Developed urban, suburban, agricultural, and federal lands were all taken into account in the study. States with a bigger population almost always have larger urban centers and this boosts the relative value of the real estate. This is evident in the list of the top 10 most valuable states. California is worth more than the next three most valuable states combined, yet ranks lower on the per-acre average due to the large amount of land it has dedicated to agriculture. Most Valuable States, Overall 10. Washington Total value: $716 billion 9. Illinois Total value: $833 billion 8. Ohio Total value: $838 billion 7. Michigan Total value: $865 billion 6. Pennsylvania Total value: $914 billion 5. New Jersey Total value: $930 billion 4. Florida Total value: $1.0 trillion 3. New York Total value: $1.2 trillion 2. Texas Total value: $1.3 trillion  1. California Total value: $3.9 trillion Most Valuable States Per Acre Conversely, states with larger rural areas relative to their size didn’t fare as well in this valuation. Agricultural and undeveloped land is worth significantly less than the land that cites and suburbs lie upon. States like New Jersey, Massachusetts, and Rhode Island fared well in the study since they are smaller in land mass and have less rural areas to drag down the average price per acre. In fact, six of the top 10 most valuable states are also among the 10 smallest states by size. 10. Pennsylvania Value of land per acre: $31,923 Total acres: 28.6 million 9. Ohio Value of land per acre: $32,077 Total acres: 26.1 million 8. California Value of land per acre: $39,092 Total acres: 99.9 million 7. New York Value of land per acre: $41,314 Total acres: 30.1 million 6. Delaware Value of land per acre: $57,692 Total acres: 1.2 million 5. Maryland Value of land per acre: $75,429 Total acres: 6.2 million 4. Massachusetts Value of land per acre: $102,214 Total acres: 5.1 million 3. Connecticut Value of land per acre: $128,824 Total acres: 3.1 million 2. Rhode Island Value of land per acre: $133,730 Total acres: 673,000

  1. New Jersey Value of land per acre: $196,410 Total acres: 4.7 million The Full List of Most Valuable Contiguous States (Per Acre):
  2. New Jersey Value of land per acre: $196,410 Total value: $930 billion Total acres: 4.7 million
  3. Rhode Island Value of land per acre: $133,730 Total value: $90 billion Total acres: 673,000
  4. Connecticut Value of land per acre: $128,824 Total value: $400 billion Total acres: 3.1 million
  5. Massachusetts Value of land per acre: $102,214 Total value: $517 billion Total acres: 5.1 million
  6. Maryland Value of land per acre: $75,429 Total value: $470 billion Total acres: 6.2 million
  7. Delaware Value of land per acre: $57,692 Total value: $72 billion Total acres: 1.2 million
  8. New York Value of land per acre: $41,314 Total value: $1.2 trillion Total acres: 30.1 million 
  9. California Value of land per acre: $39,092 Total value: $3.9 trillion Total acres: 99.9 million
  10. Ohio Value of land per acre: $32,077 Total value: $838 billion Total acres: 26.1 million
  11. Pennsylvania Value of land per acre: $31,923 Total value: $914 billion Total acres: 28.6 million
  12. Florida Value of land per acre: $28,961 Total value: $1.0 trillion Total acres: 35.3 million
  13. Michigan Value of land per acre: $23,765 Total value: $865 billion Total acres: 36.4 million
  14.  Illinois Value of land per acre: $23,492 Total value: $833 billion Total acres: 35.5 million
  15. Virginia Value of land per acre: $21,921 Total value: $555 billion Total acres: 25.3 million
  16. New Hampshire Value of land per acre: $19,840 Total value: $114 billion Total acres: 5.7 million
  17. South Carolina Value of land per acre: $17,610 Total value: $339 billion Total acres: 19.3 million
  18. Indiana Value of land per acre: $16,903 Total value: $387 billion Total acres: 22.9 million
  19. Washington Value of land per acre: $16,752 Total value: $716 billion Total acres: 42.7 million
  20. North Carolina Value of land per acre: $16,230 Total value: $506 billion Total acres: 31.2 million
  21. Tennessee Value of land per acre: $14,411 Total value: $380 billion Total acres: 26.4 million
  22. Georgia Value of land per acre: $14,242 Total value: $528 billion Total acres: 37.1 million
  23. Louisiana Value of land per acre: $12,908 Total value: $354 billion Total acres: 27.4 million
  24. Alabama Value of land per acre: $12,356 Total value: $400 billion Total acres: 32.4 million
  25. West Virginia Value of land per acre: $10,537 Total value: $162 billion Total acres: 15.4 million
  26. Wisconsin Value of land per acre: $9,924 Total value: $344 billion Total acres: 34.7 million
  27. Minnesota Value of land per acre: $8,191 Total value: $416 billion Total acres: 50.8 million
  28. Texas Value of land per acre: $7,542 Total value: $1.3 trillion Total acres: 167.9 million
  29. Vermont Value of land per acre: $7,439 Total value: $44 billion Total acres: 5.9 million  29. Oklahoma Value of land per acre: $7,364 Total value: $323 billion Total acres: 43.9 million
  30. Missouri Value of land per acre: $7,233 Total value: $318 billion Total acres: 44.0 million
  31. Kentucky Value of land per acre: $7,209 Total value: $183 billion Total acres: 25.4 million
  32. Arkansas Value of land per acre: $6,739 Total value: $224 billion Total acres: 33.2 million
  33. Iowa Value of land per acre: $6,590 Total value: $235 billion Total acres: 35.7 million
  34. Oregon Value of land per acre: $6,503 Total value: $400 billion Total acres: 61.5 million
  35. Colorado Value of land per acre: $6,462 Total value: $429 billion Total acres: 66.4 million
  36. Maine Value of land per acre: $6,142 Total value: $122 billion Total acres: 19.9 million
  37. Mississippi Value of land per acre: $5,565 Total value: $166 billion Total acres: 29.8 million
  38. Utah Value of land per acre: $4,664 Total value: $247 billion Total acres: 50.3 million
  39. Arizona Value of land per acre: $4,328 Total value: $315 billion Total acres: 72.8 million
  40. Kansas Value of land per acre: $4,220 Total value: $220 billion Total acres: 52.1 million
  41. Idaho Value of land per acre: $3,435 Total value: $182 billion Total acres: 53.0 million
  42. Nebraska Value of land per acre: $2,936 Total value: $144 billion Total acres: 49.1 million
  43. North Dakota Value of land per acre: $2,517 Total value: $110 billion Total acres: 43.7 million
  44. Montana Value of land per acre: $2,283 Total value: $213 billion Total acres: 93.3 million
  45. South Dakota Value of land per acre: $2,135 Total value: $103 billion Total acres: 48.2 million
  46. Nevada Value of land per acre: $2,116 Total value: $149 billion Total acres: 70.4 million
  47. New Mexico Value of land per acre: $1,931 Total value: $150 billion Total acres: 77.7 million
  48. Wyoming Value of land per acre: $1,558 Total value: $97 billion Total acres: 62.3 million