Northern Kentucky Land for Sale - 1,315 Properties (2024)

FAQs

What is the average price per acre in northern Kentucky? ›

Average real estate value in the Commonwealth increased to $4,350 per acre, up from the $4,000 per acre reported in 2021. Average cropland values increased from $4,350/ac to $5,000/ac (10.1%) while Kentucky's pasture land value was up 6.9% from $3,620/ac to $3,870/ac.

Kentucky's farm real estate values increased 8.0% to $4,700/acre. Kentucky's average cropland values increased from $5,000/ac to $5,450/ac (9.0%) while Kentucky's pastureland value was up 4.6% from $3,250/ac to $3,400/ac.

Kentucky law allows people who trespass and encroach on other's land for a minimum time period to develop an ownership claim to the property. Your Kentucky home might be your single most valuable asset.

Good Returns on Investment

In many parts of Kentucky, land is a stable long-term investment that often sees steady, consistent returns over time. The land's development potential, mineral rights, agricultural use, and recreational value (such as for hunting) provide income opportunities for landowners.

"Agricultural land" means: Any tract of land, including all income-producing improvements, of at least ten contiguous acres in area used for the production of livestock, livestock products, poultry, poultry products and/or the growing of tobacco and/or other crops including timber.

The ten states with the cheapest land are Arizona, New Mexico, Mississippi, Colorado, Arkansas, New York, Missouri, Oregon, Alabama, and Michigan. Arizona is the cheapest state to buy land with a median price of $4,164 per acre.

Aver- age subregion cropland rent ranged from $80 to $180 per acre; tobacco ground rent (with a curing barn) ranged from $90 to $430 per acre; hay rent ranged from $45 to $60 per acre; and pasture rent ranged from $30 to $60 per acre. Map 1. Kentucky Counties by Region. Map 2.

Kentucky squatters' rights are simple- unless they have occupied the same property continuously for 15 years, they most likely cannot claim legal ownership. Landlords and owners should know the rules to avoid any trouble in or on their vacant property.

Can you claim abandoned property in Kentucky? ›

KRS 393.130 allows the holder of unclaimed property or the Division of Unclaimed Property, Kentucky Department of Treasury, to turn that property over to a claimant upon proper proof. This administrative regulation establishes requirements for claims for unclaimed property.

Homestead Statutes in Kentucky

Similar to state homestead laws, the Bluegrass State's homestead statute, places a limit on the value or property that can be designated as a homestead at $5,000. Debtors are also allowed to protect $3,000 of personal property.

Larger Down Payments – Land loans typically require a larger down payment than traditional mortgages, often as much as 20% to 30% of the asking price. If you are purchasing raw land, the preferred down payment can be as much as 30% to 50% of the total cost.

Average Kentucky farm real estate values were $4,000/acre as reported in the annual Land Values Summary released by USDA on August 6. This was 2.0% higher than 2020 and the first-time average values have reached $4,000.

The twenty year cut will only average 1,500 bd ft/acre of merchantable timber, and have a stumpage value of approximately $210.00/acre ($140.00/1,000 bd ft). On the other hand, the fifty year cut will average 4,500 bd ft/acre, and have a stumpage value of approximately $1,000.00/acre ($225.00/1,000 bd ft).

Buying land in Grayson

There are 15 available properties to buy near Grayson listed at $372,656 on average, with each acre priced at $5,184. For more matching properties near here, browse land for sale in Kentucky.