Tippecanoe County, Indiana
2024 Land Sales Report
After several years of robust growth, Tippecanoe County land values rose further in 2024. Early trends in 2025 indicate a possible stabilization in the market.
If you’d like to get specific land values on your own property or a farm near you for 2025, please contact Johnny Klemme today at (765) 427-1619
Average Price of Land*
$16,000/acre
Jan. – Dec. 2024*
As high as $17,452/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 $16,000/acre and the average price per productivity index point was $184.37 based on the below sampled data. It is important to note that in 2024 there have been farmland sales as high as $17,452 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
Tippecanoe County, Indiana, recently had approximately 1,000 acres of farms, hunting land, and other rural properties listed for sale on Land.com, with a total market value of around $119 million. Among Indiana’s 92 counties, Tippecanoe ranks 15th for the total acreage currently on the market. The city of Lafayette leads the county in the number of land listings. Covering 503 square miles, Tippecanoe is the 13th largest county in the state and is located in west central Indiana.
The most recent USDA farmland census reveals that Tippecanoe County has approximately 237,534 acres of farmland. The county’s average farm size is around 334 acres, with over 712 farms operating within its borders. Corn and soybeans are the predominant crops, contributing significantly to the local agricultural economy. The census also indicates that the majority of farm operators in Tippecanoe County are family-owned businesses, emphasizing the importance of agriculture to the community’s heritage and economy.
Overview of Tippecanoe County Agriculture
Location and Geography: Located in west central Indiana along the Wabash River, Tippecanoe County combines fertile river valley soils with slightly varied topography and is home to a mix of rural farmland and the urban center of Lafayette.
Major Crops:
- Corn
- Soybeans
- Wheat
- Vegetables & Fruit Orchards
Home to Purdue University, Tippecanoe County combines advanced agricultural research with large-scale production. Corn and soybeans lead in acreage and economic value, with farmers employing precision ag techniques to maximize yield. The county grows a modest amount of wheat and distinguishes itself with some acreage dedicated to vegetables & fruit orchards, reflecting growing interest in specialty and diversified crops.
Tippecanoe County, Indiana, is solidly rooted in agriculture, with an average farm spanning 313 acres. Farm real estate in Tippecanoe County is part of a robust West Central Indiana market. The county’s cropland utilization is high – about 88% of farmland is actively harvested. Corn and soybeans dominate annually, alongside wheat, veggies, and a small number of orchards. Livestock and poultry contribute around 21.8% to farm product value, while nurseries and floriculture make up about 7.4%.
History & Background of Tippecanoe County, Indiana: Home of Purdue University
County Seat: Lafayette
Townships: Fairfield / Jackson / Lauramie / Perry / Randolph / Sheffield / Shelby / Tippecanoe / Union / Wabash / Washington / Wayne / Wea
History: Named for the famous 1811 Battle of Tippecanoe and organized in 1826
Population: 188,717
Cities & Towns: Battle Ground / Clarks Hill / Dayton / Lafayette / Otterbein / Shadeland / West Lafayette / Westpoint
Acreage: 319,294
According to the USDA National Agricultural Statistics Service (NASS), the following crop statistics have been reported for Tippecanoe County, Indiana.
The 2022 Ag Census for Tippecanoe County, Indiana, reported the following crop statistics:
Number of farms: 712
Land in farms (acres): 234,534
Average farm size (acres): 334
Total market value of products sold: $244,176,00
Government payments: $1,631,000
Farm-related income: $9,959,000
Total farm production expenses: $200,408,000
Net cash farm income: $55,357,000
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/cp18157.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
Thinking About Selling?
Need Advice?
With our full-time experienced team, you’ll get our ‘boots on the ground’ work ethic paired with the latest in digital technology & national marketing reach – for best-in-class service and results.
Because you deserve more value.
Contact Us