Minnesota vacant land now averages $9,200 per acre for development-stage property in 2026.
That number comes from our latest national analysis of the average land price per acre by state — a 50-state comparison built using USDA land values, Federal Reserve agricultural credit surveys, active listing data, and regional growth trends.
But like most statewide averages, $9,200 only tells part of the story.
The Three Pricing Tiers Inside Minnesota
Minnesota land values break into three distinct categories:
Raw & Farm Land: $6,850 per acre
Agricultural and rural acreage with limited utilities.
Development-Stage Land: $9,200 per acre
Land in the path of growth, with nearby utilities or rezoning potential.
Retail / Build-Ready Land: $24,500 per acre
Parcels ready for immediate residential or commercial use.
That spread matters.
The difference between $6,850 and $24,500 per acre often comes down to:
- Legal access and road frontage
- Utility availability
- Zoning clarity
- Proximity to metro expansion
- Drainage systems and soil health documentation
Two properties in the same county can trade at dramatically different values depending on these factors.
Minnesota averages $9,200 per acre in 2026, placing it in the Midwest stability tier — below high-growth Sunbelt states but closely aligned with neighboring agricultural markets.
How Minnesota Compares to Nearby States
Minnesota sits squarely in the Midwest stability tier.
Neighboring averages:
- Wisconsin: $10,500 per acre
- Michigan: $11,500
- Illinois: $14,500
Minnesota’s $9,200 reflects moderate suburban expansion and agricultural grounding rather than rapid migration-driven appreciation.
Compare that to:
- Florida: $22,500 per acre
- Texas: $10,200 per acre
Florida’s higher pricing reflects sustained inbound migration and suburban growth. Texas benefits from metro expansion but maintains lower pricing due to abundant land supply.
Minnesota remains more closely tied to agricultural economics and corridor-based development around the Twin Cities and select regional hubs.
The pricing spread inside the state is significant, with raw land averaging $6,850 per acre and retail-ready parcels reaching $24,500 — highlighting the premium attached to infrastructure and zoning clarity.
Why Minnesota’s 2026 Outlook Is “Stable”
Minnesota’s land market in 2026 is best described as balanced.
Lower commodity prices are tempering aggressive bidding for prime cropland. Agricultural lending standards remain disciplined. At the same time, recreational and hybrid-use properties continue to attract steady demand — especially parcels with:
- Live water features
- Timber value
- Hunting access
- Multi-use income potential
Retail-ready land near expanding metro corridors still commands strong premiums, which explains the jump from $9,200 development averages to $24,500 for build-ready parcels.
In other words: not overheated — not collapsing — just steady.
For many landowners, that stability is an advantage.
What This Means If You’re Selling Land in Minnesota
If you’re considering whether now is the right time to sell, here are three practical takeaways:
1. Statewide Averages Are Only a Starting Point
Your actual value depends heavily on:
- County-level demand
- Access and frontage
- Zoning flexibility
- Utilities nearby
- Development pressure
A raw 40-acre parcel without utilities will price very differently than a 10-acre parcel in a growth corridor.
2. Buyers Are More Selective
Underwriting is more disciplined than during peak commodity cycles.
Serious buyers want:
- Clear title
- Drainage documentation
- Soil data
- Verified access
Well-documented properties tend to move faster and command stronger offers.
3. Retail-Ready Land Still Commands Premiums
If your property is near infrastructure or in a development path, the gap between agricultural value and retail-ready value can be significant.
That’s why understanding how investors view your parcel matters.
See What Serious Buyers Would Actually Pay
Statewide averages are helpful for context — but they don’t tell you what your specific property is worth today.
At SellTheLandNow.com, sellers submit their property details once, and we distribute the opportunity to 12 professional land investors.
Most sellers hear from 2–3 serious buyers within a few days.
There is:
- No obligation
- No listing required
- No commissions
- No pressure
If you want to skip guessing and see real-world investor interest, you can start here:
Sell land in Minnesota
Bottom Line
Minnesota land averaging $9,200 per acre reflects a market defined by equilibrium — not speculative acceleration.
Agricultural fundamentals remain strong. Recreational demand is steady. Development premiums exist — but they’re localized.
If you’re holding land and evaluating your options, the most important number isn’t the statewide average.
It’s what qualified buyers are willing to pay for your parcel right now.
And you only need to fill out one form to find out.
