Insight
Median lot prices vary significantly: roughly $75,000/acre in rural areas, over $181,000/acre in suburbs, and $500,000/acre in urban areas. Nationally, the median price is $79,000 for a 0.57-acre lot.
300,000-plus listed lots highlight infill boon for builders, per Zillow
Summary
Over 300,000 vacant lots listed on Zillow could address the housing shortage. Builders face zoning, permitting, and financing hurdles for infill and rural projects. Policy reforms are key to unlocking this supply.
Key takeaway
Tags#Market Research