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Rolling Plains - North (LMA 6)
Rural Land Prices

Counties: Childress, Collingworth, Cottle, Dickens, Donley, Hall, Kent, King, Motley, Stonewall, Wheeler

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 185 121 - - 121 - -
1967 165 120 -1 -1 116 -4 -4
1968 160 116 -4 -2 107 -8 -6
1969 160 106 -8 -4 94 -13 -8
1970 166 113 7 -2 95 1 -6
1971 280 107 -5 -2 86 -10 -7
1972 190 125 17 1 96 12 -4
1973 229 135 8 2 98 2 -3
1974 236 156 16 3 104 6 -2
1975 213 165 5 4 101 -4 -2
1976 194 187 13 4 108 7 -1
1977 200 213 14 5 115 7 0
1978 164 250 17 6 127 10 0
1979 185 259 4 6 121 -4 0
1980 170 306 18 7 131 8 1
1981 210 300 -2 6 118 -11 0
1982 169 302 1 6 112 -5 -1
1983 175 300 -1 5 107 -4 -1
1984 160 344 15 6 118 11 0
1985 160 268 -22 4 89 -25 -2
1986 195 200 -25 3 65 -27 -3
1987 172 207 4 3 66 1 -3
1988 163 214 3 3 66 0 -3
1989 205 207 -3 2 61 -7 -3
1990 210 219 6 3 62 2 -3
1991 284 204 -7 2 56 -10 -3
1992 184 217 7 2 58 4 -3
1993 247 208 -4 2 55 -6 -3
1994 238 229 10 2 59 8 -3
1995 179 250 9 3 63 7 -2
1996 250 229 -8 2 57 -10 -3
1997 239 235 3 2 57 1 -2
1998 189 250 6 2 60 5 -2
1999 274 250 0 2 59 -1 -2
2000 220 281 12 3 65 10 -2
2001 320 307 9 3 69 7 -2
2002 190 336 9 3 75 8 -1
2003 250 372 11 3 81 9 -1
2004 320 414 11 3 88 8 -1
2005 320 500 21 4 103 17 0
2006 320 625 25 4 125 21 0

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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