Noble County, Indiana
2024 Land Sales Report
In Noble County, land prices continued to climb in 2024; however, current data from 2025 suggests that growth may be leveling off.
If you’d like to get specific land values on your own property or a farm near you for 2025, please contact Jacob Hogan today at (765) 366-6328.
Average Price of Land*
$8,122/acre
Jan. – Dec. 2024*
As high as $12,791/acre
in 2024*
Land Market Commentary & Local Trends
Overall, the average price of farmland was $8,122/acre and the price per productivity index point was $122.83 in 2024 based on the sales data. It is important to note that in 2024 there have been farmland sales as high as $12,791 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
Recently, about 1,000 acres of land were up for sale in Noble County, with listings adding up to a total value of around $50 million. According to Land.com, that puts Noble County at 28th in Indiana for the amount of land currently on the market. Among its towns, Kendallville had the most land listed. The county itself is the 32nd largest in the state, covering 417 square miles, and it’s located in the eastern region of Indiana.
The most recent USDA farmland census reveals that Noble County is a robust agricultural county with 1,067 farms operating on 174,349 acres of farmland – of which 140,236 acres are cropland, nearly 5,000 acres are permanent pasture or rangeland, and about 17,500 acres are woodland. Livestock production is substantial, with over 2.1 million broiler chickens, nearly 120,000 laying hens, 45,000 hogs and pigs, about 13,400 cattle and calves, and 1,600 sheep and lambs. This data highlights Noble County’s diverse farming practices, blending large-scale crop production with significant animal agriculture across a varied land-use landscape.
Overview of Noble County Agriculture
Location and Geography: Noble County is located in northeastern Indiana, bordered by six other counties and part of the state’s scenic lake region. Its geography features gently rolling farmland, wooded areas, and over 100 lakes, making it a mix of agricultural and natural landscapes.
Major Crops:
- Corn: A dominant crop in Noble County, grown extensively for livestock feed, ethanol production, and processed food ingredients.
- Soybeans: Widely cultivated across the county and are valued for their use in cooking oil, animal feed, and a variety of industrial products.
- Wheat: Supports both food-grade production and serves as an important rotational crop to maintain soil health.
- Hay: Grown to support the county’s livestock operations, providing essential feed for cattle, horses, and other animals throughout the year.
Agriculture is the backbone of Noble County’s rural economy. Crop fields dominate the landscape, while livestock – including over two million broiler chickens and tens of thousands of cattle, hogs, and dairy animals – play a significant role in local farm operations. The scale of operations and agrarian diversity reflect a thriving, production-focused farming region.
Meanwhile, demand for farmland across Indiana, including Noble County, remains strong. According to Purdue’s recent surveys, while rising interest rates and tight farm income have put some pressure on prices, limited land supply – and ongoing interest from farmers, re-investors, and even development buyers – has kept land values firm at record levels. With brokers noting steady interest particularly in high-quality, tillable parcels, the market continues to favor sellers in one of Indiana’s most active agricultural counties.
History & Background of Noble County, Indiana
County Seat: Albion
Townships: Albion / Allen / Elkhart / Green / Jefferson / Noble / Orange / Perry / Sparta / Swan / Washington / Wayne / York
History: Organized in 1836, named for U.S. Senator James Noble
Population: 47,457
Cities & Towns: Albion / Avilla / Cromwell / Kendallville / Ligonier / Rome City / Wolcottville
Acreage: 267,520
According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Noble County, Indiana.
The 2022 Ag Census for Noble County, Indiana, reported the following crop statistics:
Number of farms: 1,067
Land in farms (acres): 174,349
Average farm size (acres): 163
Total market value of products sold: $199,872,000
Government payments: $1,427,000
Farm-related income: $6,962,000
Total farm production expenses: $145,180,000
Net cash farm income: $63,081,000
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/cp18113.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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