Northeast Iowa Land Values | Farmland Auction Results

 

 

Northeast Iowa Land Prices | Values

 

According to the Iowa State University 2020 Farmland Survey, Northeast Iowa land prices increased from $7,432 an acre in 2019 to $7,559 an acre in 2020. This was a $127 per acre or 1.7% increase. The average price of high quality farmland within this region (83 CSR2) is $9,182 an acre, the average price for medium quality farmland (69 CSR2) is $6,980 an acre, and the average price for low quality farmland (51 CSR2) is $5,213 an acre. 

 

According to the fall 2020 Realtor Land Institute report, the average Northeast Iowa land prices of farmland is $9,296 per acre for high quality, $7,215 per acre for medium quality, and $4,867 per acre for low quality farmland. The average price for non tillable pasture is $2,928 per acre and $2,978 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 65 farms offered to the public via public auction in 2020 which is double the amount of sales offered in 2019. A total of 6,518 of tillable acres were offered for sale in Northeast Iowa in 2020. The average price of farmland that sold on auction was $8,872 per acre which was up 8.97% from 2019 and the average price per tillable CSR2 point is $117 which is up $14 points from 2019. 

 

 

Northeast Iowa Land Real Estate Company

 

Iowa Land Company Real Estate LLC specializes in the sale of land in Northeast Iowa. Our land brokers, appraisers, farm managers, and support staff track sales across northeast 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. 

 

To give you an idea of what Northeast 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 Nick Skinner or Cody Skinner, our trusted Iowa Land Company Northeast Iowa land brokers.

 

 

 

 

Howard County, Iowa Land Prices | Values

There were no land auctions in Howard County in 2020. According to Iowa State University Survey the most recent average price of farmland near Cresco, Iowa is $6,965 an acre which up from last year in 2019 when it was $6,596 per acre. The average CSR2 in Howard county is 76.9. There were three farms listed for sale in 2020 all which were located in the central part of the county. The sale price at this point is undetermined at this time.

 

 

 

Winneshiek County, Iowa Land Prices | Values

 

There were 4 land auctions in Winneshiek County in 2020 totalling 924.5 acres. The average price of farmland that was sold on auction with a CSR2 greater than 50 and 80% or greater tillable was $6,942 per acre in 2020. A total of 552 acres were sold, 508 which were tillable with a CSR2 of 59.4. The average price per CSR2 point of these sales was $126. 

 

According to Iowa State University Survey, the most recent average price of farmland near Decorah, Iowa is $7,065 an acre which is up from last year in 2019 when it was $6,664 per acre. The average CSR2 in Winneshiek County is 59.2.

 

 

 

Allamakee County, Iowa Land Prices | Values

 

There were 3 land auctions in 2020 in Allamakee County. The sale in October was only 37% tillable, but it still sold for nearly $5,800 an acre. The remaining two farms were offered for sale in late December. The high quality 78 acre farm sold for $9,744 an acre coming in at nearly $130.00 a CSR2 point which is what we would consider the high end of the market, today.

 

According to Iowa State University Survey, the most recent average price of farmland near Waukon, Iowa is $7,378 an acre which up from last year in 2019 when it was $7,282 per acre. The average CSR2 in Allamakee County is 77.2.

 

 

 

Chickasaw County, Iowa Land Prices | Values

There were 5 land auctions in Chickasaw County in 2020 totalling 924.5 acres. The average price of farmland that was sold on auction with a CSR2 greater than 60 and 80% or greater tillable was $7,283 per acre in 2020. A total of 538 acres were sold 478.39 which were tillable with a CSR2 of 81.5. The average price per CSR2 point of these sales was $100.7. 

 

According to Iowa State University Survey, the most recent average price of farmland near New Hampton, Iowa is $7,602 an acre which up from last year in 2019 when it was $7,282 per acre. The average CSR2 in Chickasaw county is 77.2.

 

 

 

Fayette County, Iowa Land Prices | Values

There were 15 land auctions in Fayette County in 2020 totalling 924.5 acres. The average price of farmland that was sold on auction with a CSR2 greater than 60 and 80% or greater tillable was $7,374 per acre in 2020. A total of 1,644.93 acres were sold, 1,528.6 which were tillable with a CSR2 of 74.8. The average price per CSR2 point of these sales was $106.5. 

 

According to Iowa State University Survey, the most recent average price of farmland near West Union, Iowa is $8,088 an acre which up from last year in 2019 when it was $7,781 per acre. The average CSR2 in Fayette County is 68.2.

 

 

 

Clayton County, Iowa Land Prices | Values

There were 2 land auctions in Clayton County in 2020. The farm sale in September sold for $160.00 a tillable CSR2 point. One thing to keep in mind is there were 125.24 timber acres that are considered to have zero value when calculating dollar per CSR2 point.

