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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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