Carroll County, Indiana
2023 Land Sales Report
After several years of significant increases in value, price per acre values rose in 2023 and appear to be starting to stabilize into 2024.
If you’d like to get specific land values on your own property or a farm near you for 2024, please contact Craig Stevenson today at (574)-870-4383
Average Price of Land
2022 to 2023*
$11,343/acre
in 2022*
$11,389/acre
in 2023*
As high as $$$$$/acre
in 2024*
Land Market Commentary & Local Trends
The price per productivity index also increased from $70.26 in 2022 to $74.00 in 2023.
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.
According to Land.com, recent listings for land in Carroll County, Indiana, have totaled nearly $12 million, covering approximately 1,000 acres. Carroll County is ranked 74th out of 92 counties in Indiana for the total amount of land currently available for sale. Delphi stands out as the area with the most land listings within Carroll County. Economically, manufacturing and related services dominate as the primary sectors in the region. Carroll County is the 63rd largest county in Indiana, spanning 375 square miles, and is located in the western part of the state.
The most recent USDA farmland census reveals that Carroll County has approximately 170,000 acres of farmland. The county’s average farm size is around 300 acres, with over 500 farms operating within its borders. Corn and soybeans are the predominant crops, contributing significantly to the local agricultural economy. The census also indicates that the majority of farm operators in Carroll County are family-owned businesses, emphasizing the importance of agriculture to the community’s heritage and economy.
By The Numbers
History & Background of Carroll County, Indiana: Home of Indiana’s Oldest Bridge
County Seat: Delphi
Townships: Adams / Burlington / Carrollton / Clay / Deer Creek / Democrat / Jackson / Jefferson / Liberty / Madison / Monroe / Rock Creek / Tippecanoe / Washington
History: Named for Charles Carroll, signer of the Declaration of Independence
Population: 20,555
Cities & Towns: Delphi / Burlington / Camden / Flora / Yeoman
Acreage: 238,223
Farmland Acreage: 224,205
According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Carroll County, Indiana.
The 2022 Ag Census for Carroll County, Indiana, reported the following crop statistics:
Number of farms: 537
Land in farms (acres): 197,057
Average farm size (acres): 367
Total market value of products sold: $299,907,000
Government payments: $1,258,000
Farm-related income: $6,807,000
Total farm production expenses: $213,734,000
Net cash farm income: $94,238,000
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 8 July 2024.
Source 2:
“USDA.” 2022 Census of Agriculture County Profile, www.nass.usda.gov/Publications/AgCensus/2022/Online_Resources/County_Profiles/Indiana/cp18029.pdf. Accessed 8 July 2024.
*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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