USDA publishes land values report for Northeastern U.S.


Aug. 9, 2021 - The U.S. Department of Agriculture recently published an updated Land Values Report for the Northeastern United States. The report shows a wide disparity of farmland real estate values from state-to-state. For example, the average value (per acre) of farmland in New Jersey in 2021 is $14,400 while in neighboring New York State the average value is only $3,270.


Farmland real estate values (2021) in other Northeastern states include:


  • Connecticut $6,000

  • Delaware $9,300

  • Maine $2,600

  • Maryland $8,670

  • Massachusetts $13,700

  • New Hampshire $5,050

  • Pennsylvania $6,800

  • Rhode Island $16,400

  • Vermont $3,900

The value of farmland in Massachusetts went up 21% over the past year according to the USDA report, while in Maine it only went up 4%.


The complete report, which includes values for cropland and pastureland, can be found here (PDF file):


Northeastern Region Land Values 2021 Report
.pdf
Download PDF • 165KB


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