St. Joseph County, Indiana
2024 Land Sales Report
St. Joseph County saw land values rise again in 2024, continuing a multi-year trend, though the pace appears to be easing as 2025 gets underway.
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*
$11,441/acre
Jan. – Dec. 2024*
As high as $16,803/acre
in 2024*
Land Market Commentary & Local Trends
Overall, the average price of farmland was $11,441/acre and the price per productivity index point was $163.85 in 2024 based on the sales data. It is important to note that in 2024 there have been farmland sales as high as $16,803 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.
Recently, nearly 1,000 acres of land went up for sale in St. Joseph County, Indiana, with a total value of around $66 million. That puts the county at 23rd out of 92 in Indiana when it comes to the number of acres currently on the market, according to Land.com. Osceola stands out as the city with the most land and rural properties listed in the area. St. Joseph County is Indiana’s 18th largest county, covering about 461 square miles, and it’s located in the northern part of the state.
The most recent USDA farmland census reveals that there are some big shifts in farming happening in St. Joseph County. Since 2017, the number of farms has dropped by about 13%, but those that remain are getting larger – the average farm is now 280 acres, up 17%. In total, farmland covers over 153,000 acres in the county. Crop production clearly dominates, making up about 80% of all farm sales, with corn, soybeans, and hay being the main crops. Interestingly, while there are fewer farms, income is way up – market value of products sold jumped 56%, and average farm income more than doubled. There’s also a noticeable trend toward conservation practices like no-till and cover crops. Female farmers are a strong part of the picture too, operating nearly 60% of the farms and generating over $56 million in sales. All in all, farming in St. Joseph County is evolving – fewer operations, but they’re more productive and focused on crops, sustainability, and efficiency.
Overview of St. Joseph County Agriculture
Location and Geography: St. Joseph County is located in northern Indiana, bordering the state of Michigan. It features a mix of urban and rural geography, with the St. Joseph River running through its largest city, South Bend.
Major Crops:
- Corn: The dominant crop in St. Joseph County, with over 71,000 acres harvested annually for livestock feed, ethanol production, and food ingredients.
- Soybeans: Widely cultivated across the county, occupying more than 57,000 acres and serving as a key source of oil and protein for both human and animal consumption.
- Wheat: Grown on a smaller scale, provides a rotational crop for farmers and contributes to regional flour production.
St. Joseph County features a predominantly row-crop agricultural system, with corn for grain and soybeans occupying the majority of cropland, supported by rotation crops like wheat, and small-scale specialty plantings such as vegetables, orchards, and historically, mint. Although the county only represents about 1% of Indiana’s farm acreage and less than 3% of its workforce is in agriculture, these crops remain the backbone of its rural economy, even as agricultural land makes up just over half of the total land area and cropland about 46%.
In St. Joseph County, farmers have increasingly sold land – especially older operations or those facing succession challenges – to accommodate residential, industrial, and corporate developments. This land turnover is driven by elevated maintenance and production costs, aging operations, and attractive non-farm alternatives, and local observers expect this trend to continue in the near term.
Despite structural challenges like rising interest rates and tighter farm income margins, tight supply and ongoing non-agricultural interest in land have kept demand firm. Farmland transitioning to development use has been notably increasing, signaling continued pressure on the county’s agricultural land base, even as farm output continues to be produced with fewer acres.
History & Background of St. Joseph County, Indiana
County Seat: South Bend
Townships: Centre / Clay / German / Greene / Harris / Liberty / Lincoln / Madison / Olive / Penn / Portage / Union / Warren
History: Founded in 1830, named for the St. Joseph River
Population: 272,912
Cities & Towns: Indian Village / Lakeville / Mishawaka / New Carlisle / North Liberty / Osceola / Roseland / South Bend / Walkerton
Acreage: 295,040
According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for St. Joseph County, Indiana.
The 2022 Ag Census for St. Joseph County, Indiana, reported the following crop statistics:
Number of farms: 547
Land in farms (acres): 153,034
Average farm size (acres): 280
Total market value of products sold: $162,244,000
Government payments: $824,000
Farm-related income: $4,147,000
Total farm production expenses: $121,990,000
Net cash farm income: $45,225,000
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/cp18141.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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