Michigan Farmland Value Calculator
Michigan farmland is worth $7,000/acre on average (USDA NASS 2026). Calculate your farmland's total value, cap rate, and projected return using real USDA land-value data.
| Per acre | Michigan | United States |
|---|---|---|
| Farm real estate, 2026 | $7,000 | $4,500 |
| Farm real estate, 2025 | $6,800 | $4,350 |
| Farm real estate, 2022 | $5,470 | $3,720 |
| Change, 2025 to 2026 | +2.9% | +3.4% |
| Growth a year, 2022 to 2026 | 6.4% | 4.9% |
| Cropland, 2026 | $6,600 | $6,020 |
| Pasture, 2026 | $3,200 | $2,000 |
Farm real estate: land and buildings. Growth: this calculator's compound rate, its appreciation default.
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Adjust values to see instant results
Pre-filled: USDA NASS Land Values 2026 Summary
Additional Details
Pre-filled: USDA NASS (derived)
Total Land Value
Estimated • Based on your inputs
Cap Rate (Net Rent Yield)
1.86%
Projected Value After Holding Period
$2,082,736.00
Detailed Breakdown
Disclaimer: This calculator provides estimates for informational purposes only. Results should not be considered financial, tax, or legal advice. Consult a qualified professional for your specific situation.
How This Calculator Works
Calculation methodology and assumptions
Land value is acres times price; the cap rate is rent less tax and insurance over that value; the projection compounds Michigan's 6.4% a year (2022-2026) unless you change it, and adds the rent.
The full method, with what a cap rate tells you and why loans are left out
Key State Information
USDA NASS's "Land Values 2026 Summary" put Michigan's average farm real estate value (land + buildings) at $7,000/acre in 2026, up from $5,470/acre in 2022 -- a 28% increase over 4 years (a 6.4% compound annual growth rate). Michigan is part of USDA's "Lake States" reporting region.
Example Calculation
160 acres in Michigan, 120 of them cropland and 40 pasture, priced at USDA's 2026 average for each use.
120 acres at $6,600 come to $792,000 and 40 acres at $3,200 to $128,000: $920,000, or $5,750 an acre against the $7,000 average. With the page's $150 rent and $20 of tax and insurance per acre, net income is $20,800 a year, a cap rate of 2.26%; at 6.4% a year the land is worth $1,710,819 after 10 years.
Result: $920,000 for the parcel, $200,000 less than the same acres at Michigan's blended average, with a 2.26% cap rate and $1,710,819 after 10 years.
Frequently Asked Questions
How much is farmland worth per acre in Michigan?
$7,000/acre in 2026 for land and buildings together (USDA NASS, July 2026), $2,500 above the U.S. average of $4,500. By use, Michigan cropland averaged $6,600 an acre and pasture $3,200, so cropland is worth $3,400 an acre more than pasture. It ranks 1st of the 3 states in USDA's Lake States region, where the 2026 averages run from $6,700 to $7,000.
How fast has farmland appreciated in Michigan?
Michigan's USDA-measured farm real estate value rose from $5,470/acre in 2022 to $7,000/acre in 2026 -- a 28% total increase, or about 6.4% compounded annually over that 4-year span. The last year alone moved it +2.9% (from $6,800), against +3.4% for the U.S. as a whole.