IA here

Quote:
pbjmaker, are land prices near you going through the roof? They sure are here. I saw an article in the paper recently that said that a piece (can't remember the size, but maybe 50 acres) went for something like $5000 an acre. Sheesh! I know that it is in an area that has the typical clay-ish soil common to Van Buren County (SE Iowa), so not great soil.

There is a 59 acre m/l plot near us that they want something like $11,000 an acre for. It is just close enough to DSM on a paved road that it would be good for a developer. The land/house we are looking at for 10 acres with a house/garage and one 3 sided building is $160,000. Not bad except the house needs at least $30,000 in remodels.

Yeah I'd say 5 grand an acre sounds about right.
 
My mom and dad paid $18,500 for their 25 acres. They put a modest house and one morten building on it - now appraised at $250,000
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They built the house 22 years ago.
 

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