Miami County, Indiana
2024 Land Sales Report
Land prices in Miami County, Indiana remained on the rise during 2024, but growth appears to be moderating as the market transitions into 2025.
If you’d like to get specific land values on your own property or a farm near you for 2025, please contact Craig Stevenson today at (574)-870-4383
Average Price of Land*
$12,185/acre
Jan. – Dec. 2024*
As high as $18,891/acre
in 2024*
Land Market Commentary & Local Trends
Overall, the average price of farmland in our sampled data report from January – December of 2024 was $12,185/acre and the average price per productivity index point was $166.05 based on the below sampled data. It is important to note that in 2024 there have been farmland sales as high as $18,891 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, approximately 1,000 acres of land are currently listed for sale in Miami County, Indiana, with a total market value of around $7 million. Among Indiana’s 92 counties, Miami County ranks 88th in terms of total land currently advertised for sale. The city of Peru leads the county in available acreage, offering the most rural, hunting, and farmland listings. Covering 377 square miles, Miami County is the 61st largest county in the state and is situated in Indiana’s eastern region.
The USDA farmland census shows Miami County has 201,899 acres of farmland, with an average farm size of 329 acres and 613 farms. Corn and soybeans dominate the local agricultural economy. Most farms are family-owned, highlighting the significance of agriculture to the local agricultural community’s heritage, agronomic practices, and economy.
Overview of Miami County Agriculture
Location and Geography: Located in north central Indiana, Miami County features flat to gently rolling terrain with fertile soils well-suited for row crop agriculture, particularly in the Wabash River basin.
Major Crops –
- Soybeans: The top crop by acreage, used extensively for oil production and animal feed.
- Corn: For grain, follows closely to soybeans, supports local livestock operations and biofuel production.
- Wheat: Grown on a smaller scale, mainly as a rotational crop to support soil health.
Miami County’s farm sector is marked by moderately sized operations – averaging about 279 acres per farm – with family-owned farms representing approximately 87% of the total. Farmers dedicate around 84.7% of their land to harvested crops, predominantly corn, soybeans, and wheat.
History & Background of Miami County, Indiana
County Seat: Peru
Townships: Allen / Butler / Clay / Deer Creek / Erie / Harrison / Jackson / Jefferson / Perry / Peru / Pipe Creek / Richland / Union / Washington
History: Organized in 1834; named after the Miami Indians
Population: 35,674
Cities & Towns: Amboy / Bunker Hill / Converse / Denver / Macy / Peru
Acreage: 238,223
According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Miami County, Indiana.
The 2022 Ag Census for Miami County, Indiana, reported the following crop statistics:
Number of farms: 613
Land in farms (acres): 201,899
Average farm size (acres): 329
Total market value of products sold: $269,146,000
Government payments: $1,590,000
Farm-related income: $7,706,000
Total farm production expenses: $199,084,000
Net cash farm income: $79,358,000
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 16 June 2025.
Source 2:
“USDA.” 2022 Census of Agriculture County Profile, www.nass.usda.gov/Publications/AgCensus/2022/Online_Resources/County_Profiles/Indiana/cp18103.pdf. Accessed 16 June 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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