We hear it all the time — buyers looking for a “good deal,” a “unicorn property,” or something that “just doesn’t exist.” The truth is, in the farm and equestrian market, those unicorns really don’t exist, and we’re not afraid to tell you that.

When you’re searching for equestrian properties, farmettes, or land with acreage in central Maryland, there are several key factors that determine pricing and overall value. Location, usable acreage, home size and condition, and the quality of outbuildings, fencing, and pasture all play major roles. We also factor in unique property characteristics that may make something less desirable — like hilly terrain, proximity to train tracks, marshy land, or older homes that are difficult to update.

While there are always exceptions, here’s what we typically see in today’s market:

• Livable home with turnkey animal accommodations (ready-to-use barn, safe fencing, pasture) on 5–10 acres: $700,000–$1 million
• Updated and well-maintained home on 5–10 acres: $850,000–$1.2 million
• Livable home on 10–30 acres with animal accommodations or usable land: $950,000–$1.25 million
• Large, modern home with amenities on 20–40 acres: $1.25 million–$2.25 million+, depending on location
• Fixer-uppers with solid acreage and potential: $550,000–$650,000 — but expect to invest sweat equity in fencing, barns, or renovations

If you find a well-maintained home on a decent amount of acreage — with at least some animal amenities — for under $1 million, jump on it. These properties are rare and highly competitive.

We’re always upfront with our clients about what’s realistic and what isn’t. It’s important to set clear expectations so we can help you find the right property without wasting time chasing something that doesn’t exist within your budget.

Land is a true premium in Maryland, and the closer you get to the D.C. metro area, the more those prices climb.

At Homes and Farms Real Estate, we specialize in connecting buyers and sellers of equestrian properties, farms, and homes with acreage. If you have questions about this unique market, we’d love to help.

Homes and Farms Real Estate
443-508-3280 (office) | [email protected]