Eastern Iowa Farmland Appraiser and Land Brokers

SALES COMPARISON APPROACH, INCOME APPROACH, AND COST APPROACH

When ordering an appraisal from Iowa Land Company you can expect a certified rural appraisal that meets the Uniform Standards of Professional Appraisal Practice (USPAP) standards and meets your completion date requirement. A market value appraisal provides the value of a farm property on a given date.  Three approaches to value are used within the appraisal to assure the client of a highly objective value.

• Income Capitalization Approach  provides a value based on expected reasonable income and expenses, with net income divided by a capitalization rate derived from market data.
• Sales Comparison Approach is a head to head comparisons of nearby sales
• Cost Allocation Approach is an allocation of value for each land type based on values of similar land types of nearby sales.

CURRENT EASTERN IOWA LAND VALUES UPDATE

Below are some brief farmland auction highlights data per county in 2023 and 2024 along with the counties current land value price according to the latest Iowa State University Survey   

BENTON COUNTY FARMLAND APPRAISER

(Appraising farmland near – Atkins, Keystone, Norway, Van Hoe, Belle Plaine Luzee, Shellsburg, Vinton, Blairstown, Mount Auburn, Urbana, Walford, Garrison, Newhall)

There were 15 land auctions in Benton County in 2023. The average price farm sold for $12,900 / acre or $165 per CSR2 point. The highest priced farm in Benton County that sold on auction in 2023 was sold a few miles from Dysart, Iowa. The farm was 115.5 acres and it offered a 92.1 CSR2.The farm sold for $21,200/ acre or $243 per CSR2 point. For the entire list of Benton County land auction results go to our Benton County land page by clicking on the graph below or call Benton County, Farmland Appraiser and Land Broker Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS  IN BENTON COUNTY HERE

IOWA COUNTY FARMLAND APPRAISER

(Appraising farmland near –  Ladora, North English, Victor, Marengo, Paell, Williamsburg, Millersburg)

There were 4 land auctions in Iowa County in 2023. The average price farm sold for $15,875 / acre or $210 per CSR2 point. The highest priced farm that sold at auction in Iowa County in 2023 was sold on October 17th. The farm offered 81.35 acres 80.76 of which were tillable with a 90 CSR2 rating. The property sold for $17,500 an acre. For the entire list of Iowa County land auction results go to our Iowa County land page by clicking on the graph below or call Iowa County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS  IN IOWA COUNTY HERE

LINN COUNTY FARMLAND APPRAISER

(Appraising farmland near – Albuett, Ely, Palo, Robins, Hiawatha, Cedar Rapids. Fairfax, Prairieburg, Bertram, Lisbon, Marion, Mount Veon, Walford, Springville, Center Point, Coggon, Central City, Walker)

There were 6 land auctions in Linn County in 2023. The average price farm sold for $12,234 / acre or $203 per CSR2 point. The highest priced farm that sold at auction in Linn County in 2023 was sold on April 5th. The farm offered 70.02 acres 67.54 of which were tillable with a 68.6 CSR2 rating. The farm sold for $17,500 an acre. For the entire list of Linn County land auction results go to our Linn County land page by clicking on the graph below or call Linn County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS  IN LINN COUNTY HERE

jOHNSON COUNTY FARMLAND APPRAISER

(Appraising farmland near – Coralville, North Liberty, Swisher, Hills, Oxford, Tiffin, Iowa City, Shueyville, University Heights, Lone Tree, Solon)

There were 3 land auctions in Johnson County in 2023. The average price farm sold for $13,250 / acre or $207 per CSR2 point. The highest priced farm that sold at auction in Johnson County in 2023 was sold on April 11th. The farm offered 117 acres 112.23 of which were tillable with a 85.4CSR2 rating..The farm sold for $16,600 / acre or $203 per CSR2 point. For the entire list of Johnson County land auction results go to our Johnson County land page by clicking on the graph below or call Johnson County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS  IN JOHNSON COUNTY HERE

JONES COUNTY FARMLAND APPRAISER

(Appraising farmland near – Anamosa, Martelle, Olin, Cascade, Center Junction, Morley, Monticello, Wyoming, Oxford Junction, Onslow)

