MossRoad
Super Moderator
- Joined
- Aug 31, 2001
- Messages
- 57,788
- Location
- South Bend, Indiana (near)
- Tractor
- Power Trac PT425 2001 Model Year
Yes, it's always been that way. Back in the late 80s we could by 1 acre lots in subdivisions for $15K, or 20 acres for $30K. (zoning prohibited anything under 20 acres with less than 600' of road frontage here).There used to be a bigger per acre discount on large properties. Now, it seems like around me, a 50 acre property is running at least $9k/acre; and a 10 acre property might be $12/acre. Seems like 15 years ago, the % spread was bigger?
Today, you can buy a 1 acre lot in a subdivision for $30-40K and 20 acre or larger parcels for around $8500 per acre, or $170K.
The land prices here started inflating rapidly in the early-mid 90s and has never stopped.