Commercial Real Estate News / Investing / Why West Virginia Land Is a Profitable Investment (Updated for 2023)

Why West Virginia Land Is a Profitable Investment (Updated for 2023)

Published: 09-26-21 Category: Investing

Specializes in providing actionable insights into the commercial real estate space for investors, brokers, lessors, and lessees. He covers quarterly market data reports, investment strategies, how-to guides, and top-down perspectives on market movements.

A plot of land for sale in West Virginia.

This article was updated on 8/29/2023.

What is it like to live in the only state entirely within the Appalachian Mountain range?

West Virginia was dubbed "almost heaven" by John Denver, and the state effortlessly lives up to that description. Picturesque and captivating, the land for sale in West Virginia is among some of the most beautiful in the country that can be used for either commercial or residential purposes.

The reputation of West Virginia falsely misleads Americans to believe that there is nothing more than countryside and mining. West Virginia is a hidden gem in plain sight: Mountains, hills, and lakes offer adventurers the chance to immerse themselves in nature. Art and culture are embraced through revisiting history, like the playing of bluegrass music.

West Virginia is now more welcoming than ever. Now, its economy is the best it has been in decades, with growth in health care and manufacturing.

Industries and Economy of West Virginia

West Virginia has long been a leader in coal production. Now, the state is ready to shift towards replacing its mining with renewable energy sourcing. Its representatives aim to do so in a way that creates more jobs and economic opportunities. The decline in coal does not mean the downfall of productivity in West Virginia but will be the catapult to a thriving economy.

Livestock drives the agriculture industry forward as well, with farm families at the helm. Only 5% of West Virginia farms are not privately owned by families. Altogether, the state produces an impressive amount of broilers and beef cattle, as well as apples.

Fishing & Agriculture in West Virginia

You may not realize how large the fishing industry is in West Virginia. Not only is it an enjoyable recreational activity, but it's partly responsible for half a billion dollars produced every year.

Lastly, West Virginia is the home to attractive landscapes and nature adventures. The tourism business grew after a long dry spell and continues to prosper well into 2023.

Much of the economic potential of the Mountain State stems from making the most out of its land and resources. Therefore, each acre of land in the state is more precious than the last.

How Much Does an Acre of Land for Sale in West Virginia Cost?

Undeveloped land for sale in West Virginia can range between $3,000 and $6,000 per acre, depending on the county and other factors.

Spencer County: $4,000 to $6,000 per acre;
Hillsboro County: $5,000 per acre;
Berkeley County: $4,000 to $5,000 per acre;
Monongalia County: $5,000 to $6,000 per acre;
Hampshire County: $3,000 to $4,000 per acre.

Each plot of land captures the serene beauty of West Virginia scenery, which is one of the reasons the state is loved by many.

Why People Love West Virginia

The outdoors in this state offers everything from waterfalls to green pastures. Hiking remains one of the top activities in West Virginia, since nearly 80% of the land is forested. Whitewater rafting is another popular recreational sport made available by numerous rivers.

Nothing is comparable to the changing fall colors and the brilliant blue of the lakes in West Virginia. If you have lived somewhere with only one or two seasons, then prepare yourself to enjoy all four seasons here. There is no need to travel out of state for skiing and snow activities: Winter wonderland sits right outside the doorsteps of West Virginians.

Additionally, some find that the slower pace of life here is much more suitable for them than bustling areas.

Cost of Living

Living in West Virginia is affordable, sitting at about 8% lower than the national average. Starting a business here is much more feasible than in most other states.

Then, of course, the cuisine is a memorable feature for many. Pepperoni rolls and cornbread tend to win the hearts of traveling outsiders.

Why Buying Land for Sale in West Virginia Is a Profitable Investment

Land for sale in West Virginia boasts its natural scenic landscapes, but it also allows access to big cities. You can be on a farm one minute and be in a downtown area not long after. There are many families who want to continue the farming legacy of the state.

Renting out undeveloped farmland is the perfect way to raise the value of the property you buy.

Additionally, now is the right time to partake in the move towards renewable energy in West Virginia. As coal production reaches a final peak in the state, residents see a greater vision of a greener life.

Living and working in West Virginia is appealing to those who are burnt out by fast-paced urban lifestyles. Rural getaways are well sought out, which bring you the opportunity to purchase one for yourself or rent one out for profit.