by Laura Mueller
America’s heartland has long been the place to go when you’re looking for affordable farm land. And in Oklahoma, prices for agricultural land properties have been on the rise while still remaining highly competitive with other states. So if you’re looking for a state with plenty of well-priced farm land to sell and upward value trends, Oklahoma might just be where you should set your sights.
In the Sooner State, farm real estate values increased an impressive 3.9% from 2018 to 2019. Meanwhile, the average cost per acre of farm land in Oklahoma is just $1,870, well below the national average of $3,160. What does this mean for investors and land buyers who are interested in farming in the state? It means that if you want to buy in, now might just be the best time to do it.
There are several reasons for the increase in value, including low interest rates on conventional financing opening up more opportunity for buyers, Oklahoma farmers expanding their properties, and the urban growth that’s quickly transforming the landscape—and food needs—in and around Oklahoma City. The city, which has been growing at twice the rate as the national average , is representative of increased interest in the state as well as a growing need for fresh, organic, and local crop development.
If you’re looking for a good agricultural land buying opportunity, consider Oklahoma. With land values and population rising faster than we’re seeing in many other states, Oklahoma represents a lot of opportunity—with a lot of farmable land ready for the taking.
Tips For Buying Oklahoma Farm Land
The process for buying Oklahoma land is pretty much the same as it is everywhere else, with the caveat that you might be up against some competition as value continues to increase while prices stay low. Follow the tips below to help ensure you end up with a great plot of land at a great price.
Think carefully about location.
There’s a strong demand for local and organic farming around Oklahoma City, and a lot of potential for those who are interested in investing in it. To maximize your investment, consider sticking close to the city so that you can respond to the growing need.
Spikes in value are often accompanied with spikes in price. If you want to take advantage of current pricing trends in Oklahoma, now is the time to act. Wait too long and you’re likely to see prices rise to match the value trend.
Work with a local agent.
Nobody knows more about available land in a particular area than the people who make a living helping others buy and sell it. No matter what town you have your eye on for Oklahoma farm land, be sure to work with a local agent who can guide you through the process and help ensure that you make a smart investment.
We currently have more than 700 listings for Oklahoma land for sale. Browse available properties and start to see the potential in making a plot of Oklahoma farm land all your own.
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