Central Iowa Land Prices | Values

According to the Iowa State University 2020 Farmland Survey, Central Iowa land prices increased from $8,336 an acre in 2019 to $8,485 an acre in 2020. This was a $149 per acre or 1.8% increase. The average price of high quality farmland within this region (85 CSR2) is $9,800 an acre, the average price for medium quality farmland (76 CSR2) is $7,883 an acre, and the average price for low quality farmland (51 CSR2) is $5,793 an acre.

According to the fall 2020 Realtor Land Institute report, the average  Central Iowa land price of farmland is $9,749 per acre for high quality, $7,313 per acre for medium quality, and $4,764 per acre for low quality farmland. The average price for non tillable pasture is $2,921 per acre and $2,503 per acre for timberland for this region in Iowa.

The averages above for both reports are determined by interviewing agricultural professionals such as financial investors, brokers/realtors, county auditors, farm managers, and appraisers. 

According to Iowa Appraisal and Research Corporation 2020 recap report there were a total of 51 farms offered to the public via public auction in 2020 in Central Iowa which is a decrease from 2019 when 88 farms were brought to the market. A total of 5,204 of tillable acres were offered for sale in Central Iowa in 2020. The average price of farmland that sold on auction was $9,874 per acre which was up 5.75% from 2019 and the average price per tillable CSR2 point is $117 which is up $5 per tillable acre CSR2 point from 2019. 

Central Iowa Land Real Estate Company

Iowa Land Company Real Estate LLC specializes in the sale of land in Central Iowa. Our land brokers, appraisers, farm managers, and support staff track sales across Central Iowa which is crucial when evaluating a client’s property for them prior to offering the farm to the market. If you’re considering selling land, it’s important to understand that there is not one farm exactly alike so reach out to a trusted professional before offering your farm for a price per acre “average” dollar amount because you read somewhere the average price of land is selling for a certain price. We know Central Iowa land prices and values.

To give you an idea of what Central Iowa land prices are and farmland prices per region, pay close attention to the details below within our per county land auction results. Feel free to reach out to Cody Skinner, Matt Skinner, or Nick Skinner, our trusted Iowa Land Company Central Iowa land brokers.

Webster County, Iowa Land Prices | Values

Webster County, Iowa farmland is highly demanded. Farmers are always looking to add more acres and when farmland is available on the open market it draws a ton of interest both by investors and local farmers looking to expand land holdings. Only 300.82 acres was offered using the public land auction method in Webster County in 2020 those farmers brought $7,300 to $8,000 per acre. Farmland prices can range from $7,000 to $12,000 per acre in Webster County, Iowa.

According to Iowa State University Survey, the most recent average price of farmland near Fort Dodge, Iowa is $8,798 an acre which is up from last year in 2019 when it was $8,650 per acre. The average CSR2 in Webster County is 75.1.

Hamilton County, Iowa Land Prices | Values

Hamilton County, Iowa farmland sales volume was below average for 2020. Only 3 tracts of land sold in 2020. Out of those 3 tracts only 2 tracts were farmland. Demand for farmland assets in Hamilton county is high. Local investors and farmers push each other when the land does come up for sale on the public market. A highlight for the 2020 sales year was a 40 acre tract that brought $8,600 per acre. Farmland can sell for $7,000 to $12,000 per acre in Hamilton County, Iowa.

According to Iowa State University Survey, the most recent average price of farmland near Webster City, Iowa is $9,198 an acre which is up from last year in 2019 when it was $8,992 per acre. The average CSR2 in Hamilton County is 79.1.

Hardin County, Iowa Land Prices | Values

There were 3 land auctions in Hardin County in 2020 totalling 363 acres. The average price of farmland that was sold on auction with a CSR2 greater than 50 and 80% or greater tillable was $7,883 per acre in 2020. The average CSR2 of the farms offered for sale on auction in 2020 was 86.8. The average price per CSR2 point of these sales was $96.3.

According to Iowa State University Survey, the most recent average price of farmland near Eldora, Iowa is $8,531 an acre which is up from last year in 2019 when it was $8,254 per acre. The average CSR2 for farmland in Hardin County is 79.5.

Boone County, Iowa Land Prices | Values

Boone County, Iowa farmland sales volume was below average for 2020. Only 1 tract of land sold in 2020. This farm was a 73 acre parcel with 72.4 tillable acres and an 80.2 CSR2 value. This farm brought $104 a CSR2 point. Land in Boone County can be diverse from very high quality farmland to pot-hole type land in some parts of the county. 

According to Iowa State University Survey, the most recent average price of farmland near Boone, Iowa is $8,890 an acre which is up from last year in 2019 when it was $8,618 per acre. The average CSR2 in Boone County is 75.5.

