Property Rezoning from Agricultural to Residential
Unused or unprofitable farmland can be converted into residential areas where houses, apartments, condominiums can be built and leased to tenants. Of course, the specific residential building possibilities will depend on the designated density of residential zoning.
Single-family homes can be built on low density residential zones. Duplexes, townhouses, and low-rise apartments can be built on medium density residential zones. Lastly, high-rise apartments and condominiums can be built on high density residential zones.
The value of your previously agricultural property can significantly increase if there’s a high demand for residential housing in your area. Additionally, if properties around you have been rezoned from residential to commercial, then you can reasonably expect a high real estate value for your now residential property.