Panhandle-North (LMA 1)
Rural Land Prices
Counties: Dallam, Hansford, Hartley, Moore, Ochiltree, Sherman

| Year |
Median Tract Size (acres) |
Nominal |
Real |
Median* Price Per Acre |
Percentage Change |
Annual Compound 5-Year Growth Rate |
Median* Price per Acre |
Percentage Change |
Annual Compound 5-Year Growth Rate |
| 1966 |
320 |
196 |
- |
- |
196 |
- |
- |
| 1967 |
320 |
208 |
6 |
- |
202 |
3 |
- |
| 1968 |
320 |
188 |
-10 |
- |
175 |
-14 |
- |
| 1969 |
282 |
200 |
6 |
- |
177 |
1 |
- |
| 1970 |
320 |
232 |
16 |
- |
195 |
10 |
- |
| 1971 |
281 |
192 |
-17 |
0 |
154 |
-21 |
-5 |
| 1972 |
320 |
209 |
9 |
0 |
161 |
4 |
-5 |
| 1973 |
440 |
212 |
2 |
2 |
155 |
-4 |
-2 |
| 1974 |
400 |
287 |
35 |
7 |
192 |
24 |
2 |
| 1975 |
320 |
400 |
39 |
12 |
244 |
27 |
5 |
| 1976 |
320 |
417 |
4 |
17 |
240 |
-1 |
9 |
| 1977 |
320 |
416 |
0 |
15 |
226 |
-6 |
7 |
| 1978 |
320 |
359 |
-14 |
11 |
182 |
-19 |
3 |
| 1979 |
608 |
450 |
25 |
9 |
210 |
16 |
2 |
| 1980 |
640 |
512 |
14 |
5 |
220 |
4 |
-2 |
| 1981 |
320 |
612 |
20 |
8 |
240 |
9 |
0 |
| 1982 |
320 |
525 |
-14 |
5 |
194 |
-19 |
-3 |
| 1983 |
320 |
327 |
-38 |
-2 |
116 |
-40 |
-9 |
| 1984 |
321 |
362 |
11 |
-4 |
124 |
7 |
-10 |
| 1985 |
320 |
450 |
24 |
-3 |
150 |
20 |
-7 |
| 1986 |
321 |
306 |
-32 |
-13 |
100 |
-33 |
-16 |
| 1987 |
326 |
275 |
-10 |
-12 |
87 |
-13 |
-15 |
| 1988 |
640 |
350 |
27 |
1 |
107 |
23 |
-2 |
| 1989 |
471 |
300 |
-14 |
-4 |
89 |
-17 |
-7 |
| 1990 |
322 |
372 |
24 |
-4 |
106 |
19 |
-7 |
| 1991 |
635 |
305 |
-18 |
0 |
84 |
-21 |
-3 |
| 1992 |
480 |
375 |
23 |
6 |
101 |
20 |
3 |
| 1993 |
617 |
350 |
-7 |
0 |
92 |
-9 |
-3 |
| 1994 |
427 |
402 |
15 |
6 |
103 |
12 |
3 |
| 1995 |
335 |
364 |
-9 |
0 |
92 |
-11 |
-3 |
| 1996 |
440 |
432 |
19 |
7 |
107 |
16 |
5 |
| 1997 |
482 |
385 |
-11 |
1 |
94 |
-12 |
-1 |
| 1998 |
320 |
356 |
-8 |
0 |
86 |
-9 |
-1 |
| 1999 |
369 |
350 |
-2 |
-3 |
83 |
-3 |
-4 |
| 2000 |
451 |
402 |
15 |
2 |
93 |
12 |
0 |
| 2001 |
640 |
304 |
-24 |
-7 |
69 |
-26 |
-8 |
| 2002 |
640 |
472 |
55 |
4 |
105 |
53 |
2 |
| 2003 |
467 |
380 |
-19 |
1 |
83 |
-21 |
-1 |
| 2004 |
399 |
494 |
30 |
7 |
105 |
26 |
5 |
| 2005 |
625 |
537 |
9 |
6 |
110 |
6 |
3 |
| 2006 |
480 |
651 |
21 |
16 |
129 |
17 |
13 |
| 2007 |
640 |
728 |
12 |
9 |
141 |
9 |
6 |
| 2008 |
640 |
1011 |
39 |
22 |
191 |
36 |
18 |
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.
|