Fort Worth Prairie (LMA 23)
Rural Land Prices
Counties: Hood, Johnson, Palo Pinto, Parker, Somervell, Tarrant, Wise

| 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 |
75 |
225 |
- |
- |
225 |
- |
- |
| 1967 |
61 |
260 |
16 |
16 |
252 |
12 |
12 |
| 1968 |
60 |
295 |
13 |
15 |
274 |
9 |
10 |
| 1969 |
54 |
360 |
22 |
17 |
319 |
16 |
12 |
| 1970 |
49 |
350 |
-3 |
12 |
295 |
-8 |
7 |
| 1971 |
42 |
434 |
24 |
14 |
348 |
18 |
9 |
| 1972 |
40 |
450 |
4 |
12 |
346 |
-1 |
7 |
| 1973 |
72 |
503 |
12 |
12 |
366 |
6 |
7 |
| 1974 |
68 |
666 |
32 |
15 |
444 |
21 |
9 |
| 1975 |
64 |
691 |
4 |
13 |
421 |
-5 |
7 |
| 1976 |
54 |
792 |
15 |
13 |
457 |
8 |
7 |
| 1977 |
40 |
839 |
6 |
13 |
455 |
0 |
7 |
| 1978 |
47 |
950 |
13 |
13 |
481 |
6 |
7 |
| 1979 |
50 |
908 |
-4 |
11 |
425 |
-12 |
5 |
| 1980 |
76 |
831 |
-8 |
10 |
356 |
-16 |
3 |
| 1981 |
75 |
1000 |
20 |
10 |
392 |
10 |
4 |
| 1982 |
52 |
1236 |
24 |
11 |
457 |
16 |
5 |
| 1983 |
63 |
1178 |
-5 |
10 |
419 |
-8 |
4 |
| 1984 |
105 |
1350 |
15 |
10 |
462 |
10 |
4 |
| 1985 |
75 |
1500 |
11 |
11 |
499 |
8 |
4 |
| 1986 |
64 |
1700 |
13 |
11 |
553 |
11 |
5 |
| 1987 |
54 |
1481 |
-13 |
9 |
469 |
-15 |
4 |
| 1988 |
54 |
1550 |
5 |
9 |
475 |
1 |
3 |
| 1989 |
58 |
1300 |
-16 |
8 |
384 |
-19 |
2 |
| 1990 |
72 |
1097 |
-16 |
7 |
312 |
-19 |
1 |
| 1991 |
86 |
945 |
-14 |
6 |
259 |
-17 |
1 |
| 1992 |
76 |
959 |
1 |
6 |
257 |
-1 |
1 |
| 1993 |
98 |
1229 |
28 |
6 |
322 |
25 |
1 |
| 1994 |
69 |
1250 |
2 |
6 |
321 |
0 |
1 |
| 1995 |
69 |
1200 |
-4 |
6 |
302 |
-6 |
1 |
| 1996 |
52 |
1650 |
38 |
7 |
407 |
35 |
2 |
| 1997 |
58 |
1800 |
9 |
7 |
437 |
7 |
2 |
| 1998 |
56 |
2000 |
11 |
7 |
480 |
10 |
2 |
| 1999 |
50 |
2500 |
25 |
8 |
592 |
23 |
3 |
| 2000 |
50 |
2350 |
-6 |
7 |
545 |
-8 |
3 |
| 2001 |
34 |
3000 |
28 |
8 |
679 |
25 |
3 |
| 2002 |
50 |
2584 |
-14 |
7 |
575 |
-15 |
3 |
| 2003 |
37 |
3256 |
26 |
7 |
709 |
23 |
3 |
| 2004 |
40 |
3710 |
14 |
8 |
786 |
11 |
3 |
| 2005 |
31 |
4250 |
15 |
8 |
874 |
11 |
4 |
| 2006 |
32 |
5274 |
20 |
8 |
1016 |
16 |
4 |
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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