Tennessee Mountains Ranches for Sale - 115 Properties (2024)

FAQs

How many acres is considered a farm in Tennessee? ›

First, the farm must consist of a minimum of 15 acres of land which is actively being used for agricultural purposes. That would include growing crops, plants, flowers, livestock…even fish. The idea is that you are currently intentionally using the land to produce something.

Outdoor recreation also abounds, with activities like hiking, fishing, hunting, boating and camping. Investing in land lets you fully partake in Tennessee's natural riches. Tennessee's long growing season and high-quality soil make agriculture a $3.9 billion industry here.

Statewide, an average acre of Tennessee land is worth $14,400, but it's all about location. The average sales amount for a 251,911 square foot lot in one of Unicoi County's prime locations is $59,408, according to FindAnyAnswer.com. Tennessee's $14,400 per acre average cost compares to $12,100 in the lower 48 states.

Tennessee includes nearly 100,000 acres of farmland for sale based on recent Land And Farm data. The combined market value of farmland for sale in Tennessee is $816 million, with the average price of farmland for sale in being $1.16 million. Discovery more Tennessee farmland and land for sale near you on Land and Farm.

In light of the generally expansive definition given agricultural uses in Tennessee, buildings located on farm property that are used as residences by farmers and farm workers would be considered exempt from county zoning regulations, provided that the farm property is not “adjacent or in proximity to state federal-aid ...

Which regions of Tennessee are popular for purchasing land? Shelby County and Memphis anchor west Tennessee, Davidson County and Nashville are the hub of middle Tennessee and Knox County and Knoxville dominate east Tennessee. Just east of Knoxville sits Sevier County, which has the most land available in the state.

How is property taxed in Tennessee? Property tax is a local tax based on the value of your house and land, which is determined by county assessors. The average tax rate was 0.67 percent of a property's assessed value in 2021, according to the Tax Foundation. Rates vary by county and municipality.

Tennessee's exemption for personal property is $10,000. Individual homeowners in Tennessee, then, can exempt a total of $15,000 in real and personal property combined using this and the homestead exemption compared with a total of $24,200 if the federal exemptions were available.

Job Growth and Migration Drive Up Demand

With Tennessee's business-friendly environment, more and more companies are relocating here, bringing new residents with them. This ongoing migration and job growth lead to greater housing demand, naturally driving up land prices.

How much does it cost to build a house in Tennessee? ›

However, by building your own home you get a brand-new residence, customized to your needs. It costs $261,940 on average to build a home in Tennessee. This figure can add up to $411,940 if you include land costs, excavations, permits, and other expenses.

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.

Currently, some of the major crops in Tennessee include soybeans, corn, hay, and wheat; and poultry meat like turkey and eggs are major livestock-related exports.

Investing in agricultural land can be a great opportunity to capitalize on the current market, with some states offering highly affordable farmland. North Dakota and Wyoming are two of the most cost-effective states for farming land, followed by Alabama and Kentucky.

Farming is also a business, so you need to understand exactly how much it will cost. And it's a complicated question with no set answer. However, you can expect to spend anywhere from $600-$10K to start a small-scale farming operation. Large-scale operations can cost well over $2M to start!

The average farm size for 2021 is 445 acres, up from 444 acres the previous year.

USDA defines a farm as any place that produced and sold—or normally would have produced and sold—at least $1,000 of agricultural products during a given year. USDA uses acres of crops and head of livestock to determine if a place with sales less than $1,000 could normally produce and sell at least that amount.

Medium-sized farms ranged from 2,000-5,000 acres, while small-acreage farms had less than 2,000 cropped acres.