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Canadian Breaks (LMA 5)
Rural Land Prices

Counties: Hemphill, Hutchinson, Lipscomb, Oldham, Potter, Roberts

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 339 150 - - 150 - -
1967 213 166 10 10 161 7 7
1968 240 185 12 11 172 7 7
1969 312 214 16 13 190 10 8
1970 320 125 -42 -4 105 -45 -8
1971 307 105 -16 -7 84 -20 -11
1972 320 125 19 -3 96 14 -7
1973 640 102 -18 -5 74 -23 -10
1974 324 169 66 2 113 52 -4
1975 320 200 18 3 122 8 -2
1976 530 228 14 4 131 8 -1
1977 320 250 10 5 136 3 -1
1978 320 192 -23 2 98 -28 -4
1979 328 328 70 6 153 57 0
1980 320 290 -11 5 124 -19 -1
1981 471 226 -22 3 88 -29 -3
1982 640 300 33 4 111 25 -2
1983 444 251 -16 3 89 -20 -3
1984 598 281 12 4 96 8 -2
1985 289 225 -20 2 75 -22 -4
1986 320 202 -10 2 66 -12 -4
1987 363 168 -17 1 53 -19 -5
1988 320 161 -4 0 49 -8 -5
1989 480 218 35 2 64 30 -4
1990 1092 189 -13 1 54 -16 -4
1991 640 190 0 1 52 -3 -4
1992 647 180 -5 1 48 -7 -4
1993 430 179 -1 1 47 -3 -4
1994 532 219 22 1 56 20 -3
1995 640 183 -16 1 46 -18 -4
1996 640 202 10 1 50 8 -4
1997 569 232 15 1 56 13 -3
1998 325 225 -3 1 54 -4 -3
1999 455 236 5 1 56 3 -3
2000 629 244 4 1 57 1 -3
2001 320 325 33 2 74 30 -2
2002 320 265 -18 2 59 -20 -3
2003 480 267 1 2 58 -1 -3
2004 390 373 40 2 79 36 -2
2005 640 389 4 2 80 1 -2
2006 638 471 21 3 94 18 -1

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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