Commercial Real Estate News / Buying / Top 10 Places to Buy Land for Sale in Oklahoma

Top 10 Places to Buy Land for Sale in Oklahoma

Published: 10-31-23 Category: Buying

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Oklahoma boasts some of the largest agriculture, livestock, and energy industries in the country, and the state, as a result, tends to favor both residential and commercial land investments.

Oklahoma's economy is also among the fastest growing in the US, thanks to its oil and gas activity, transportation, and warehousing.

Here, we'll cover the ten best places to buy land for sale in Oklahoma based on land availability, local economies, and development opportunities.

Let's get started.

#1 – Canadian County

Top 10 Places to Buy Land for Sale in Oklahoma

Canadian County is in Central Oklahoma, directly west of OKC. The county has a solid economic base in agribusiness, manufacturing, and oil extraction and also benefits from being close to the larger OKC metro area.

Land in Canadian County is among the cheapest in the state, with many plots going for at or below $1,000 per acre.

#2 – Durant

Durant is located in Bryan County on the southern border of Oklahoma and is part of the greater Dallas metro area.

Major industries in Durant include distribution and manufacturing. You can find land for sale in Durant for as low as $2,000 to $4,000 per acre.

Durant also offers incentives to new business owners, like the Small Employer Quality Jobs Payment Program, to help businesses finance payroll costs.

#3 – Oklahoma City

The largest city in Oklahoma and the state capital, OKC has a large and diverse economy focused on aerospace, transportation, energy, and biotechnology.

Land for sale in Oklahoma City will run you about $5,000 per acre for an undeveloped plot.

Oklahoma City is currently undergoing a major expansion in industrial demand, particularly in warehousing and logistics centers.

#4 – Sequoyah County

If you want cheap land in Oklahoma, then Sequoyah County is a good choice.

Land for sale in Sequoyah County routinely goes for anywhere between $1,000 to $2,000 per acre.

Sequoyah County's economy is dominated by manufacturing and retail, and the county is located right on I40, between Memphis and OKC, both of which are regional urban centers.

#5 – Texas County

Texas County in Oklahoma (confusing, yes, we know) is the largest agricultural producer in the state.

Each year, the county generates more than $1 billion in agricultural products, the vast majority of which is in cattle. Additionally, Texas County has some of the highest cash rents for cropland, at $110 per acre.

Land for sale in Texas County is generally affordable, with rural land prices ranging between $2,000 and $4,000 per acre and favoring farmland investors especially.

#6 – Stephens County

Oklahoma has a lot of oil and gas, and the state produces over 524,000 barrels of crude per day. Stephens County is the leading oil producer in the state, creating more than 13% of Oklahoma's oil output.

Land for sale in Stephens County generally goes for anywhere between $2,000 and $4,000 per acre, though more expensive plots can come in at above $10,000 per acre.

#7 – Pittsburgh County

Situated southwest of OKC, Pittsburgh County is small but economically impactful. Land for sale in Pittsburgh County is usually very affordable, averaging between $1,000 and $4,000 per acre for rural plots.

=McAlester is the main center of Pittsburg County's economy, with a noted recent push to buttress its aerospace industry.

#8 – Tulsa

Located in Tulsa County, Tulsa is the second-largest city in Oklahoma, with a strong economy steeped in aerospace, logistics, energy, and automobiles.

Tulsa has seen extensive growth over the last few years, with its revitalized oil industry allowing for nearly double the national economic growth rate.

Despite the growth, land for sale in Tulsa County is still generally affordable, and you can find rural plots going for anywhere between $3,000 and $6,000 per acre.

#9 – Osage County

Oklahoma's hunting industry is nothing to scoff at, and the state's Osage County is known as one of its most popular hunting destinations.

Osage County is especially known for deer hunting. Buying land for sale in Osage County and leasing it to hunters can be a great way to put undeveloped land to work with minimal effort.

#10 – Comanche County

If you're looking for residential land, Comanche County is a good option.

Land for sale in Comanche County can run as low as $1,000 per acre, and the Comanche County government also provides a homestead exemption tax for landowners.

How Much Is Land Per Acre in Oklahoma?

Based on data from the USDA's 2023 Land Values Summary, the average cost of farmland in Oklahoma is about $2,450 per acre.

Overall, Oklahoma is one of the most affordable states in the country to buy commercial land.

Where's the Best Place to Buy Land in Oklahoma?

It depends on your goals as a land investor. If you're looking to make passive income with your agricultural land, Texas, Cimmaron, and Hughes counties are good places to start.

If you're trying to lease land for oil, Carter, Ellis, and Stephens counties are good options.

If, on the other hand, you want to develop industrial land, your best bet is to purchase land for sale near larger metro areas, like OKC or Tulsa.

Before starting your search for land for sale in Oklahoma, we recommend getting a land broker on your investment team. Having a commercial real estate broker that specializes in land can help you avoid common real estate mistakes and streamline the process by:

Gathering environmental reports;
Comparing land financials;
Exploring land loan options;
Helping you find tenants; and
Negotiating sales and lease contracts.

Another thing: Oklahoma, in particular, has certain laws in place that may affect your obligations as a landowner, so having an experienced commercial real estate broker on your team can help you navigate those intricacies when buying commercial land.

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