Home      News Publications Data Resources Home
   Data
Building permits
Employment
Home Sales
Housing Affordability
Population
Rural Land

 

Market Reports
Texas Cities...



Panhandle-Central (LMA 2)
Rural Land Prices

Counties: Armstrong, Briscoe, Carson, Castro, Deaf Smith, Gray, Parmer, Randall, Swisher

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 316 262 - - 262 - -
1967 270 267 2 2 259 -1 -1
1968 240 275 3 2 256 -1 -1
1969 230 280 2 2 248 -3 -2
1970 221 256 -8 -1 216 -13 -5
1971 297 273 6 1 219 1 -4
1972 244 250 -8 -1 192 -12 -5
1973 240 325 30 3 236 23 -1
1974 276 313 -4 2 209 -12 -3
1975 318 350 12 3 213 2 -2
1976 286 350 0 3 202 -5 -3
1977 254 348 -1 3 189 -7 -3
1978 200 369 6 3 187 -1 -3
1979 300 411 11 4 192 3 -2
1980 320 419 2 3 180 -7 -3
1981 285 500 19 4 196 9 -2
1982 320 500 0 4 185 -6 -2
1983 320 400 -20 3 142 -23 -4
1984 320 406 2 2 139 -2 -3
1985 320 400 -1 2 133 -4 -4
1986 320 300 -25 1 98 -27 -5
1987 317 265 -12 0 84 -14 -5
1988 320 325 23 1 100 19 -4
1989 320 318 -2 1 94 -6 -4
1990 320 349 10 1 99 6 -4
1991 290 339 -3 1 93 -6 -4
1992 320 350 3 1 94 1 -4
1993 320 326 -7 1 85 -9 -4
1994 320 325 0 1 83 -2 -4
1995 320 301 -7 0 76 -9 -4
1996 320 378 26 1 93 23 -3
1997 320 363 -4 1 88 -6 -3
1998 323 306 -16 0 74 -16 -4
1999 320 341 11 1 81 10 -4
2000 320 344 1 1 80 -1 -3
2001 320 350 2 1 79 -1 -3
2002 320 394 12 1 88 11 -3
2003 320 450 14 1 98 12 -3
2004 320 445 -1 1 94 -4 -3
2005 331 500 12 2 103 9 -2
2006 327 550 10 2 110 7 -2

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.

 
  Solutions Through Research
News   ::   Publications   ::   Data   ::   Software   ::   Education   ::   Cybersites   ::   Store   ::   Site Map