Henry County, Indiana
2024 Land Sales Report
After multiple years of price growth, Henry County saw another increase in land values during 2024, but early signs in 2025 indicate a possible leveling 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 Nick George at (317) 840-1764, Chris Turnbell at (812) 318-4163, or Rob Haubry at (812) 525-8998.
Average Price of Land*
$13,457/acre
Jan. – Dec. 2024*
As high as $23,973/acre
in 2024*
Land Market Commentary & Local Trends
Overall, the average price of farmland was $13,457/acre and the price per productivity index point was $180.46 in 2024 based on the sales data. It is important to note that in 2024 there have been farmland sales as high as $23,973 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.
According to Land.com, about 841 acres of land were listed for sale in Henry County, totaling around $37 million in value. That puts Henry County at 35th in Indiana for the amount of land currently on the market. Two properties were also sold through the Land Network Comparable Sales Program, with a combined value of $679,000. Among all the towns in the county, New Castle had the most rural land listings. Covering 394 square miles, Henry County sits in the East Indiana region and ranks as the 52nd largest county in the state.
The most recent USDA farmland census reveals that Henry County supports 584 farms managing approximately 178,215 acres, with about 161,266 acres in cropland, around 4,369 acres in pasture, 5,799 acres of woodland, and the rest in other uses like farmsteads or ponds. Farms here average about 305 acres, and about 76% of agricultural sales come from crop production, while 24% come from livestock and related products. Conservation practices are becoming more common–28% of farms use no-till, 30% use reduced tillage, 11% rely on intensive tillage, and 7% incorporate cover crops to preserve soil health. Among its top crops, Henry County growers planted nearly 33,993 acres of soybeans, 27,829 acres of corn for grain, with smaller areas planted in hay, vegetables, and specialty crops. Farms operated by women make up a significant portion–around 340 farms, averaging 236 acres each–highlighting both diversity and scale in county farming.
Overview of Henry County Agriculture
Location and Geography: Henry County is located in east-central Indiana, bordered by Delaware, Randolph, Wayne, Fayette, Rush, Hancock, and Madison counties. The landscape is characterized by gently rolling farmland, with a mix of croplands, woodlands, and small communities dotting the countryside.
Major Crops:
- Corn: a major crop in Henry County, grown primarily for grain and widely used in livestock feed and ethanol production.
- Soybeans: another leading crop, valued for their versatility in food, feed, and industrial applications.
- Hay: produced to support livestock operations and contributes to the county’s forage needs.
Agriculture remains a central part of life in Henry County, Indiana, where over 178,000 acres of farmland support a diverse and productive agricultural economy. Corn and soybeans dominate the crop landscape, while hay production and livestock operations provide further stability and diversity to the county’s rural economy. Many of the farms are family-run, with a strong tradition of generational stewardship and growing interest in sustainable practices such as cover cropping and no-till farming. The county’s gently rolling terrain, fertile soils, and rural infrastructure make it a favorable environment for farming.
The local land market in Henry County continues to experience steady demand, especially for high-quality cropland and recreational acreage. Its location within reach of urban centers like Indianapolis makes it attractive to both active farmers and investors looking for long-term value. Towns like New Castle often see the most listings, and the overall interest in farmland remains consistent, driven by a mix of agricultural productivity, lifestyle appeal, and potential for future development. This balance keeps Henry County firmly rooted in its agricultural heritage while also making space for growth.
History & Background of Henry County, Indiana
County Seat: New Castle
Townships: Blue River / Dudley / Fall Creek / Franklin / Greensboro / Harrison / Henry / Jefferson / Liberty / Prairie / Spiceland / Stoney Creek / Wayne
History: Established in 1822; Named after Patrick Henry, famed patriot and first governor of Virginia.
Population: 49,158
Cities & Towns: New Castle / Knightstown / Middletown / Spiceland / Shirley / Dunreith / Springport / Straughn / Sulphur Springs / Lewisville / Mooreland / Kennard / Blountsville
Acreage: 252,000
According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Henry County, Indiana.
The 2022 Ag Census for Henry County, Indiana, reported the following crop statistics:
Number of farms: 584
Land in farms (acres): 178,215
Average farm size (acres): 305
Total market value of products sold: $200,884,000
Government payments: $875,000
Farm-related income: $7,831,000
Total farm production expenses: $155,872,000
Net cash farm income: $53,717,000
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/cp18065.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
Thinking About Selling?
Need Advice?
Get the guidance, service, and professional expertise you deserve.
- Family Farm Advisory for Succession Planning
- Undivided Interests & Tenants in Common
- Farmland Management Decisions
- Auctions & Listing
With our full-time experienced team, you’ll get our ‘boots on the ground’ work ethic paired with the latest in digital technology & national marketing reach – for best-in-class service and results.
Because you deserve more value.
Contact Us