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Dallas Prairie (LMA 24)
Rural Land Prices

Counties: Collin, Dallas, Denton, Ellis, Hunt, Kaufman, Rains, Rockwall, Van Zandt

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 78 235 - - 235 - -
1967 79 239 2 2 232 -1 -1
1968 63 285 19 10 265 14 6
1969 60 326 14 11 288 9 7
1970 60 366 13 12 308 7 7
1971 64 400 9 11 321 4 6
1972 85 550 38 15 423 32 10
1973 88 600 9 14 437 3 9
1974 83 945 58 19 631 44 13
1975 60 750 -21 14 457 -27 8
1976 56 706 -6 12 407 -11 6
1977 54 737 4 11 400 -2 5
1978 54 802 9 11 406 2 5
1979 61 916 14 11 428 5 5
1980 73 1000 9 11 429 0 4
1981 60 1073 7 11 421 -2 4
1982 62 1250 16 11 462 10 4
1983 54 1264 1 10 449 -3 4
1984 69 1463 16 11 501 12 4
1985 72 1500 3 10 499 0 4
1986 52 1737 16 11 565 13 4
1987 53 1500 -14 9 475 -16 3
1988 84 1200 -20 8 367 -23 2
1989 74 1225 2 7 361 -2 2
1990 73 1000 -18 6 284 -21 1
1991 77 971 -3 6 266 -6 1
1992 76 907 -7 5 243 -9 0
1993 70 1000 10 6 262 8 0
1994 69 1118 12 6 287 9 1
1995 70 1133 1 6 285 -1 1
1996 55 1378 22 6 340 19 1
1997 65 1273 -8 6 309 -9 1
1998 63 1400 10 6 336 9 1
1999 53 1621 16 6 384 14 1
2000 53 1900 17 6 440 15 2
2001 49 2000 5 6 453 3 2
2002 51 2000 0 6 445 -2 2
2003 51 2435 22 7 530 19 2
2004 48 2780 14 7 589 11 2
2005 50 3359 21 7 691 17 3
2006 40 4400 31 8 879 27 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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