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Blacklands North (LMA 25)
Rural Land Prices

Counties: Bell, Bosque, Coryell, Falls, Freestone, Hill, Limestone, McLennan, Navarro

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 115 148 - - 148 - -
1967 108 150 1 1 145 -2 -2
1968 109 165 10 6 153 5 2
1969 98 200 21 11 177 15 6
1970 116 222 11 11 187 5 6
1971 112 237 7 10 190 2 5
1972 104 282 19 11 217 14 7
1973 124 351 24 13 255 18 8
1974 99 450 28 15 300 18 9
1975 75 475 6 14 290 -4 8
1976 94 468 -2 12 270 -7 6
1977 88 500 7 12 271 1 6
1978 98 525 5 11 266 -2 5
1979 96 575 10 11 269 1 5
1980 112 614 7 11 263 -2 4
1981 82 729 19 11 286 9 4
1982 97 800 10 11 296 3 4
1983 84 850 6 11 302 2 4
1984 105 922 8 11 316 5 4
1985 112 1000 8 11 332 5 4
1986 95 1000 0 10 325 -2 4
1987 100 844 -16 9 267 -18 3
1988 93 800 -5 8 245 -8 2
1989 96 850 6 8 251 2 2
1990 100 770 -9 7 219 -13 2
1991 107 650 -16 6 178 -18 1
1992 109 695 7 6 186 5 1
1993 106 712 2 6 187 0 1
1994 106 727 2 6 187 0 1
1995 100 802 10 6 202 8 1
1996 78 891 11 6 220 9 1
1997 97 830 -7 6 202 -8 1
1998 83 1016 22 6 244 21 2
1999 100 960 -6 6 227 -7 1
2000 91 1000 4 6 232 2 1
2001 76 1300 30 6 294 27 2
2002 80 1266 -3 6 282 -4 2
2003 92 1400 11 6 305 8 2
2004 96 1750 25 7 371 22 2
2005 92 2009 15 7 413 11 3
2006 87 2389 19 7 477 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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