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Old 01-02-2013, 02:11 PM  
El Jefe El Jefe is offline
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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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Old 01-02-2013, 04:04 PM   #31
Chief Roundup Chief Roundup is offline
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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.
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Old 01-02-2013, 04:13 PM   #32
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Old 01-02-2013, 05:15 PM   #33
theelusiveeightrop theelusiveeightrop is online now
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Old 01-02-2013, 05:33 PM   #34
htismaqe htismaqe is offline
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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.
NE Iowa has some of the best soil on the planet, FWIW.
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Old 01-02-2013, 06:42 PM   #35
Dave Lane Dave Lane is offline
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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.
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Old 01-02-2013, 06:53 PM   #36
Buehler445 Buehler445 is offline
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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.

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Originally Posted by htismaqe View Post
Yep. The smaller the parcel, the more premium per acre.
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.

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NE Iowa has some of the best soil on the planet, FWIW.
It's not just the soil. It is the climate and rainfall pattern.
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Old 01-02-2013, 07:53 PM   #37
JASONSAUTO JASONSAUTO is offline
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Originally Posted by ChiefsCountry View Post
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
this.
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Old 01-02-2013, 08:03 PM   #38
RINGLEADER RINGLEADER is offline
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What about Sioux Center (where I got to spend the holidays with the wife's family)?
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Old 01-02-2013, 08:10 PM   #39
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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.
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Old 01-02-2013, 08:22 PM   #40
Bob Dole Bob Dole is offline
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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.
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Old 01-02-2013, 08:28 PM   #41
ChiefsCountry ChiefsCountry is offline
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Now I know why all you damn Iowa ****ers come down here and buy land.
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Old 01-02-2013, 08:29 PM   #42
hometeam hometeam is offline
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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.
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Old 01-02-2013, 08:32 PM   #43
El Jefe El Jefe is offline
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Originally Posted by Bob Dole View Post
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.
I would love to find something like this. I don't mind driving a bit, but an hour one way is too much IMO.
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Old 01-02-2013, 08:41 PM   #44
Bob Dole Bob Dole is offline
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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.
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Old 01-02-2013, 08:43 PM   #45
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If you want farm land you can still homestead in a few states if you build a house..
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