Re: Average Price of an acre of land
It depends on the location and whether or not it has marketable timber. Cutover will range from $1,200 to $1,500 per acre as long as its in a rural area. Land with marketable timber will go between $2,000 and $3,000 per acre provided its also in a rural area. Don't ask how much it is when you get close to a city. That's scary.
Hunting leases range from a low of $7/ac. to over $30/ac. depending on location. We pay around $12/ac. for our hunting lease so $7.50/ac. in your neck of the woods sounds like a good deal to me.