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Hill Country - South (LMA 17)
Rural Land Prices

Counties: Bandera, Blanco, Kendall, Kerr

Year Median
Tract Size
(acres)
Nominal Real
Median*
Price
Per Acre
Percentage
Change
Annual
Compound
Growth
Rate
From 1966
Median*
Price
per Acre
Percentage
Change
Annual
Compound
Growth
Rate
From 1966
1966 208 189 - - 189 - -
1967 159 222 18 18 216 14 14
1968 102 258 16 17 240 11 13
1969 95 256 -1 11 227 -6 6
1970 163 335 31 15 282 24 11
1971 200 368 10 14 295 5 9
1972 215 398 8 13 305 3 8
1973 376 500 26 15 364 19 10
1974 348 512 2 13 342 -6 8
1975 700 500 -2 11 305 -11 5
1976 176 860 72 16 496 63 10
1977 684 690 -20 12 374 -25 6
1978 216 725 5 12 367 -2 6
1979 474 800 10 12 374 2 5
1980 494 1158 45 14 496 33 7
1981 400 1100 -5 12 431 -13 6
1982 303 1818 65 15 672 56 8
1983 332 1602 -12 13 570 -15 7
1984 225 2300 44 15 788 38 8
1985 232 2717 18 15 903 15 9
1986 254 2000 -26 13 651 -28 6
1987 246 1706 -15 11 540 -17 5
1988 200 1934 13 11 592 10 5
1989 155 1835 -5 10 541 -9 5
1990 147 1236 -33 8 351 -35 3
1991 266 900 -27 6 247 -30 1
1992 273 1077 20 7 289 17 2
1993 234 1330 23 7 349 21 2
1994 341 1329 0 7 341 -2 2
1995 211 1846 39 8 464 36 3
1996 278 2043 11 8 505 9 3
1997 398 1857 -9 8 451 -11 3
1998 284 1511 -19 7 363 -20 2
1999 153 3426 127 9 811 123 5
2000 99 2100 -39 7 487 -40 3
2001 55 3248 55 8 735 51 4
2002 72 3500 8 8 779 6 4
2003 101 4132 18 9 900 16 4
2004 60 4910 19 9 1040 16 5
2005 52 5785 18 9 1189 14 5
2006 36 7086 22 9 1415 19 5

Source: Real Estate Center at Texas A&M University.
Note: Real values are in 1966 dollars.
* State medians are an average of the land market area medians weighted by the percentage of land in each area.

 
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