In several cities in the United States, land prices made up over two-thirds of the value of those properties in 2023. 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 2023
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American Enterprise Institute. (April 30, 2024). Land price as a share of property value in selected cities in the United States in 2023 [Graph]. In Statista. Retrieved December 21, 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 2023." Chart. April 30, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1376634/land-price-as-a-share-of-property-value-in-selected-cities-in-the-us/
American Enterprise Institute. (2024). Land price as a share of property value in selected cities in the United States in 2023. Statista. Statista Inc.. Accessed: December 21, 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 2023." Statista, Statista Inc., 30 Apr 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 2023 Statista, https://www.statista.com/statistics/1376634/land-price-as-a-share-of-property-value-in-selected-cities-in-the-us/ (last visited December 21, 2024)
Land price as a share of property value in selected cities in the United States in 2023 [Graph], American Enterprise Institute, April 30, 2024. [Online]. Available: https://www.statista.com/statistics/1376634/land-price-as-a-share-of-property-value-in-selected-cities-in-the-us/
