* Kentucky is another state with affordable land, with an average price of $48,000 for an acre of undeveloped land. Some counties, such as Leslie County, have average land prices as low as $10,000 per acre.
* Arkansas is a great option for those looking for cheap land in the South, with an average price of $52,000 for an acre of undeveloped land. Some counties, such as Cleburne County, have average land prices as low as $12,000 per acre.
* Mississippi has some of the most affordable land in the country, with an average price of $55,000 for an acre of undeveloped land. Some counties, such as Issaquena County, have average land prices as low as $8,000 per acre.
* Alabama rounds out the top 5 states with the cheapest land, with an average price of $56,000 for an acre of undeveloped land. Some counties, such as Wilcox County, have average land prices as low as $10,000 per acre.