Owen County, Indiana
2024 Land Sales Report
Land prices in Owen County increased once more in 2024, but the market so far in 2025 is showing early signs of leveling off.
If you’d like to get specific land values on your own property or a farm near you for 2025, please call (765) 426-6666.
Request a Land Values ReportAverage Price of Land*
$7,322/acre
Jan. – Dec. 2024*
As high as $8,044/acre
in 2024*
Land Market Commentary & Local Trends
Overall, the average price of farmland was $7,322/acre and the price per productivity index point was $92.52 in 2024 based on the sales data. It is important to note that in 2024 there have been farmland sales as high as $8,044 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, about 1,500 acres of land were listed for sale in Owen County, Indiana, with Spencer showcasing the most available properties. Owen County currently ranks 34th out of 92 counties in the state for total land listed, making it a notable area in Indiana’s land market. The county covers around 387 square miles and sits in the western part of the state. While it’s known for its rural charm and natural beauty, Owen County’s economy is largely driven by manufacturing and related services.
The most recent USDA farmland census reveals that Owen County, Indiana, is home to 435 farms overseeing about 76,206 acres of farmland, with roughly 46,228 acres dedicated to cropland, 6,041 acres used as pasture, and around 19,778 acres in woodland. The average farm spans approximately 175 acres–a manageable size that supports productivity and flexibility in farming methods. Farming here remains firmly rooted in crop production, which makes up the majority of farm income, though livestock and related enterprises continue to play a supporting role. Owen County producers are also embracing conservation practices: about 36% of farms use no-till, 25% rely on reduced tillage, 24% practice intensive tillage, and 8% incorporate cover crops, showing a growing commitment to soil health and environmental stewardship.
Overview of Owen County Agriculture
Location and Geography: Owen County, Indiana is located in the west-central part of the state, nestled between the rolling hills and wooded areas of the West Indiana region. The county is characterized by a mix of gently sloping farmland, forested terrain, and waterways, including the White River that flows through its landscape.
Major Crops:
- Corn: a leading crop, widely planted for both grain and livestock feed, taking advantage of the county’s fertile soils and moderate climate.
- Soybeans: another major crop, often grown in rotation with corn to improve soil health and productivity while meeting demand for oil and meal products.
- Hay: also commonly produced, particularly in the county’s hillier or pasture-friendly areas, supporting local livestock operations with essential forage.
Owen’s County agricultural landscape features a mix of row crops and livestock operations, supported by its gently rolling terrain and fertile soils. Local farms primarily grow corn, which thrives in the area’s growing season and provides a solid foundation for grain production. Soybeans are another leading crop, often rotated with corn to maintain soil health and maximize yields. Hay is also commonly produced to support livestock operations, especially cattle, which are a consistent presence on many farms throughout the county. With an average farm size of just over 170 acres and several hundred farms operating in the area, agriculture continues to play a vital role in the local economy and rural identity.
The demand for land in Owen County reflects a balance between agricultural utility and rural lifestyle appeal. Buyers are drawn not only to productive farmland but also to recreational and wooded properties, thanks to the county’s scenic landscape and access to natural features like the White River and nearby parks. Listings typically include a mix of tillable acreage, timber ground, and potential home sites, making the area attractive to both traditional farmers and those seeking weekend retreats or hobby farms. This diversity keeps interest steady and ensures that Owen County remains a desirable destination for land ownership in western Indiana.
History & Background of Owen County, Indiana
County Seat: Spencer
Townships: Clay / Franklin / Harrison / Jackson / Jefferson / Jennings / Lafayette / Marion / Montgomery / Morgan / Taylor / Washington / Wayne
History: Established in 1819; Named for Colonel Abraham Owen, a hero of the Battle of Tippecanoe.
Population: 21,851
Cities & Towns: Spencer / Gosport / Arney / Patricksburg / Coal City / Denmark
Acreage: 248,000
According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Owen County, Indiana.
The 2022 Ag Census for Owen County, Indiana, reported the following crop statistics:
Number of farms: 435
Land in farms (acres): 76,206
Average farm size (acres): 175
Total market value of products sold: $31,996,000
Government payments: $885,000
Farm-related income: $2,585,000
Total farm production expenses: $27,743,000
Net cash farm income: $7,724,000
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/cp18119.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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