In plenty of cities in the United States, land prices made up over two-thirds of the value of those properties in 2021. For example, the average price of land for development in Los Angeles constituted 74 percent of the value of the property erected in that soil. The three cities with the highest land price in the U.S. were in California.
Land price as a share of property value in selected cities in the United States in 2021
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American Enterprise Institute. (March 31, 2023). Land price as a share of property value in selected cities in the United States in 2021 [Graph]. In Statista. Retrieved September 15, 2024, from https://www.statista.com/statistics/1376634/land-price-as-a-share-of-property-value-in-selected-cities-in-the-us/
American Enterprise Institute. "Land price as a share of property value in selected cities in the United States in 2021." Chart. March 31, 2023. Statista. Accessed September 15, 2024. https://www.statista.com/statistics/1376634/land-price-as-a-share-of-property-value-in-selected-cities-in-the-us/
American Enterprise Institute. (2023). Land price as a share of property value in selected cities in the United States in 2021. Statista. Statista Inc.. Accessed: September 15, 2024. https://www.statista.com/statistics/1376634/land-price-as-a-share-of-property-value-in-selected-cities-in-the-us/
American Enterprise Institute. "Land Price as a Share of Property Value in Selected Cities in The United States in 2021." Statista, Statista Inc., 31 Mar 2023, https://www.statista.com/statistics/1376634/land-price-as-a-share-of-property-value-in-selected-cities-in-the-us/
American Enterprise Institute, Land price as a share of property value in selected cities in the United States in 2021 Statista, https://www.statista.com/statistics/1376634/land-price-as-a-share-of-property-value-in-selected-cities-in-the-us/ (last visited September 15, 2024)
Land price as a share of property value in selected cities in the United States in 2021 [Graph], American Enterprise Institute, March 31, 2023. [Online]. Available: https://www.statista.com/statistics/1376634/land-price-as-a-share-of-property-value-in-selected-cities-in-the-us/
