I noticed a couple of real estate signs close to our homestead in Ovalo, TX. 1 acre lots for around $50k. I am not the agent, I just live close to these lots. We chose this area because of the beautiful soil, plus 20 minutes from hospital and small city convenience, but with a country atmosphere.
Here's their description: An acre to build your dream home on in the sought after Jim Ned School Valley! Build to suit your needs with very limited deed restrictions, so your dream shop could be in your future. The lot already has underground electric and a water meter purchased and shelved. The expense of the water meter alone would have been $4, 500 and you don't have to go through the hassle to obtain it yourself. It will require a standard septic system which is another cost saver.