What is the value of an acre in your area?
 

I am talking about rural land? I/my wife and I are looking to purchase some land and build a house. We would like to get 10 acres or so, but man the property value hasn't dwindled much in our area. It's a rural farm town area, but land is going for about 12-15k an acre. Whats your neck of the woods look like? I know north of our area you can get land for about 3k an acre, but its out in the boondocks. I don't want to drive an hour and a half one way to work.

Non tillable ground, eh...ballpark 2500/acre.

Tillable, if it yields decent could be up around 5000 or better, but no point in buying that to build a house. This is boondock area though, the closer you get to mulitple stop lights, the higher it gets.

Non-tillable here COULD go for around $3K, unless it's old-growth timber. Old-growth timber in this area is being purchased by hunters from out of state and it going for a lot more.

Tillable ground near the river might bring $15K or more.

Ya don't you hate that.
The days of bringing Farmers Treats, like a couple cases of beer, A Cabela's Gift Card and some Deer Sausage, for appreciation of letting you hunt their timber is OVER!

The Fib-Tabs have taken over in Iowa.

****ing Illinois Bastards-Towing another Boat

I was in a wedding this weekend and some boys from Iowa were part of the bridal party. They were telling me tillable land up there was going for pretty outrageous prices.

We live on the north side of the Des Moines river basin, in the Skunk River basin.

Some of the tillable here is going for well over $20K if it EVER changes hands.

EDIT: The only land worth more is farmland that happens to be in the metro growth areas north and west of Des Moines.

Within an hour of town, you can find it around 3-4K per acre for non ag. land. Land in my neck of the woods is now 15-17K per acre.

About $300K

Never understood why land in the middle of no where is so valuable. My dad bought a farm in the Loess Hills area ten years ago and it has at least doubled it's value since then. Only thing that was done to it was a stream and little pond put in with the help of public funding.

Any time you purchase a 40 you pay a premium. When you're looking acreage size, you're going to pay out the nose and that rate is not going to reflect the price of an acre of ag land.

$21,900 per acre in rural NW Iowa.

http://siouxcityjournal.com/news/loc...491578da0.html

Yep. The smaller the parcel, the more premium per acre.

Ballpark figure on what the farmland is going for per acre?

The Iowa State University Extension Land Value Survey last year estimated the average farmland value in 2011 was $6,708 per acre, up 32.5 percent from 2010.

The only land sale I have been completely privy to lately was mostly hardwood timber and ditches, plus an abandoned coal mine. Crap ground really, unless you're a hunter. 7 acres went for $100K.

I paid 60k for my .8 of an acre and felt like I got a good deal on it. I live in the Des Moines Metro...

I know a guy around Dallas Center who has quite a bit of ground. Last time we talked to him, it was outrageous then. I can only imagine what a couple of high dollar corn years will do to that.

I paid 18k for an empty lot, .5 acre that is attached to my home property...Tax value is 22k

Looking like 80K here 45 miles north of Baltimore and 45 miles south of Philly.

There are extenuating circumstances regarding most of those farm sales that go for big money. I know of one 40 that went for $29k per acre in NE Iowa.

Most times, when you're seeing those numbers larger than 10k/acre, which is still ridiculously high, it's because 2 neighbors are fighting over it, it connects to their farms, finishes a section/half section. Sometimes they just want it to square up the farm and get what's close, other times they're buying it so the other guy they don't like can't have it.

Either way, it will never pencil if they're not using a lot of already paid for acres to fund it.

My brother and I just purchased 40 acres 500 yards north of perry lake that backs up to the Delaware river. We paid 1300 an acres. Value is 2500-3000. It has 10 acres farm 10 acres CRP and 20 woodland. He got a 10 point buck and my nephew an 8 point this fall.

Pure investment for me plus camping.

Ang

few years ago i bought 30acres of mostly timber for about $70k.
sec

Now is not the time to buy farmland for the purpose of building a house on it. Land will most likely come down some, even if it takes a few years.

Man, I'd love to have 30 or 40 acres with a cabin on it. I can't justify it as a recreational thing, though.

I have no idea what land goes for around here. I've seen ads occasionally for "mountain land" near Pueblo for something like $50,000 for 35 acres, but I suspect that's because you can't get water or power to it. Around here, I think water rights are sometimes worth more than the land they're attached to.

If it's buildable land in the mountains outside of Denver, that has road, power and water you're paying a lot more than that for a building site. They were going for more than $50k for iffy sites 20 years ago.

Current land values around the Lake of the Ozarks:

Wooded acreage non tillable value - $1000 to $1500 per acre
Farm land tillable - $4000 per acre
Lake front - $500 to $1000 per foot

Yeah, Pueblo's a good distance away and a lot cheaper. I know the general area and it's nice other than the fact that it's a 20-mile drive to the grocery store, but I figure there has to be some fatal flaw for it to be that cheap. In Colorado, that's usually water.

I saw a nice looking little A-Frame cabin outside of Idaho Springs a couple of months ago that was very tempting. It was outside of town in a very wooded area, and it was around $115,000 for 600 or 700 square feet. The lot wasn't big, but was big enough to give you a little seclusion with the woods (maybe 1/4 or 1/2 acre - don't recall). It was quite tempting, but for that price I can take a lot of vacations and not have to keep two houses maintained.

We have a farm west of waterloo and land has been selling near there over $12,000/acre all day long. I know one farmer personally who overpaid at 15k plus change. Another farm went at auction near waterloo for over 21k/acre. Rent for ag ground is easily fetching $350/acre and I've heard rents in the $500/acre range. We bought our first farm in 99 and rent was around $130/acre. Needless to say it has exploded.

You can partially thank the National Parks' for determining development areas.