Story County, Iowa Land Prices | Values

There were 6 land auctions in Story County in 2020 totaling 538 acres. The average price of farmland that was sold on auction with a CSR2 greater than 50 and 80% or greater tillable was $7,699 per acre in 2020. The average CSR2 of the farms offered for sale on auction in 2020 was 81.9. The average price per CSR2 point of these sales was $93.

According to Iowa State University Survey, the most recent average price of farmland near Ames or Nevada, Iowa is $9,139 an acre which is up from last year in 2019 when it was $8,836 per acre. The average CSR2 for farmland in Story County is 80.2.

Marshall County, Iowa Land Prices | Values

There were 8 farmland auctions in Marshall County in 2020 totaling 586.83 acres. The average price of farmland that was sold on auction with a CSR2 greater than 50 and 80% or greater tillable was $10,329 per acre in 2020. The average CSR2 of the farms offered for sale on auction in 2020 was 85.7. The average price per CSR2 point of these sales was $123.4.

According to Iowa State University Survey, the most recent average price of farmland near Marshalltown, Iowa is $8,146 an acre which is up from last year in 2019 when it was $7,863 per acre. The average CSR2 for farmland in Marshall County is 75.7.

Tama County, Iowa Land Prices | Values

There were 5 farmland auctions in Tama County in 2020 totaling 460.79 acres. The average price of farmland that was sold on auction with a CSR2 greater than 50 and 80% or greater tillable was $11,360 per acre in 2020. The average CSR2 of the farms offered for sale on auction in 2020 was 89.1. The average price per CSR2 point of these sales was $130.8.

According to Iowa State University Survey, the most recent average price of farmland near Toledo, Iowa is $8,113 an acre which is up from last year in 2019 when it was $7,842 per acre. The average CSR2 for farmland in Tama County is 70.3.

Dallas County, Iowa Land Prices | Values

Dallas County, Iowa farmland sales volume was comparable to years prior in 2018 and 2019. There were 4 parcels of land sold using the auction method. The highlight of these sales was a 303 acre tract that brought $12,000 per acre and $136 per CSR2 point.

According to Iowa State University Survey, the most recent average price of farmland near Adel, Iowa is $7,998 an acre which is up from last year in 2019 when it was $7,928 per acre. The average CSR2 in Dallas County is 76.6.

Polk County, Iowa Land Prices | Values

There were 3 farmland auctions in Polk County in 2020 totalling 306.98 acres. The average price of farmland that was sold on auction with a CSR2 greater than 50 and 80% or greater tillable was $9,883 per acre in 2020. The average CSR2 of the farms offered for sale on auction in 2020 was 83.5. The average price per CSR2 point of these sales was $141.9.

According to Iowa State University Survey, the most recent average price of farmland near Des Moines, Iowa is $8,225 an acre which is up from last year in 2019 when it was $7,909 per acre. The average CSR2 for farmland in Polk County is 70.7.

Jasper County, Iowa Land Prices | Values

Jasper County, Iowa farmland sales in 2020 was average. 9 tracts of land were sold using the public auction method. A highlight for 2020 sales was a $9,050 per acre farmland sale near Newton. Farmland in Jasper County ranges widely in value. Investors and local farmers push the price of farmland higher when it goes for sale on auction.

According to Iowa State University Survey, the most recent average price of farmland near Newton, Iowa is $7,943 an acre which is up from last year in 2019 when it was $7,797 per acre. The average CSR2 in Jasper County is 68.5.

Poweshiek County, Iowa Land Prices | Values

There were 8 land auctions in Poweshiek County in 2020 totaling 790.25 acres. The average price of farmland that was sold on auction with a CSR2 greater than 60 and 80% or greater tillable was $8,673 per acre in 2020. A total of 696.64 were tillable with a CSR2 of 78.88. The average price per CSR2 point of these sales was $119.

According to Iowa State University Survey, the most recent average price of farmland near Grinnell, Iowa is $7,731 an acre which up from last year in 2019 when it was $7,486 per acre. The average CSR2 in Poweshiek County is 67.9.

FREE Farmland Evaluation

Do you want to know what Central Iowa land prices are? We offer a free farmland evaluation with no obligations to you as the landowner. Our evaluations are detailed. The evaluation will describe to you how we came up with the value for your farm.  We work via phone or email while gathering the farm information we need to help calculate the value of the farm. You can call us on our personal cell, for Cody @ (515) 443-6343 or Matt @ (515) 443-5004  or  Nick @(515) 650-0974  or mail us directly at Cody@iowalandcompany.com  or Matt@iowalandcompany.com or Nick@iowalandcompany.com to ask any questions about our free farm appraisal.