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Statewide
Rural Land Prices

Counties: Texas

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 120 157 - - 157 - -
1967 110 169 8 8 164 4 4
1968 101 181 7 7 168 2 3
1969 100 190 5 7 168 0 2
1970 107 204 7 7 172 2 2
1971 110 213 4 6 171 -1 2
1972 120 233 9 7 179 5 2
1973 153 304 30 10 221 23 5
1974 150 372 22 11 248 12 6
1975 126 384 3 10 234 -6 5
1976 128 412 7 10 238 2 4
1977 121 436 6 10 236 -1 4
1978 126 485 11 10 246 4 4
1979 132 544 12 10 254 3 4
1980 138 613 13 10 263 4 4
1981 124 708 15 11 278 6 4
1982 105 773 9 10 286 3 4
1983 113 796 3 10 283 -1 4
1984 125 842 6 10 288 2 3
1985 118 865 3 9 288 0 3
1986 113 714 -17 8 232 -19 2
1987 130 611 -14 7 193 -17 1
1988 139 574 -6 6 176 -9 1
1989 141 562 -2 6 166 -6 0
1990 135 539 -4 5 153 -8 0
1991 138 508 -6 5 139 -9 0
1992 145 499 -2 5 134 -4 -1
1993 140 503 1 4 132 -1 -1
1994 136 544 8 5 140 6 0
1995 122 586 8 5 147 5 0
1996 111 638 9 5 158 7 0
1997 139 657 3 5 160 1 0
1998 139 723 10 5 174 9 0
1999 120 786 9 5 186 7 1
2000 117 842 7 5 195 5 1
2001 101 945 12 5 214 10 1
2002 107 974 3 5 217 1 1
2003 100 1097 13 5 239 10 1
2004 102 1274 16 6 270 13 1
2005 100 1483 16 6 305 13 2
2006 99 1825 23 6 364 19 2

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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