Lee County, Iowa Farmland Values and Land Auction Information

The following information is from Iowa State University’s Land Survey that’s released each December. It is only a guide and won’t apply exactly to your farmland.  Last update 12/2023. Data on this page can be up to 12 months old. To see current Iowa land prices and most recent farmland sales results click here

Lee County Iowa Farmland Value Profile

Lee County Iowa Farmland Value Profile<br />
  • The average value of farmland in Lee County is $10,489 per acre which is up $1,098 from 2022 to 2023.
  • The average price of tillable farmland per CSR2 point in Lee County is $136.22 for 2023 land auctions.
  • Lee County is ranked 76 in the state of Iowa in average dollars per acre for tillable farmland.
  • The highest sale of farmland in Lee County in 2023 was $17,561 per acre.
Location Southeast Iowa
County Size 517 sq. miles
Total Acres 256,685
Cropland Acres 189,658
Average Price Per Acre Farmland $10,489
Average Price Per Acre for Southeast, IA $10,460
CSR2 Weighted Average 52.3
CSR2 Cropland Average 77
State Average CSR2 68.6
Average Price per CSR2 $136.22
Average County Rent $320
Rent Range $257-$383
Average rent for Southeast, Iowa $252
Rent per CSR2 Point $4.27
Improved Permanent Pasture $79
Unimproved Permanent Pasture $56
Stalk Grazing per Acre $13
Hunting Rights per Acre $16

If you have questions about selling farmland see our Iowa Farmland Sales FAQ or get a Free Farmland Market Analysis.

Towns: Donnellson, Keokuk, Ford Madison, Montrose, Franklin, West Point, Houghton, St. Paul

Unincorporated Areas: Pilot Grove, Wever, Denmark, Argyle, New Boston

Townships: Cedar, Marion, Pleasant Ridge, Denmark, Green Bay, Washington, West Point, Franklin, Harrison, Van Buren, Charleston, Jefferson, Madison, Montrose, Des Moines, Jackson

History: Fort Madison dates to the war of 1812. Lee County was the location of the “Half-Breed Tract”, established by treaty in 1824. Allocations of land were made to American Indian descendants of European fathers and Indian mothers at this tract. Originally the land was to be held in common. Some who had an allocation lived in cities where they hoped to make better livings. Large-scale European-American settlement in the area began in 1839, after Congress allowed owners to sell land individually. Members of the Church of Christ (Latter Day Saints) fled persecutions in Missouri to settle in Illinois and Iowa. Although Nauvoo, across the border in Hancock County, Illinois, became the main center of Latter-day Saints settlement, there was also a stake organized in Lee County under the direction of John Smith, the uncle of Joseph Smith.

Lee County Iowa Farmland Sales Resources

Selling Land with DreamDirt

When it comes to marketing and selling your land, having the right team and the right tactics is of invaluable importance. As professionals in the rural real estate and auction industry, our team has assisted family heirs and farmers in over 9,000 transactions and counting! Not sure where to start? Learn more about our land sales process, explore frequently asked questions, or simply let our team know you’d like to talk.

DreamDirt Marketing Highlights


Recent Farmland Sales in this County

12/19/23 25.1 acres; $17,561/acre; 69.6 CSR2; $252.31/CSR2; 85% tillable

8/10/23 75.96 Acres; $7,900/acre; 56.3 CSR2; 68.09% tillable

7/10/23 169 Acres; $4,125/acre 43 CSR2; 73.19% tillable

7/10/23 96 Acres; $4,000/acre; 42 CSR2; 56% tillable

7/10/23 36 Acres; $5,300/acre; 69.6 CSR2; 95.36% tillable

7/10/23 14 Acres; $6,200/acre; 51/6 CSR2; 85.86% tillable

6/7/23 182.65 Acres; $9,949/acre; 56.1 CSR2; 97% tillable

3/15/23 19.41 Acres; $10,600/acre; 77.5 CSR2; 87% tillable

3/15/23 91.5 Acres; $8,500/acre; 51.9 CSR2; 87% tillable

3/15/23 28 Acres; $10,600/acre; 77.5 CSR2; 99% tillable

2/2/23 74.5 Acres; $9,100/acre; 59.7 CSR2; 83% tillable

2/2/23 64 Acres; $5,700/acre; 66 CSR2; 58.66% tillable

11/1/22 38.07 Acres; $22,700/acre; 80.6 CSR2; 91% tillable

11/1/22 69.79 Acres; $14,000/acre; 70.2 CSR2; 80% tillable

Jason J. Smith, CAI

Photo of Jason Smith.

Lee County Iowa Farmland Sales

(515) 537-6633, [email protected]

Licensed to sell real estate in the state of Iowa

Lee County Farmland Values and Averages

All farmland values for Lee County are stated as averages and are not a guarantee of value in any given situation.  If you need a written farmland appraisal you should call us at 855-376-3478 to discuss how we can help you. Farmland prices can change quickly and some information on this website can be up to 12 months old depending on when you view it.  All sale results are dated so you can see the date of the sale however averages are calculated in December of each year and are based on a September to September study.


Learn More About Selling Iowa Land

You can find Farmland For Sale in Lee County Iowa at bid.DreamDirt.com.  Need the advice of a qualified farmland professional?  Our professional staff of Iowa auctioneers and land brokers at DreamDirt would be happy to visit with you about your situation and help guide you through the process of making an informed decision about selling farmland.  Want to continue your research?  You can find a wealth of information on our Farmland Sales and Auction Blog.