South Georgia Land for Sale - 2,126 Properties (2024)

FAQs

How much does an acre of land cost in South Georgia? ›

Farm and cropland have a similar average value of just under $4,000 per acre, while pasture land is more costly with a per acre average of $4,400.

Lower Property Tax burden

Property taxes take a big bite out of returns. But Georgia's property tax rates are lower than most states. In addition, Georgia does not tax retirement income. The state's comparatively low taxes help land investors realize larger profits.

If you are looking to buy land in Georgia, you must first identify the location and the type of land you want to buy. Once you have identified the land you want to purchase, you must follow the legal procedures, such as signing the purchase agreement, and register the property with the Land Registry.

The average price of land in Georgia is currently about $4,500 per acre. Irrigated land will cost you more than non-irrigated. In Georgia, you'll have to pay more for land that's close to the Atlanta metropolitan area.

Arizona is the cheapest state to buy land with a median price of $4,164 per acre. New Mexico is the second cheapest state to buy land with a median price of $6,000 per acre.

For small investors to truly enjoy the more traditional sense of land ownership, perhaps the best options are timber farms, mineral development lands, vegetable gardens, orchards, vineyards, and recreational land.

If you're buying land to build a house for you or your family to live in, you should save up enough cash to make a down payment of at least 5–10% of your building loan. A 20% down payment is better, though, because it will keep you from having to pay for private mortgage insurance (PMI).

The main difference between buying land vs. home ultimately comes down to your purpose of investment. Going ahead and buying a house rather than a plot of land may save you both time and money. However, if you intend to construct a home and lease it out, a land can be a better option.

Is it a good investment? Yes. Land is a tangible investment that will continue to go up in value over time. So, if a buyer purchases land today for $250,000, then in a few years, its value can increase to $400,000.

Traditional Financing Options

Larger Down Payments – Land loans typically require a larger down payment than traditional mortgages, often as much as 20% to 30% of the asking price. If you are purchasing raw land, the preferred down payment can be as much as 30% to 50% of the total cost.

Do I need a lawyer to buy land in GA? ›

Georgia real estate law requires that a licensed attorney must conduct all real estate closings. The attorney will typically represent either the buyer (in a cash purchase) or their lender (if the purchase is lender-funded).

All property in Georgia is taxed at an assessment rate of 40% of its full market value. Exemptions, such as a homestead exemption, reduce the taxable value of your property. Let's say this homeowner qualifies for an exemption of $2,000. The taxable value is then multiplied by the millage rate.

There are 42 available properties to buy in South Georgia listed at $51,698 on average, with each acre priced at $6,021. For more properties near here, browse land for sale in South Georgia.

Median Land Price Per Acre – $5,000 per acre. Price Range Per Acre – $2,000 - $10,000 per acre. Variables Swaying Value – River/lake frontage, septic capacity, seasonal/vacation home market demand.

Purchasing land outright and holding onto it as an investment can increase your equity over time, especially as the property appreciates. As the market value of the land increases, so does your equity, providing a potential profit margin upon resale.

If you calculate the entire area of a football field, including the end zones, it works out to 57,600 square feet (360 x 160). One acre equals 43,560 square feet, so a football field is about 1.32 acres in size. So, to answer your question, there are . 75625 football fields per acre.

Land in California is an investment! Property taxes are relatively minimal, and maintenance is low. Since many individuals are looking to relocate to more rural locations due to the pandemic, there is a significant increase in demand for land, houses, or rentals in these places.

All property in Georgia is taxed at an assessment rate of 40% of its full market value. Exemptions, such as a homestead exemption, reduce the taxable value of your property. Let's say this homeowner has a standard homestead exemption of $2,000. The taxable value is then multiplied by the millage rate.

The cost to build a house in Georgia is $300,000 to $700,000 on average, not including the cost for the land or excavation and site prep. New home construction costs in Georgia range from $150 to $350+ per square foot, depending on the location, house size and style, and your design and material choices.