In terms of land, how does housing generally differ between urban and rural areas?

In urban areas, housing tends to be built on smaller plots of land due to the higher population density and demand for living space. As cities grow and more people move in, the supply of available land decreases, making the land that is available more valuable and, consequently, more expensive.

In contrast, rural areas typically have larger plots of land available for housing, primarily because the population is much lower and there is more space. This abundance of land leads to lower prices compared to urban areas. The cost of land in rural regions is usually less impacted by high demand since there are more options for buyers, making it generally cheaper.

This understanding highlights why housing land tends to be less expensive in rural areas compared to urban settings, reinforcing the idea that when looking at land costs, rural areas offer more affordable housing options due to their larger land availability and lower demand. Thus, the characterization of land as being cheaper in rural areas accurately reflects the economic conditions present in these two different settings.