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 NORTHEAST 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   

HOWARD COUNTY FARMLAND APPRAISER

(Appraising farmland near – Chester, Cresco, Elma, Lime Springs, Protivin, Riceville)

There were 7 land auctions in Howard County in 2023. The average price farm sold for $13,650 / acre or $177 per CSR2 point. The highest priced farm in Howard County that sold on auction in 2023 was sold in Section 28 of Afton Township. The farm was 80 acres and it offered a 86.3 CSR2.The farm sold for $15,750/ acre or $188 per CSR2 point. For the entire list of Howard County land auction results go to our Howard County land page by clicking on the graph below or call Howard County, Farmland Appraiser and Land Broker Cody Skinner or Nick Skinner

VIEW MORE LAND AUCTION RESULTS  IN HOWARD COUNTY HERE

WINNESHIEK COUNTY FARMLAND APPRAISER

(Appraising farmland near – Calmar, Decorah, Jackson Junction, Ridgeway, Castalia, Fort Atkinson, Ossian, Spillville)

There were 11 land auctions in Winneshiek County in 2023. The average price farm sold for $10,534 / acre or $190 per CSR2 point. The highest priced farm that sold at auction in Winneshiek County in 2023 was sold on December 19th. The farm offered 183 acres 179.78 of which were tillable with a 74.8 CSR2 rating. The property sold for $14,700 an acre. For the entire list of Winneshiek County land auction results go to our Winneshiek County land page by clicking on the graph below or call Winneshiek County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS IN WINNESHIEK COUNTY HERE

ALLAMAKEE COUNTY FARMLAND APPRAISER

(Appraising farmland near – Harpers Ferry, New Albin, Waterville, Lansing, Postville, Waukon)

There were 6 land auctions in Allamakee County in 2023. The average price farm sold for $8,750 / acre or $155 per CSR2 point. The highest priced farm that sold at auction in Allamakee County in 2023 was sold on November 16. The farm offered 106.88 acres 81.2 of which were tillable with a 81.2 CSR2 rating.The farm sold for $11,100 / acre or $152 per CSR2 point. For the entire list of Allamakee County land auction results go to our Allamakee County land page by clicking on the graph below or call Allamakee County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS IN ALLAMAKEE COUNTY HERE

CHICKASAW COUNTY FARMLAND APPRAISER

(Appraising farmland near – Alta Vista, Ionia, New Hampton, Bassett, Lawler, North Washington, Fredericksburg, Nashua, Protivin)

There were 19 land auctions in Chickasaw County in 2023. The average price farm sold for $13,261 / acre or $168 per CSR2 point. The highest priced farm that sold at auction in Chickasaw County in 2023 was sold on March 14. The farm offered 71.25 acres 69.98 of which were tillable with a 89 CSR2 rating.The farm sold for $20,000 / acre or $229 per CSR2 point. For the entire list of Chickasaw County land auction results go to our Chickasaw County land page by clicking on the graph below or call Chickasaw County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS IN CHICKASAW COUNTY HERE

FAYETTE COUNTY FARMLAND APPRAISER

(Appraising farmland near – Arlington, Fairbank, Randalia, Waucoma, Clermont, Hawkeye, St. Lucas, West Union, Elgin, Maynard, Stanley, Westgate, Fayette, Oelwein, Wadena)

There were 12 land auctions in Fayette County in 2023. The average price farm sold for $14,014 / acre or $172 per CSR2 point. The highest priced farm that sold at auction in Fayette County in 2023 was sold on November 15. The farm offered 37.4 acres and consisted of 100% tillable acres. The farm had a 78.2 CSR2 rating.The farm sold for $16,043 / acre or $205 per CSR2 point. For the entire list of Fayette County land auction results go to our Fayette County land page by clicking on the graph below or call Fayette County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS IN FAYETTE COUNTY HERE

CLAYTON COUNTY FARMLAND APPRAISER

(Appraising farmland near –  Clayton, Gaavillo, Millville, Postville, Edgewood, Guttenberg, Monona, St. Olaf, Elkader, Luana, North Buena Vista, Strawberry Point, Farmersburg, Marquette, Osterdock, Volga, Garber, McGregor)

