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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
Growth
Rate
From 1966
Median*
Price
per Acre
Percentage
Change
Annual
Compound
Growth
Rate
From 1966
1966 320 196 - - 196 - -
1967 320 208 6 6 202 3 3
1968 320 188 -10 -2 175 -13 -6
1969 282 200 6 1 177 1 -3
1970 320 232 16 4 195 10 0
1971 281 192 -17 0 154 -21 -5
1972 320 209 9 1 161 4 -3
1973 440 212 2 1 155 -4 -3
1974 400 287 35 5 192 24 0
1975 320 400 39 8 244 27 2
1976 320 417 4 8 240 -1 2
1977 320 416 0 7 226 -6 1
1978 320 359 -14 5 182 -19 -1
1979 608 450 25 7 210 16 1
1980 640 512 14 7 220 4 1
1981 320 612 20 8 240 9 1
1982 320 525 -14 6 194 -19 0
1983 320 327 -38 3 116 -40 -3
1984 320 387 18 4 133 14 -2
1985 320 450 16 4 150 13 -1
1986 321 306 -32 2 100 -33 -3
1987 326 275 -10 2 87 -13 -4
1988 640 350 27 3 107 23 -3
1989 471 300 -14 2 89 -17 -3
1990 322 372 24 3 106 19 -3
1991 635 305 -18 2 84 -21 -3
1992 480 375 23 3 101 20 -3
1993 617 350 -7 2 92 -9 -3
1994 427 402 15 3 103 12 -2
1995 335 364 -9 2 92 -11 -3
1996 440 432 19 3 107 16 -2
1997 482 385 -11 2 94 -12 -2
1998 320 357 -7 2 86 -8 -3
1999 369 350 -2 2 83 -3 -3
2000 421 400 14 2 93 12 -2
2001 640 304 -24 1 69 -26 -3
2002 640 469 54 2 104 52 -2
2003 407 364 -22 2 79 -24 -2
2004 370 500 37 2 106 33 -2
2005 627 550 10 3 113 7 -1
2006 480 651 18 3 130 15 -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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