Northeast Indiana Land for Sale - 864 Properties (2024)

FAQs

How much is an acre of land in Indiana right now? ›

Statewide, the average price of top quality farmland is $13,739 per acre, up 7.3% from June 2022 (Table 1). Average and poor quality farmland also hit new highs at $11,210 and $8,689 per acre, with an annual increase of 5.8% and 0.7%, respectively.

One acre is 43,560 square feet, or a little less than an American football field.

Average Kentucky farm real estate values were $4,000/acre as reported in the annual Land Values Summary released by USDA on August 6. This was 2.0% higher than 2020 and the first-time average values have reached $4,000.

Federal land is managed for many purposes, such as the conservation and development of natural resources, grazing and recreation. The federal government owns 1.47 percent of Indiana's total land, 340,696 acres out of 23,158,400 total acres.

The runup in farmland prices in 2022 led many to wonder, “is now the time to sell?” Some are still wondering that today.

Sale price averaged $1,632 per acre and ranged from $819 to $2,637 (Figure 2). The bare land average value of $712 per A and was estimated by subtracting the allocated timber value from the allocated timber value.

The ten states with the cheapest land are Arizona, New Mexico, Mississippi, Colorado, Arkansas, New York, Missouri, Oregon, Alabama, and Michigan. Arizona is the cheapest state to buy land with a median price of $4,164 per acre.

It's theoretically possible for a single individual to grow enough food on an acre to live on it. It's theoretically possible to grow enough for TWO people.

Indiana. Tom Farms, owned by Kip Tom, is the largest private landowner in Indiana.

What state is 80% owned by the government? ›

The state with the highest percentage of federal land is Nevada, of which 80.1%, or 56,262,610 acres of its total landmass is federally managed.

Arizona is the cheapest state to buy land with a median price of $4,164 per acre. New Mexico is the second cheapest state to buy land with a median price of $6,000 per acre. Mississippi has the third cheapest land in the US with a median price of $10,835 per acre.

The average value of cropland in the United States increased 8.1 percent from 2022 to $5,460 per acre. Indiana's pasture value was $2,850 per acre, up 5.6 percent from 2022. Indiana's cropland cash rent was $226. per acre in 2023, up $14.00 from the previous year.

The average farmland value estimate in Hamilton County, IN is $9,772/ac.

In fact, more than 80 percent of Indiana's land is devoted to farms and forests. At the heart of Indiana agriculture is a desire to sustain Indiana's resources while fueling economic growth throughout our state. Every 10 jobs directly related to agriculture supports an additional eight jobs in the state.