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Fayette County, Indiana
2024 Land Sales Report

Land values in Fayette County climbed again in 2024, but 2025 is beginning to reflect a more measured, steady market trend.

If you’d like to get specific land values on your own property or a farm near you for 2025, please contact Nick George at (317) 840-1764, Chris Turnbell at (812) 318-4163, or Rob Haubry at (812) 525-8998.

Request a Land Values Report

Average Price of Land*

$9,812/acre
Jan. – Dec. 2024*

As high as $11,548/acre

in 2024*

Land Market Commentary & Local Trends

Overall, the average price of farmland was $9,812/acre and the price per productivity index point was $128.07 in 2024 based on the sales data. It is important to note that in 2024 there have been farmland sales as high as $11,548 per acre. 

 

Since 1977, the Geswein Farm & Land Team has been advising landowners to be stewards of the land and make decisions based on most current, accurate, and relevant data. The information in this report can provide you with a rough estimate of your property’s value; however, understanding the specific characteristics of your property and how they compare to the other sales will provide the most accurate value of your property. Additionally, properties sold by land brokers via auctions or listings consistently outperformed individual to individual transactions and properties sold by traditional home realtors.

By The Numbers

According to Land.com, about 1,000 acres went up for sale in Fayette County, making it one of the more active areas in eastern Indiana’s land market. While it ranks 68th in the state for total land listings, Connersville—by far—had the most properties available. Fayette County may be one of the smaller counties in Indiana at just 215 square miles, but it still plays an important role in the region’s agricultural and rural real estate landscape.

 

The most recent USDA farmland census reveals that Fayette County has nearly 1,000 acres of farms, hunting land, and rural properties that were listed for sale, totaling close to $18 million in aggregate listings. While Fayette ranks toward the lower end (68th out of 92) for land currently on the market, there were still substantial opportunities–especially around Connersville, which had the most listings. Fayette County spans about 215 square miles, making it one of Indiana’s smaller counties, and it’s located in the east-central part of the state.

 

 

Overview of Fayette County Agriculture

 

Location and Geography: Fayette County is located in east-central Indiana, bordered by Wayne, Union, Franklin, Rush, and Henry counties. The county features gently rolling terrain with a mix of farmland, wooded areas, and the Whitewater River flowing through the region, providing a scenic and fertile landscape ideal for agriculture.

 

Major Crops: 

 

  1. Corn: dominant crop in Fayette County, with large acreages planted each year for both grain and silage production.
  2. Soybeans: widely cultivated throughout the county, often rotated with corn to maintain soil health and improve yields.
  3. Wheat: also grown in the area, typically as a winter crop, helping farmers diversify their operations and make efficient use of available land.

 

Fayette County, Indiana, is deeply rooted in agriculture, with over 80% of its land dedicated to farming. The fertile soils and favorable climate make it an ideal location for cultivating crops like corn and soybeans. which dominate the local agricultural landscape. These crops are primarily grown for grain, contributing significantly to both local and regional economies. In addition to row crops, some farmers in the area engage in livestock production, adding diversity to the county’s agricultural profile. The county’s commitment to sustainable farming practices is evident, with many producers adopting conservation methods to maintain soil health and water quality. This blend of traditional farming and modern conservation efforts ensures that Fayette County remains a vital part of Indiana’s agricultural heritage.

 

The demand for land in Fayette County is steady, driven by both local farmers seeking to expand their operations and investors looking for rural properties. While the county doesn’t experience the high turnover rates seen in more urbanized areas, properties that do come on the market often attract attention due to their productive soils and strategic location within the state. The land market here is characterized by a mix of small parcels suitable for hobby farming and larger tracts ideal for commercial agriculture. This diversity in land offerings cater to a wide range of potential buyers, from those interested in agricultural pursuits to those seeking recreational or residential properties. Overall, Fayette County’s land market reflects its agricultural roots and the ongoing interest in maintaining its rural character.

 

History & Background of Fayette County, Indiana

 

County Seat: Connersville

Townships: Columbia / Connersville / Fairview / Harrison / Jackson / Jennings / Orange / Posey / Waterloo

History: Established in December 1818; Named after Marquis de Lafayette, French Revolutionary War hero.

Population: 23,300

Cities & Towns: Bentonville / Connersville / Glenwood / Alpine / Bunker Hill / Columbia / Everton

Acreage: 137,600

 

According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Fayette County, Indiana.

The 2022 Ag Census for Fayette County, Indiana, reported the following crop statistics:

 

Number of farms: 298

Land in farms (acres): 91,045

Average farm size (acres): 306

Total market value of products sold: $78,720,000

Government payments: $634,000

Farm-related income: $2,589,000

Total farm production expenses: $59,517,000

Net cash farm income: $22,426,000

 

 

Sources / Citations:

 

Source 1:

“United States Department of Agriculture.” USDA, www.nass.usda.gov/Statistics_by_State/Indiana/Publications/County_Estimates/index.php#:~:text=Access%20Quick%20Stats%20Lite,to%20NASS%20Surveys%20and%20Programs. Accessed 2 July 2025.

 

Source 2:

“USDA.” 2022 Census of Agriculture County Profile, www.nass.usda.gov/Publications/AgCensus/2022/Online_Resources/County_Profiles/Indiana/cp18041.pdf. Accessed 2 July 2025.

 

 

*The transaction and land sales data/information contained in this report was obtained from publicly available sources and sales disclosures deemed accurate and reliable but not guaranteed, no liability for accuracy, errors or omissions is assumed by Geswein Farm & Land Realty, LLC

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