Montgomery County Iowa Farmland Value Profile
Current Land Prices and Sales Information:
- The average value of farmland in Montgomery County is $9,090 per acre which is down $224 from 2023 to 2024.
- The average price of tillable farmland per CSR2 point in Montgomery County is $115 for 2024 land auctions.
- Montgomery County is ranked #83 in the state of Iowa in average dollars per acre for tillable farmland.
- The highest selling farmland in Montgomery County in 2023 was $15,000 per acre.
| Location | Southwest, Iowa |
|---|---|
| County Size | 424 sq. miles |
| Total Acres | 217,317 |
| Cropland Acres | 150,876 |
| Average Price Per Acre Farmland | $9,090 |
| Average Price Per Acre for Southwest, IA | $9,340 |
| CSR2 Weighted Average | 70.3 |
| CSR2 Cropland Average | 79 |
| State Average CSR2 | 68.6 |
| Average Price per CSR2 | $115 |
| Average County Rent | $264 |
| Rent Range | $205-$325 |
| Average rent for Southwest, Iowa | $263 |
| Rent per CSR2 Point | $3.34 |
| Improved Permanent Pasture | $105 |
| Unimproved Permanent Pasture | $69 |
| Stalk Grazing per Acre | $9 |
| Hunting Rights per Acre | $10 |
If you have questions about selling farmland see our Iowa Farmland Sales FAQ or get a Free Farmland Market Analysis.
Towns: Colburg, Grant, Stanton, Elliott, Red Oak, Villisca
Unincorporated Areas: Pittsburg
Townships: Lincoln, Sherman, Pilot Grove, Douglas, Garfield, Red Oak, Frankfort, Washington, West, Grant, Scott, East
History: The territory that is now Montgomery County was originally part of the Pottawattamie-Purchase in 1846 and was included in a large county called Pottawattamie in 1847. The General Assembly established the county on January 15, 1851. The county is named in honor of General Richard Montgomery who died at the assault of Quebec in the Revolutionary War. The first county elections were held in April 1853, and around 18 votes were cast. Prior to this the county was attached to Adams County for judicial and financial reasons. These elections were held at the home of Amos G. Lowe, the first county judge. A judge of the Sixth Judicial District appointed commissioners to select the county seat of Montgomery County. They selected a site nearest to the center of the county and named it Frankfort, in honor of Frankfort, Kentucky, the judge’s hometown. The first county courthouse was built in Frankfort in 1857. It was a simple wooden-frame structure that covered an area 20-foot x 40-foot and was built at a cost of $1,141.50 to the county. After a contest between Frankfort and Red Oak for the county seat, in which Frankfort lost by only six votes, this courthouse was moved. It was hitched to a team of oxen and towed to Red Oak in the winter of 1865. A blizzard came up, and the men had to abandon the building in favor of shelter. When they retued they had “lost” the courthouse in the snow. It was eventually found, but the “lost courthouse” was a great joke in Montgomery County for many years. Even after a second story was added to the old courthouse, it was still not large enough for the growing county needs. Two attempts to build a new courthouse failed. The first one was in 1873, and the second was in 1883. Finally, on the third try, the people approved the building of a new courthouse by a narrow margin in the summer of 1889. The second, and current, courthouse was built in 1890. The contractor failed to complete the building, and after much litigation, the county was found not responsible for the cost of completing the courthouse. When the building was finished, it only cost the county $69,000. At the dedication on the Fourth of July, conservative estimates put the number of visitors present at 10,000. The nearly fireproof structure is made of sandstone and red brick. It is 91-foot x 72-foot and is 60 feet high, the clock tower extends another 40 feet. This clock tower was a gift of the Red Oak Monday Club. Since 1890 the courthouse has become the centerpiece of Red Oak and Montgomery County. On July 2, 1981, the Montgomery County Courthouse was entered in the National Register of Historic Places. A brief ceremony and an open house were held. 1984 saw the completion of the elevator to assist the handicapped and elderly with access to all levels of the courthouse. The elevator reduced the double stairway leading to the second and third floors and the basement to a single stairway. The project also included a new entrance on the south side of the building.
Montgomery County Iowa Farmland Sales Resources
- Montgomery County Iowa Website
- Montgomery County Assessor GIS Website
- Land Prices on our Iowa Farmland Prices Heatmap
- Free E-Book on How to Sell Land
- Find an Iowa Estate Attorney
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.
