In most of the US, a house costs more than 300k. The average price atm is 513,000 according to https://fred.stlouisfed.org/series/ASPUS https://fred.stlouisfed.

In most of the US, a house costs more than 300k. The average price atm is 513,000 according to https://fred.stlouisfed.org/series/ASPUS https://fred.stlouisfed.org/series/ASPUS I'll suggest neither of us are actually right anyway. A raw piece of land that was never setup for building a house on would definitely be worth less than a piece of land that was ready for a house. Especially if it had city water/sewage, power lines, fiber for internet, etc. Add in school districts and whatever else, and again the land becomes more valuable. So having a piece of land with a house on it might be worth more than an empty piece of land - but that comes back to location! A piece of land in the middle of a developed city would be worth more than a random piece of land in rural Ohio. Anyway, I still think it tracks. In my town an empty house-sized plot of land with utilities would probably cost similar to a house (maybe minus that $300k cost to build a house).