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Noble County, Indiana
2026 Land Sales Report

Good farmland in Noble County was still hard to overlook in 2025, with quality acres continuing to draw attention from buyers. Heading into 2026, the market feels more settled, with steady demand replacing the fast-moving price gains seen in recent years.

If you’d like to get specific land values on your own property or a farm near you for 2026, please contact Jacob Hogan today at (765) 366-6328.

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Average Price of Land*

$9,980/acre
Jan. – Dec. 2025*

As high as $12,321/acre

in 2025*

Land Market Commentary & Local Trends

Looking at 2025 sales, Noble County produced an average sale price of $9,980 per acre and $157.73 per productivity index point. The upper end of the market remained competitive, as one the year’s highest sales reached $12,321 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

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

Where Productive Farmland Meets Diverse Rural Demand

 

Noble County offers a farmland market that is both productive and distinctive. Agriculture remains a cornerstone of the local economy, but unlike many counties in northern Indiana, farmland here often exists alongside recreational properties, lakes, rural residential development, and growing communities. This combination creates a market where agricultural value remains the foundation, yet location and surrounding land uses can influence buyer interest.

 

During 2025, the county continued to experience steady demand for quality farmland. Buyers became increasingly selective, placing greater emphasis on operational efficiency, soil productivity, and long-term income potential. Rather than broad appreciation across all land types, the market favored farms with characteristics that could support profitable agricultural operations for years to come.

 

A Diverse Agricultural Landscape

 

Noble County’s agricultural economy is built on a strong mix of row-crop production, livestock operations, and family-owned farms. Corn and soybeans dominate much of the tillable acreage, while hay production, beef cattle, dairy, and other livestock enterprises remain important contributors to the county’s agricultural diversity.

 

This mix creates flexibility within the farmland market. Some buyers are seeking highly productive tillable ground to expand grain operations, while others value properties that include pasture, livestock facilities, or acreage capable of supporting diversified farming enterprises.

 

Because agriculture remains deeply rooted throughout the county, demand continues to be supported by operators with long-term ties to the area who understand both the land and its productive potential.

 

More Than Soil Productivity

 

One of the defining characteristics of Noble County is that farmland value is not always determined by soil productivity alone.

 

Properties located near the county’s many lakes, growing rural subdivisions, or major transportation corridors may attract interest from a wider range of buyers. While agricultural use typically remains the highest and best use for most farmland, some parcels benefit from added appeal due to their location, accessibility, or future flexibility.

 

For this reason, two farms with similar soils can perform differently in the marketplace depending on surrounding land uses, road frontage, and development potential. This layered market makes local knowledge especially valuable when evaluating farmland.

 

 

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

 

 

Stewardship Continues to Drive Long-Term Value

 

Across Noble County, buyers continue to recognize the importance of good land stewardship. Farms that have benefited from consistent maintenance, effective drainage, conservation practices, and thoughtful management often stand out in a competitive market.

 

Well-shaped fields, dependable access, and improvements that support efficient farming operations remain attractive to buyers looking for long-term investments rather than short-term opportunities.

 

As production costs remain an important consideration, buyers are increasingly focused on purchasing farmland that requires fewer immediate improvements and can contribute to an operation from the start.

 

What We’ve Seen So Far in 2026

 

As the first half of 2026 comes to a close, Noble County’s farmland market has continued to reflect the measured pace that emerged during 2025. Buyer demand remains healthy but purchasing decisions are being made with greater attention to individual property characteristics and long-term financial performance.

 

High-quality farms continue to generate the strongest interest, particularly when they offer productive soils, efficient field layouts, and strong accessibility. At the same time, buyers have shown a greater willingness to carefully evaluate farms with physical limitations, recognizing that not every property offers the same operational advantages.

 

Another trend that has remained evident is the continued importance of local demand. Neighboring farmers and established agricultural operators continue to represent a significant portion of the buyer pool, helping support stability within the county’s farmland market. While financing costs and commodity prices remain factors in purchasing decisions, the limited availability of well-maintained farmland has helped sustain interest throughout the first half of the year.

 

Looking Ahead: What Could Shape the Rest of 2026

 

Several factors will likely continue influencing Noble County’s farmland market during the remainder of 2026.

 

Inventory will remain one of the most important variables. Quality farmland does not become available frequently, and when productive tracts enter the market, they often receive strong attention from local operators looking to expand.

 

Landowners should also watch how differing land uses continue to shape buyer interest. While agriculture remains the primary driver of value, farms located near expanding residential areas, recreational amenities, or major travel corridors may attract additional interest beyond traditional farming operations.

 

Finally, buyers are expected to continue rewarding stewardship. Properties with well-maintained drainage, productive soils, efficient field layouts, and strong accessibility should remain well positioned in a market where purchasers are carefully evaluating long-term returns.

 

Local Pulse: What’s Happening in Noble County?

 

Growth Around Kendallville and Ligonier

 

Steady residential and commercial investment around Kendallville and Ligonier continues to support the local economy. While most farmland remains firmly in agricultural use, growth around these communities reinforces the importance of location when evaluating rural property.

 

Outdoor Recreation Remains a County Strength

 

With more than 100 lakes and numerous public recreation areas, Noble County continues to attract visitors and seasonal residents. Although recreational demand does not directly drive most farmland sales, it contributes to the county’s broader rural appeal and can influence interest in certain properties.

 

Investment in Rural Infrastructure

 

Ongoing improvements to county roads, drainage infrastructure, and agricultural transportation networks continue to benefit local producers by supporting efficient movement of grain, livestock, and farm equipment throughout the county.

 

 

Final Thoughts

 

Noble County continues to offer a farmland market built on productive agriculture while benefiting from a rural landscape that attracts a variety of landowners and investors. Although buyers have become more selective, the first half of 2026 has reinforced that well-managed farmland remains a valuable long-term asset.

 

The county’s combination of productive soils, diversified agriculture, strong local farming traditions, and desirable rural setting creates a market that is both stable and adaptable. As the year continues, properties that combine agricultural productivity with excellent stewardship and location are likely to remain among the county’s most sought-after farmland.

 

 

 

 

 

 

 

 

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 10 July 2026.

 

Source 2:

“USDA.” 2022 Census of Agriculture County Profile, www.nass.usda.gov/Publications/AgCensus/2022/Online_Resources/County_Profiles/Indiana/cp18113.pdf. Accessed 10 July 2026.

 

 

*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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