Kentucky Land for Sale
Ready to make a trip to the Kentucky Derby? Buy some property in Kentucky and you are one step closer to making the trip to the run for the roses to experience a unique past time of the country. Horse racing aside, the state has a lot of opportunity to buy land and grow your hunting, farming, or investing portfolio. The state has a property value average of $149,000, almost 100k less than the national average of $248,000. These prices can lower the barrier to purchase for many people but it gets better once you own the property. The cost of living is lower than the national average in regards to utilities, transportation, food, health, etc giving you more free cash flow each month. State property taxes are also low with an average of 0.86%. The national average is 1.08% and Kentucky has only a couple counties that break 1%. The amount paid is calculated using the appraised property value as of January 1 each year and is discounted or increased based on how quickly the bill is paid.
The state is an interesting geological area with the eastern reaching in the Appalachian mountains and the western side flattening out as it approaches the Mississippi River. The state is broken into 5 main areas each of which is identified either by the mountains or the soil type as it varies between coal and harder soil bases, fertile hills, and limestone. The state is in the top 15 of the country for precipitation which can consist of around 10in of snow each year. In the winters the temperatures will average in the 40s during the day and the 20s at night. The summer is mild with highs and lows in the 80s and 60s, respectively.
Hunting Land for Sale in Kentucky
While Kentucky doesn’t have the national recognition for hunting that some other states have, the state can be an ace in the pocket for some land owners. The state produces some huge whitetail that can attract people from all over looking to buy a tract of land. Landowners will see opportunities to harvest deer, turkey, duck, and upland game birds. When shopping for your new hunting parcel, check out the different management zones on the state natural resource departments site as the 4 zones have varying seasons and bag limits. Apart from hunting, new landowners also enjoy bass fishing on the ponds and rivers of the region.
Farm Land for Sale in Kentucky
Farming in Kentucky looks like much of the eastern part of the country. Popular crops are soybeans, corn, and tobacco that enjoy a longer growing season than the states of the north at 205 days per year. If you are looking to have livestock the state is known for cattle chickens and hogs but what makes it unique are the large number of horse pastures. This is thanks to the state being the country's hub for horse racing, attracting equestrians from around the country. The state’s farmland averages $3820 per acre thanks to the ample rain supply and fertile soil. This is still lower than many states in the country that have average prices of over $10,000 per acre. The total economic impact of agriculture is nearing in on 6 billion dollars per year.
Cheap Land for Sale in Kentucky
For the budgeted buyer looking to buy in Kentucky, you will likely end up in the eastern part of the state. The mountains make the area harder to develop as well as its distance from the major cities and the Mississippi river lower the land's economic potential. This region has an average land value of $174k, the only part of the state that averages less than $200,000. This area is also colder and less farmable thanks to the mountains. The help of a realtor can ease all parts of the buying and selling process but sometimes the best deals can be found for “sale by owner.”