 

 According to Iowa State University Survey, the most recent average price of farmland near Elkader, Iowa is $6,532 an acre which is slightly down from last year in 2019 when it was $6,584 per acre. The average CSR2 in Clayton County is 43.9.

 

 

 

Bremer County, Iowa Land Prices | Values

There were 7 land auctions in Bremer County in 2020 totaling 692.4 acres. Two of the seven auctions were unsuccessful as they did not meet the sellers expectations. Three of the remaining auction prices are not posted at this time. The January 10th sales were located north of Waverly, Iowa. The average CSR2 in Bremer County is 75.5.

 

According to Iowa State University Survey the most recent average price of farmland in Bremer County, Iowa is $8,559 an acre which up from last year in 2019 when it was $8,376 per acre.

 

 

 

Black Hawk County, Iowa Land Prices | Values

There were 6 land auctions in Black Hawk County in 2020 totalling 924.5 acres. The average price of farmland that was sold on auction with a CSR2 greater than 60 and 80% or greater tillable was $10,179 per acre in 2020. A total of 425.23 acres were sold, 421.9 which were tillable with a CSR2 of 86.6. The average price per CSR2 point of these sales was $117.7. 

 

According to Iowa State University Survey the most recent average price of farmland near Waterloo, Iowa is $9,179 an acre which up from last year in 2019 when it was $9,014 per acre. The average CSR2 in Black Hawk county is 73.9.

 

 

 

Buchanan County, Iowa Land Prices | Values

 There were 11 land auctions in Buchanan County in 2020 totalling 1,156.22 acres. The average price of farmland that was sold on auction with a CSR2 greater than 60 and 80% or greater tillable was $8,506 per acre in 2020. A total of 1,006.22 acres were sold, 965.1 which were tillable with a CSR2 of 81.4. The average price per CSR2 point of these sales was $109.4. 

 

According to Iowa State University Survey, the most recent average price of farmland near Independence, Iowa is $8,366 an acre which up from last year in 2019 when it was $8,185 per acre. The average CSR2 in Buchanan County is 75.8.

 

 

 

Delaware County, Iowa Land Prices | Values

There were 3 land auctions in Delaware County in 2020 totalling 247.4 acres. The average price of farmland that was sold on auction with a CSR2 greater than 50 and 80% or greater tillable was $13,167 per acre in 2020. A total of 236.9 were tillable with a CSR2 of 74.3. The average price per CSR2 point of these sales was $184.3. 

 

According to Iowa State University Survey, the most recent average price of farmland near Manchester, Iowa is $8,622 an acre which up from last year in 2019 when it was $8,467 per acre. The average CSR2 in Delaware County is 65.1.

 

 

 

Dubuque County, Iowa Land Prices | Values

There were no land auctions in Dubuque County in 2020. According to Iowa State University Survey, the most recent average price of farmland near Dubuque, Iowa is $7,678 an acre which up from last year in 2019 when it was $7,607 per acre. The average CSR2 in Dubuque county is 49.2.

    

FREE Farmland Evaluation

     Do you want to know what your Iowa property is worth? 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 Nick @ (515) 650-0974 or Cody @ (515) 443-6343    email us directly at Nick@iowalandcompany.com or cody@iowalandcompany.com to ask any questions about my free farm appraisal. 

 

 

 

 

Publish Date: 1/22/2020

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Nick Skinner
Land Agent
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Cody Skinner
Land Broker | Appraiser
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 Northeast Iowa Farmland Auction Marketing

Land SOLD in Clayton County, Iowa

Land SOLD in Fayette County, Iowa

Land SOLD in Chickasaw County, Iowa

Land SOLD in Chickasaw County, Iowa

Land SOLD in Delaware County, Iowa

Land SOLD in Buchanan County, Iowa

What Is Your Iowa Farm Worth?

Are you considering selling your farm and want assistance on gauging what your Iowa land is worth? You’re now in the right hands. We at Iowa Land Company are here to help you determine what we believe is the value of your farm because we use much than a CSR2 point to determine the value of your farm. Iowa Land Company doesn’t rely on a computer program to determine your land value because we know that if you’re considering selling your farm, it’s one of the largest financial decisions of your lifetime and like any harvest, a lot of work comes first so we want to give you our one-on-one traditional farmland evaluations.

IOWA LAND COMPANY DIGS INTO THEIR OWN RESOURCES TO VALUE IOWA LAND

 

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Farm Location

Location can be the biggest variables when calculating land value so it’s important to not over look this step.
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CSR2 Value

Yes we certainly do consider your Corn Suitability Rating (CSR2) value when giving our traditional farm appraisal because it is very important.
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Improvements

We want to hear your story. How has the farm been taken care of? Who has farmed the farm? Etc…
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Current Market

We look at what is currently on the market, how long similar farms have been on the market, for what price and how that farm compares to yours.
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Recent Sales

We have access to our in house sales report that we file per county. We keep a close eye on recent farms located near your farm.
Northeast Iowa Land Values
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