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lite Land & Auction Co. recently helped a buyer put a 160-acre recreational property in Newark, MO under contract. This property presented a rare opportunity to secure prime hunting land in a county renowned for its abundant whitetail deer population. With the recreational property market in Knox County on the rise, this was the perfect time to invest in the buyer’s outdoor passion and secure a valuable asset for generations to come.
Recreational Property Market Trends in Knox County, MO
The Knox County real estate market is experiencing a surge in activity, with a 100% increase in homes for sale compared to the previous month (Rocket Homes). The average home value in Knox County has risen by 8.3% over the past year, indicating a strong and growing market (Zillow). Recreational land, in particular, is in high demand, with recent listings totaling nearly 1,000 acres and a combined market value of almost $2 million (LandWatch). Over the past year, the price per acre for recreational land in Knox County has increased by 13.4%, highlighting the potential for long-term appreciation (National Land).
Hunting in Knox County and Newark, MO
Knox County is a hunter’s paradise, with its vast woodlands and rolling hills providing the perfect habitat for a thriving population of whitetail deer. Newark, in particular, offers exceptional hunting opportunities, with properties featuring a mix of tillable farmland, wooded areas, and timber, creating an ideal environment for deer and other game species, (LandSearch).
Benefits of 160-Acre Recreational Property
Owning a 160-acre recreational property provides a unique combination of lifestyle benefits and investment potential. The property can serve as a private retreat for outdoor activities like hunting, hiking, and camping, while also offering the opportunity to generate income through leasing or timber management. Long-term appreciation of the land’s value makes it a solid addition to any investment portfolio.
Financing Options for Recreational Property
Securing financing for recreational land is more accessible than you might think. Specialized lenders offer loan programs designed specifically for recreational property, with competitive rates and terms up to 30 years. Some lenders provide bare land loans and hunting land loans, allowing you to purchase the property even if you don’t plan to build immediately (Compeer Financial). It’s essential to work with a lender experienced in recreational land financing to find the best loan program for your situation.
Contact one of our local recreational land agents today to schedule if you are looking to buy or sell your property!
https://elitelandandauction.com/land-agent/