Illinois Land for Sale
Illinois is a long state traveling over 400 miles north to south, reaching from Lake Michigan down to Kentucky. This is why the state is broken into three regions, Northern Illinois, Central Illinois, and Southern Illinois. The north is home to Chicago, one of the largest cities in the country, and is a dominant economic player in the state. Expect the land value per acre to skyrocket around as you near the area. The state is primarily flat allowing for it to largely be used for farmland. Thanks to the length of the state, the northern areas will see average winter lows in the low teens while the South can see summer averages in the 90’s
If you are looking to buy in Illinois, there are many affordable options available thanks to the vastly rural southern portion of the state. The average property value in the state is around $210k, while the national average is around $250k. After the purchase, Illinois isn’t quite as cheap. The property tax in the state averages 2.31%, over double the national average and the second highest in the country. A majority of the state uses an assessed value of one third the market value of the property to calculate the tax. On top of the high property tax, the state won’t have you saving much money on the cost of living. While slightly lower, utilities, health, and food are all very near the average across the country. The state also taxes your income by 4.95% if you become a resident.
Hunting Land in Illinois is home to monster bucks
Illinois has a reputation of producing monster bucks. This is largely due to the amount of agriculture in the state providing plenty of protein to grow massive antlers each year. On top of the exceptional deer hunting, the state has great hunting opportunities for turkey, waterfowl, dove, and quail. If you are looking to buy a tract of land, there are options across the state. Some properties available for sale are well over 1000 acres in size but a majority are a few hundred acres or smaller. You don’t need to purchase much land to have an amazing parcel to hunt on. You may get lucky and buy property with a pond or near one of the major rivers in the area which can provide great bass fishing during the offseason.
Corn and Soybean farmland for sale in Illinois
Illinois is one of the largest agricultural producers in the country. The excellent land, 180 day growing season, and average rainfall around 42inches in most of the state allows it to produce a large portion of the corn and soybeans for the country. The farms also house many cattle and hogs that are usually processed within the state. In total the state has over 16 billion dollars in cash receipts from the sale of agricultural goods annually. On top of having a large farming industry, the state also benefits from a large manufacturing infrastructure in and around Chicago. This manufacturing allows for large amounts of meat, dairy, and ethanol to be produced from the farmer’s goods. While the economics behind farming in Illinois sounds good, it’s not cheap to buy in. If you are looking to buy agricultural land, the average price per acre is over $7000, over double the national average.
Find Cheap Land in Southern Illinois
Move farther away from the hustle and bustle of Chicago and nearer the Ohio river if you are looking for a less expensive parcel of land to purchase. In the Northeast of the state, the average price of a tract of land reaches over $500,000 while in the Southeast you reach an average under $200,000. While there isn’t a geological region of the state that is hard to inhabit, this area is slightly more rugged than other areas making the farmland less valuable. This area is also the farthest away from the economic hub of the state, Chicago.