There was just 1 land auction in Jones County in 2023. The farm sold as a sealed bid auction The property consisted of 138.44 acres 118 acres of which were tillable acres. The farm offered a 53 CSR2 . For the entire list of Jones County land auction results go to our Jones County information land page by clicking on the graph below or call Jones County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS  IN JONES COUNTY HERE

CEDAR COUNTY FARMLAND APPRAISER

(Appraising farmland near –  Bennett, Lowden, Tipton, Clarence, Mechanicsville, West Branch, Durant, Stanwood)

There were 2 land auctions in Cedar County in 2023. The average price farm sold for $13,400 / acre or $150 per CSR2 point. The highest priced farm that sold on auction in Cedar County in 2023 was sold northwest of Tipton, Iowa. The farm was 115.71  acres and it offered a 89.3 CSR2.The farm sold for $13,500 / acre.. For the entire list of Cedar County land auction results go to our Cedar County land page by clicking on the graph below or call Cedar County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS  IN CEDAR COUNTY HERE

MUSCATINE COUNTY FARMLAND APPRAISER

(Appraising farmland near – Atalissa, Blue Grass, Durant, Conesville, Fruitland, Muscatine, Nichols, Stockton, Walcott(part), West Liberty, Wilton)

There were 9 land auctions in Muscatine County in 2023. The average price farm sold for $11,680 / acre or $151 per CSR2 point. The highest priced farm that sold on auction in Muscatine County in 2023 was sold south of Victor, Iowa just north of interstate 80. The farm was 80 acres and it offered a 91.3 CSR2. The farm sold for $20,500 / acre or $228 per CSR2 point. For the entire list of Muscatine County land auction results go to our Muscatine County land page by clicking on the graph below or call Muscatine County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS  IN MUSCATINE COUNTY HERE

JACKSON COUNTY FARMLAND APPRAISER

(Appraising farmland near – Andrew, LaMotte, Monmouth, St. Donatus, Baldwin, Maquoketa, Preston, Spragueville, Bellevue, Miles, Sabula, Springbrook)

There were no land auctions in Jackson County in 2023. However there were several farms that sold publicly through the traditional real estate listing method of sale, if you would like to learn more about those offerings contact Jackson County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS  IN JACKSON COUNTY HERE

CLINTON COUNTY FARMLAND APPRAISER

(Appraising farmland near – Andover, Clinton, Grand Mound, Toronto, Calamus, DeWitt, Lost Nation, Welton, Camanche, Delmar, Low Moor, Wheatland, Charlotte, Goose Lake)

There were 11 land auctions in Clinton County in 2023. The average price farm sold for $8,739 / acre or $210 per CSR2 point. The highest priced farm that sold on auction in Clinton County in 2023 was sold North of Welton, Iowa just west of Hwy 61. The farm was 80 acres and it offered a 78.2 CSR2. The farm sold for $16,900 / acre or $233 per CSR2 point. For the entire list of Clinton County land auction results go to our Clinton County land page by clicking on the graph below or call Clinton County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS  IN CLINTON COUNTY HERE

SCOTT COUNTY FARMLAND APPRAISER

(Appraising farmland near – Bettendort, Donahue, Long Grove, Panorama Park, Blue Grass, Durant, Maysville, Princeton, Buffalo, Eldridge, McCausland, Riverdale, Davenport, LeClaire, New Liberty, Walcott, Dixon)

There were 4 land auctions in Scott County in 2023. The average price farm sold for $21,743 / acre or $163 per CSR2 point. There were two small building sites that sold on July 26th that sold for over $20,000 / acre so the numbers are a little skewed. For the entire list of Scott County land auction results go to our Scott County land page by clicking on the graph below or call Scott County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS  IN SCOTT COUNTY HERE

FREE BROKER’S OPINION OF VALUE

Sometimes a certified appraisal isn’t always needed in order for all folks looking to determine their property value. If you are interested in knowing what your Iowa property is worth, we offer a free broker’s opinion of value. Contact us today to get the process started.