Permian West (LMA 4)
Rural Land Prices

Counties: Andrews, Bailey, Cochran, Ector, Gaines, Hockley, Howard, Lamb, Martin, Midland, Terry, Yoakum

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	199	191	-	-	191	-	-
1967	177	180	-6	-6	175	-9	-9
1968	177	187	4	-1	174	0	-5
1969	177	190	2	0	168	-3	-4
1970	177	200	5	1	168	0	-3
1971	177	200	0	1	160	-5	-3
1972	177	200	0	1	154	-4	-4
1973	187	240	20	3	175	14	-1
1974	177	275	15	5	184	5	0
1975	160	284	3	5	173	-6	-1
1976	177	310	9	5	179	3	-1
1977	177	339	9	5	184	3	0
1978	179	358	5	5	181	-1	0
1979	177	450	26	7	210	16	1
1980	178	530	18	8	227	8	1
1981	173	512	-3	7	201	-12	0
1982	177	500	-2	6	185	-8	0
1983	163	562	12	7	200	8	0
1984	197	468	-17	5	160	-20	-1
1985	177	350	-25	3	116	-27	-3
1986	240	286	-18	2	93	-20	-4
1987	200	250	-13	1	79	-15	-4
1988	177	350	40	3	107	35	-3
1989	189	425	21	4	125	17	-2
1990	180	404	-5	3	115	-8	-2
1991	177	364	-10	3	100	-13	-3
1992	177	350	-4	2	94	-6	-3
1993	177	400	14	3	105	12	-2
1994	179	375	-6	2	96	-8	-2
1995	200	450	20	3	113	18	-2
1996	190	441	-2	3	109	-4	-2
1997	244	400	-9	2	97	-11	-2
1998	204	425	6	3	102	5	-2
1999	177	475	12	3	112	10	-2
2000	180	500	5	3	116	3	-1
2001	177	422	-16	2	96	-18	-2
2002	230	415	-2	2	92	-3	-2
2003	240	498	20	3	108	17	-2
2004	240	543	9	3	115	6	-1
2005	314	511	-6	3	105	-9	-2
2006	245	571	12	3	114	8	-1