Texoma (LMA 22)
Rural Land Prices
Counties: Cooke, Fannin, Grayson, Montague

| 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 |
105 |
180 |
- |
- |
180 |
- |
- |
| 1967 |
104 |
200 |
11 |
11 |
194 |
8 |
8 |
| 1968 |
80 |
200 |
0 |
5 |
186 |
-4 |
2 |
| 1969 |
60 |
250 |
25 |
12 |
222 |
19 |
7 |
| 1970 |
66 |
258 |
3 |
9 |
217 |
-2 |
5 |
| 1971 |
71 |
273 |
6 |
9 |
219 |
1 |
4 |
| 1972 |
70 |
328 |
20 |
10 |
252 |
15 |
6 |
| 1973 |
85 |
482 |
47 |
15 |
350 |
39 |
10 |
| 1974 |
91 |
600 |
25 |
16 |
400 |
14 |
11 |
| 1975 |
80 |
500 |
-17 |
12 |
305 |
-24 |
6 |
| 1976 |
60 |
502 |
0 |
11 |
289 |
-5 |
5 |
| 1977 |
80 |
515 |
3 |
10 |
279 |
-4 |
4 |
| 1978 |
73 |
569 |
10 |
10 |
288 |
3 |
4 |
| 1979 |
101 |
528 |
-7 |
9 |
247 |
-14 |
2 |
| 1980 |
56 |
608 |
15 |
9 |
261 |
6 |
3 |
| 1981 |
52 |
728 |
20 |
10 |
285 |
9 |
3 |
| 1982 |
65 |
798 |
10 |
10 |
295 |
3 |
3 |
| 1983 |
61 |
900 |
13 |
10 |
320 |
9 |
3 |
| 1984 |
84 |
1000 |
11 |
10 |
343 |
7 |
4 |
| 1985 |
86 |
1000 |
0 |
9 |
332 |
-3 |
3 |
| 1986 |
62 |
950 |
-5 |
9 |
309 |
-7 |
3 |
| 1987 |
64 |
890 |
-6 |
8 |
282 |
-9 |
2 |
| 1988 |
96 |
782 |
-12 |
7 |
239 |
-15 |
1 |
| 1989 |
80 |
700 |
-11 |
6 |
207 |
-14 |
1 |
| 1990 |
79 |
734 |
5 |
6 |
208 |
1 |
1 |
| 1991 |
77 |
666 |
-9 |
5 |
183 |
-12 |
0 |
| 1992 |
97 |
704 |
6 |
5 |
189 |
3 |
0 |
| 1993 |
80 |
680 |
-3 |
5 |
178 |
-6 |
0 |
| 1994 |
92 |
738 |
8 |
5 |
189 |
6 |
0 |
| 1995 |
80 |
750 |
2 |
5 |
189 |
0 |
0 |
| 1996 |
78 |
800 |
7 |
5 |
198 |
5 |
0 |
| 1997 |
90 |
956 |
20 |
6 |
232 |
18 |
1 |
| 1998 |
94 |
1082 |
13 |
6 |
260 |
12 |
1 |
| 1999 |
97 |
1100 |
2 |
6 |
260 |
0 |
1 |
| 2000 |
78 |
1506 |
37 |
6 |
349 |
34 |
2 |
| 2001 |
96 |
1772 |
18 |
7 |
401 |
15 |
2 |
| 2002 |
62 |
1736 |
-2 |
6 |
386 |
-4 |
2 |
| 2003 |
78 |
1950 |
12 |
7 |
425 |
10 |
2 |
| 2004 |
75 |
2033 |
4 |
7 |
431 |
1 |
2 |
| 2005 |
49 |
2675 |
32 |
7 |
550 |
28 |
3 |
| 2006 |
49 |
3200 |
20 |
7 |
639 |
16 |
3 |
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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