East Tennessee Mountain Land for Sale - 3,008 Properties (2024)

FAQs

How much is an acre of land in East Tennessee? ›

Statewide, an average acre of Tennessee land is worth $14,400, but it's all about location. The average sales amount for a 251,911 square foot lot in one of Unicoi County's prime locations is $59,408, according to FindAnyAnswer.com. Tennessee's $14,400 per acre average cost compares to $12,100 in the lower 48 states.

The price of an acre can vary depending on location however the median average is $14,400.

Land can be had for around $4,700 per acre per the USDA. Soil in the east is ideal for growing tomatoes, as the limestone in it gives crops an acidic taste. Farms for sale in Tennessee can be found throughout the state, as can rural parcels that provide hunting and fishing opportunities.

Over the past few decades, buying Tennessee land has proven to be a lucrative investment. This state is a hub for agriculture, and it's home to dozens of high-profile companies and industries. More people are attracted to Tennessee for its business opportunities, which has increased the value of local land.

Job Growth and Migration Drive Up Demand

With Tennessee's business-friendly environment, more and more companies are relocating here, bringing new residents with them. This ongoing migration and job growth lead to greater housing demand, naturally driving up land prices.

The ten states with the cheapest land are Arizona, New Mexico, Mississippi, Colorado, Arkansas, New York, Missouri, Oregon, Alabama, and Michigan. Arizona is the cheapest state to buy land with a median price of $4,164 per acre.

We recommend you go straight to LandWatch, Lands of America, or LoopNet - you'll almost surely find what you're looking for. Plain and simple.

The cost per square foot of building a house in Tennessee would take you anywhere from $ 130.97 for a single-story craftsman-style home to $523.88 for high-end luxury homes. Most homes in Tennessee span approximately 1,848 square feet, pegging your construction anywhere between $242,032 to $302,540.

Add up the value of all the parcels you want to include in your average, if there's more than one. Divide by the total land area. That's your value per acre.

Land ownership can be a great investment as long as you enter the deal with an awareness of all of the risks and pitfalls involved. By conducting careful research, investors can take advantage of low property prices and purchase land that will be worth much more down the road.

Where to buy cheap land in the US? ›

The Cheapest State to Buy Land

According to Wisevoter, Arizona is the cheapest state in the United States to buy land. As of 2023, Arizona's median price per acre is only $4,164.

To qualify for a land loan in Tennessee, lenders typically require a minimum credit score of 720 and down payments ranging from 10% to 50%, depending on the type of land. It's essential to research specialized lenders and compare terms to find the right fit for your land acquisition needs.

While real estate is more lucrative over time than holding cash, it has more risk. On the other hand, holding onto money or putting it into something safe like a CD or savings account might earn smaller yields, but you have less chance of losing it altogether. Luckily, you don't need to choose just one place to invest!

Tennessee land is still relatively affordable compared to nearby North Carolina. Land can be had for around $4,700 per acre per the USDA. Soil in the east is ideal for growing tomatoes, as the limestone in it gives crops an acidic taste.

There are 24 available properties to buy in Middle Tennessee listed at $54,738 on average, with each acre priced at $4,820. For more properties near here, browse land for sale in Middle Tennessee.

Tennessee is home to approximately 2.4 million acres of public land and waterways. These lands include national parks, wildlife refuges and forests, state parks and forests, and local parks.

Tennessee Farm Land Information

The average price of farmland for sale in Tennessee is $1.1 million. Discovery more Tennessee farmland and land for sale near you on Land and Farm.

The East Tennessee Region consists of 26 counties in the eastern portion of the state. The communities involved range from the small unincorporated areas to a growing urban area in the upper counties known as Tri-Cities and Knoxville.