There were 6 land auctions in Clayton County in 2023. The average price farm sold for $12,925 / acre or $210 per CSR2 point. The highest priced farm that sold at auction in Clayton County in 2023 was sold on November 15. The farm was 59.30  acres and it offered a 88.7 CSR2.The farm sold for $16,100 / acre.. For the entire list of Clayton County land auction results go to our Clayton County land page by clicking on the graph below or call Clayton County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS IN CLAYTON COUNTY HERE

BREMER COUNTY FARMLAND APPRAISER

(Appraising farmland near – Denver, Janesville, Readlyn, Tripoli, Frederika, Plainfield, Sumner, Waverly)

There were 2 land auctions in Bremer County in 2023. The average price farm sold for $15,050 / acre or $177 per CSR2 point. The highest priced farm that sold on auction in Bremer County in 2023 was on June 27. The farm was 75.5 acres and it offered a 86.1 CSR2. The farm sold for $16,100 / acre or $188 per CSR2 point. For the entire list of Bremer County land auction results go to our Bremer County land page by clicking on the graph below or call Bremer County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS IN BREMER COUNTY HERE

BLACK HAWK COUNTY FARMLAND APPRAISER

(Appraising farmland near – Cedar Falls, Gilbertville, Laporte City, Dunkerton, Hudson, Raymond, Elk Run Heights, Janesville, Waterloo, Evansdale, Jesup)

There were 11 land auctions in Black Hawk County in 2023. The average price farm sold for $13,911 / acre or $181 per CSR2 point. The highest priced farm that sold on auction in Black Hawk County in 2023 was on July 13. The farm was 100% tillable and offered 76.7 acres. The property offered a 92.4 CSR2. The farm sold for $19,400 / acre or $210 per CSR2 point. For the entire list of Black Hawk County land auction results go to our Black Hawk County land page by clicking on the graph below or call Black Hawk County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS IN BLACK HAWK COUNTY HERE

BUCAHANAN COUNTY FARMLAND APPRAISER

(Appraising farmland near – Aurora, Independence, Rowley, Brandon, Jesup, Stanley, Fairbank, Lamont, Winthrop, Hazelton, Quasqueton)

There were 16 land auctions in Buchanan County in 2023. The average price farm sold for $12,859 / acre or $174 per CSR2 point. The highest priced farm that sold at auction in Buchanan County in 2023 was on March 3. The farm was 154.27 acres and it offered 89 CSR2. The farm sold for $17,900 / acre or $198 per CSR2 point. For the entire list of Buchanan County land auction results go to our Buchanan County land page by clicking on the graph below or call Buchanan County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS IN BUCHANAN COUNTY HERE

DELAWARE COUNTY FARMLAND APPRAISER

(Appraising farmland near – Colesburg, Dundee, Greeley, Masonville, Delaware, Dyersville, Hopkinton, Ryan, Delhi, Earlville, Manchester)

There were 7 land auctions in Delaware County in 2023. The average price farm sold for $11,000 / acre or $276 per CSR2 point. The highest priced farm that sold at auction in Delaware County in 2023 was on November 15. The farm was 133.42  acres and it offered 77.5 CSR2. The farm sold for $16,100 / acre or $218 per CSR2 point. For the entire list of Delaware County land auction results go to our Delaware County land page by clicking on the graph below or call Delaware County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS IN DELAWARE COUNTY HERE

DUBUQUE COUNTY FARMLAND APPRAISER 

(Appraising farmland near –  Zwingle, Beard, Cascade, Worthington, Dyersville, Farley, Epworth, Peosta, Centralia, Dubuque, Graf, Bankston, New Vienna, Holy Cross, Rickardsville, Balltown, Sherrill, Durango, Sageville, Asbury)

There were 11 land auctions in Dubuque County in 2023. The average price farm sold for $16,571 / acre or $326 per CSR2 point. The highest priced farm that sold at auction in Dubuque County in 2023 was on November 8. The farm was 92.05  acres and it offered 64.8 CSR2. The farm sold for $20,200 / acre or $324 per CSR2 point. For the entire list of Dubuque County land auction results go to our Dubuque County land page by clicking on the graph below or call Dubuque  County, Farmland Appraiser and Land Brokers Cody Skinner or Nick Skinner.

VIEW MORE LAND AUCTION RESULTS IN DUBUQUE 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.