Three Reasons to Invest in Midwest Land
by Laura Mueller
The east and west coasts have always been popular hot spots for land purchasers and investors, but sometimes it pays to think outside of the coastal box. The Midwest, with its sprawling fields and rapidly growing urban centers, presents a ton of opportunity for savvy land purchasers. And contrary to popular belief, America’s flyover country isn’t just about soybeans, corn, and good hospitality. You’ll find that there’s a lot about the Midwest aside from its cornfields and commitment to manners that makes it one of the top land investment choices now and in the coming decades. So if you’re in the market to buy some land, here are three big reasons you may want to focus your search on middle America.
1. It offers the best housing market in the U.S.
If your goal is to purchase land for residential development, then the Midwest is the place to be. In 2018, the Midwest overtook California as the hottest housing market in the country, thanks to its reasonable list prices and growing oil economy. Markets in places like Fort Wayne, Indiana; Columbus, Ohio; and Racine, Wisconsin are surging, and strong buyer demand is being met with increases in new residential construction. Part of the reason for this residential boom is that houses in previously popular markets have gotten overly expensive, pricing out everyday buyers and those who want more than just a couple of rooms to call their own. If you’d eventually like to sell your land for development or are planning to develop on it yourself, take advantage of recent housing trends and go where the buyers are.
2. There’s no shortage of agricultural land
For those who are interested in buying land for farming, it doesn’t get much better than the Midwest. Farmland values in the area have been rising, and they’re expected to be stable for the foreseeable future. And while similar upticks have been occurring all over the country, there’s no denying that middle America is a hotbed of agricultural opportunity. If you’re not into corn, the Midwest’s 127 billion acres of farmland can also accommodate a wide range of other crops, including apples, berries, peppers, carrots, oats, watermelons, and wheat.
3. The cities are growing
According to Forbes, the fastest growing city in the U.S. is none other than Boise City, Idaho, which jumped from #11 on their annual list in 2017 to #1 in 2018. Other Midwest cities, including Kansas City, Minneapolis, and Des Moines are also becoming increasingly popular, especially among young families and professionals who don’t want to deal with the exorbitant cost of living in more established cities like New York and Los Angeles. This steady population influx to Midwest cities is good news for investors, particularly those whose investments are centered in urban areas.
Whatever your preconceptions about America’s heartland, there’s no denying that life is good in middle America and opportunities for smart land investments are present and growing. Browse available properties to search land for sale in the Midwest and find your perfect parcel for a mid-country land purchase.
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