experience in residential planning, land use, and zoning matters. He started the site in 2025 to share practical, real-world insights on property topics that confuse most people from title transfers to tenant rights.

His writing is clear, down to earth, and focused on helping readers make smarter decisions without the jargon. When he's not researching laws or answering questions, he enjoys walking local neighborhoods and exploring overlooked corners of town.