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01-02-2013, 02:11 PM | Topic Starter |
Don't tread on me.
Join Date: Nov 2006
Location: Where the peaches grow
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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.
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01-02-2013, 02:14 PM | #2 | |
Starter
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Quote:
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. |
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01-02-2013, 02:20 PM | #3 |
'Tis my eye!
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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. |
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01-02-2013, 02:28 PM | #4 | |
MVP
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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 |
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01-02-2013, 02:28 PM | #5 |
Dirty Bit
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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.
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01-02-2013, 02:30 PM | #6 | |
'Tis my eye!
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Quote:
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. |
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01-02-2013, 02:35 PM | #7 | |
Dirty Bit
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Quote:
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01-02-2013, 02:38 PM | #8 |
'Tis my eye!
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01-02-2013, 02:39 PM | #9 | |
Starter
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Quote:
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01-02-2013, 02:31 PM | #10 |
MVP
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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.
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01-02-2013, 02:31 PM | #11 |
"Think BOOM!"
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About $300K
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01-02-2013, 02:31 PM | #12 |
George Brett shit his pants
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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.
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01-02-2013, 02:32 PM | #13 |
Supporter
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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.
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01-02-2013, 02:35 PM | #14 |
'Tis my eye!
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01-02-2013, 03:06 PM | #15 |
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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 |
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