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Hamilton County, Indiana
2024 Land Sales Report

Land prices in Hamilton County continued their upward trajectory through 2024, but recent activity in 2025 hints at a possible cooling of the market.

If you’d like to get specific land values on your own property or a farm near you for 2025, please contact Ryan Kull today at (812) 881-6575.

Request a Land Values Report

Average Price of Land*

$22,970/acre
Jan. – Dec. 2024*

As high as $29,155/acre

in 2024*

Land Market Commentary & Local Trends

Overall, the average price of farmland was $22,970/acre and the price per productivity index point was $335.65 in 2024 based on the sales data. It is important to note that in 2024 there have been farmland sales as high as $29,155 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, there’s been around 2,000 acres of land listed for sale in Hamilton County, totaling roughly $313 million. That puts Hamilton County near the top in Indiana—ranking fourth in the state for the total amount of land on the market. Noblesville leads the way locally, with the most available listings in the county. Hamilton County itself spans about 402 square miles, making it the 48th largest county in Indiana, and it’s right in the heart of Central Indiana.

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The most recent USDA farmland census reveals that Hamilton County had 517 farms managing around 132,200 acres, with about 115,600 acres in cropland, roughly 1,300 acres of pasture, 11,600 acres of woodland, and just under 3,800 acres in other uses like farmsteads and ponds. Crops dominate the county’s farm sales – 98% comes from crop production – while livestock, poultry, and related sales make up the remaining 2%. Among farm activities, no-till systems are used on about 23% of farms, reduced tillage on 13%, intensive tillage on 24%, and cover cropping on around 4%, reflecting a growing interest in soil conservation.
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Farms average around 256 acres, and women operate 353 of these farms, managing about 79,900 acres – with the average female-operated farm covering around 226 acres. The impressive cropland share, and the prevalence of conservation practices underscore Hamilton County’s productive, row crop focused agriculture, dominated by corn, soybeans, and smaller-scale rotational crops, all supported by modern farming systems.
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Overview of Hamilton County Agriculture

 

Location and Geography: Hamilton County lies in central Indiana, just north of Indianapolis, featuring a mix of suburban development and remaining agricultural zones. Its terrain consists largely of rolling farmland interspersed with rivers, creeks, and reservoirs like Geist and Morse.

 

Major Crops: 

  1. Soybeans are the most widely planted crop in Hamilton County, covering more acreage than any other commodity.
  2. Corn for grain follows closely, occupying substantial acreage and produced primarily for livestock feed and ethanol.
  3. Wheat is grown in smaller quantities, typically used as part of crop rotation to support soil health.

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Hamilton County supports around 517 farms managing approximately 132,200 acres, with cropland making up nearly 116,000 acres and only a small portion allocated to pasture or woodland. Conservation practices such as no-till and reduced till farming are adopted on a notable share of acreage to promote sustainability.

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While land listings are significant – Hamilton County ranks fourth statewide for acreage advertised – it remains competitive. Most listings are clustered near Noblesville, and demand stays strong for quality farmland and rural property despite limited supply.

History & Background of Hamilton County, Indiana

 

County Seat: Noblesville

Townships: Adams / Clay / Delaware / Fall Creek / Jackson / Noblesville Township / Washington / Wayne / White River

History: Formed in 1823; named for Alexander Hamilton, the first U.S Secretary of the Treasury.

Population: 371,645

Cities & Towns: Carmel / Fishers / Noblesville / Westfield / Sheridan / Arcadia / Atlanta / Cicero / Williams Creek

Acreage: 252,000

 

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

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

 

Number of farms: 517

Land in farms (acres): 132,195

Average farm size (acres): 256

Total market value of products sold: $140,769,000

Government payments: $563,000

Farm-related income: $5,927,000

Total farm production expenses: $113,295,000

Net cash farm income: $33,964,000

 

 

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/cp18057.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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