What is the average price per acre of land in Iowa?
$7,559
This year’s Iowa Land Value Survey found that the average statewide value of an acre of farmland is $7,559, an increase of 1.7%, or $127, since 2019. The $7,559 per acre estimate, and 1.7% increase in value, represents a statewide average of low, medium and high-quality farmland.
How much is land worth in Iowa?
The 2020 state average for all quality of land was estimated to be $7,559 per acre as of November 1, 2020. This is an increase of $127 per acre from Nov. 2019, and a 1.7% increase.
How much does an acre of timber cost in Iowa?
As of September of 2017, the value of timber ranges from $1,780 per acre in North-Central Iowa to $2,694 per acre in South-Central Iowa with a state-wide average timber value of $2,342 per acre, which is up $56 per acre from the last survey done as of March of 2017.
Is land expensive in Iowa?
In Iowa, as in much of the country, land is equally unaffordable. With the average price topping $7,000 an acre, a 300-acre farm in the state is worth a hefty $2.1 million. (The average size of an Iowa farm is 330 acres.)
Where is land the cheapest per acre?
The Cheapest Per Acre In Gerlach, Nevada you can get land as cheap as $157 per acre. With that kind of a price tag, you know there has to be a catch… The first catch – to get that kind of rate you would have to consider buying in bulk.
How much is an acre?
One acre equals 1⁄640 (0.0015625) square mile, 4,840 square yards, 43,560 square feet, or about 4,047 square metres (0.4047 hectares) (see below).
Is Iowa a good place to live?
According to The 10 Most Affordable States by US News, Iowa takes the #1 spot overall (coming in at #1 for housing and #13 for its cost of living). Education: Along with being one of the Top 20 states in public K–12 education, the state also has the best graduation rate at 91.3%.
How much is pasture land in Iowa?
The average price for non tillable pasture is $2,910 per acre and $2,741 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.
How much does it cost to build a house in Iowa?
Better Homes & Gardens has an “Estimated Cost to Build This Home” feature for their plans. They estimate a $260,628 total cost, based on Average Cost in the Midwest for a “Contractor-built” home.
What state has lowest land prices?
Tennessee, Arkansas, and West Virginia consistently rank as the cheapest places to buy residential land.
What is a good price per acre?
The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,160 per acre for 2019, up $60 per acre (1.9 percent) from 2018. The United States cropland value averaged $4,100 per acre, an increase of $50 per acre (1.2 percent) from the previous year.