Other than the obvious, the other item I know that affects building lots in the mountain areas of Colorado is which slope you're facing. South facing slopes go for A LOT more than North facing slopes for obvious reasons too.

This

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around $2000 an acre as long as it doesn't have water on it. If there is a creek, river, lake it goes up very fast.

I want enough land where I can shoot / set up a dirt backstop and run a fun little courses with steel plate.

tired of shooting paper. I want to do IDPA or something similar this year after I get my CCW

With or without hemp?

NE Iowa has some of the best soil on the planet, FWIW.

I guess $45K for 10 acres, a nice redone 3 bedroom house, barn, 2 wells, silo, all fenced with 5 strand barb wire isn't a bad deal.

For the OP, if it is tillable, 1500-2000 dryland. I have no idea what irrigated will go for. If not tillable, proximity to town, roads, water availability will determine the price.

This. Times 1 billion. Homesteads are a pain in the mother****ing ass. Not only does it FUBAR your square field, but you also have to deal with the neighbors that probably don't know a goddamn thing about Ag. So they'll freak the **** out and threaten to sue if you ding their tomatoes with a little sniff of 2-4D. Get all pissed off if you harvest and blow dust in their yard. And my god, if you stockpile manure within 200 miles of their house, watch the **** out.

It's not just the soil. It is the climate and rainfall pattern.

this.
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What about Sioux Center (where I got to spend the holidays with the wife's family)?

I've got to think the Dutchmen up there aren't willing to sell knowing prices will go up. Well, that, and the ground usually stays in the family.

East of there, around Spencer I know of 40 acres that just sold for $16k/acre.

Bob Dole shopped for about 4 years. Most everything was $2500-$3500/acre, with all the pine already cut and sold and no mineral rights. Ended up finding 16 acres of sandy loam, with decent hardwood and the pine culled probably 8 years ago for $1800 an acre. 8 miles from Linden,Tx, 3/4 mile from the volunteer FD, and 35 minutes from the j.o.b.. Probably spent 140 hours or so on the property since 11/1, and have seen one vehicle drive past--a sheriff.

Peaceful little slice of ahhhh.

Now I know why all you damn Iowa ****ers come down here and buy land. :)

Last I looked into it, (5 years or so) crappy locations where bringing 5-10k, and on highway locations where bringing in closer to 15k per. I didnt look into areas that I knew where premium, so I cant say what they where bringing, but something outrageous im sure. This is in central MO area.

I would love to find something like this. I don't mind driving a bit, but an hour one way is too much IMO.

Bob Dole lives in the middle of town now, and the drive runs between 18-25 minutes one way. Traffic, lights, and annoying idiots. 10-15 extra minutes every morning and evening to have some peace and quiet is a bargain.

If you want farm land you can still homestead in a few states if you build a house..

For most of Missouri, tillable ground will run 3 grand to 7 grand. Timber tracts that are hunt able with pasture will run 3 grand and up depending on the location, water, buildings. Thats in commercial acreage. 10 acres to build on within 30 miles of downtown KC will easily be 8-15 grand/acre

Until that last part I was convinced that it was a great place to hide a body.

It was the loamy soil that tipped you off wasn't it Mr. Bond?

My parents sold farm ground for 9500 last year. It was fair for the land.
I would rather be selling now than buying.

The tax implications of the high farm ground was the killer for us. When the farm next to our family farm went for 11,000/acre. It was some of the highest priced ag land in Iowa at the time-around 3 years ago. We started to look into the best way to pass the land to myself and siblings when the time came.

The newly passed bill allows us to take possession with little tax implications. We are not interested in selling this piece-it has been in our family since 1879.

Send me some PEE-CANS ****er...

There's 40 acres about 3 miles east of me that's going for $240K, so that's $6K per acre. But when you look at land, there's a lot of things to consider. We bought our land 10 years ago and I learned some things real quick.
1) Does the land currently have utilities? Those costs can be pretty hefty. You have to at least figure in water, electricity, and sewage disposal (aka a septic tank, etc). Before you say "I'll just use my cell for calls", check the number of bars where you think you want to build and subtract at least one bar for the house insulation and such.
2) Is it on a dirt road? More than likely it is, so you better have a 4-wheel drive vehicle.
3) Forget cable and most high speed internet. If you're in the boonies you're going to have dishes in your yard. Yep, 2, one for your TV and one for your internet. If you're a heavy user of the net, you're not going to like the cost.
4) Do you really want 10 acres? Trust me, that's a lot of work and you'll need a tractor, mowing deck, and an outbuilding to house them in. You'll also need some kind of mower to get up close to the house. I have a little over 5 acres and it takes about 4 hours to mow and trim.
5) Don't think you can just buy a larger parcel and subdivide it. Many counties, including the one I live in, have restrictions on what can be done when you subdivide. Our county says each parcel must have 330' of frontage, so if the land is only 2 acres wide, that limits it to 2 20 acre parcels. Also, some of that land may be in a floodplain. Unless you want some pretty hefty flood insurance (and your bank will require that), make sure you know where that's at. It may also limit what you can do with the land.

Whatever it is, it will go up with Andy Reid as the head coach of the Kansas City Chiefs.

All this is sage advice.

Make goddamn sure you do your due diligence. And bear in mind that you're responsible for everything. Snow removal. Repairs. Varmint removal. Mowing. It's all on you buddy.

Great advice. I know this all too well. We were trying to build on the back section of my folks property. We met with the town zoning board, gave them our proposal (paid $600), they accepted it and passed it to the county who charged me $600 and then denied it. So for $1200 we got no where.

The wildlife already took care of what little set on the 5 trees this year. Most of the pecans around here are still not producing much because of the drought.