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Rio Grande Plains (LMA 11)
Rural Land Prices

Counties: Brooks, Dimmit, Duval, Jim Hogg, Kenedy, La Salle, McMullen, Starr, Webb, Zapata

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 200 100 - - 100 - -
1967 470 89 -11 - 86 -14 -
1968 603 100 12 - 93 8 -
1969 625 100 0 - 89 -5 -
1970 704 120 20 - 101 14 -
1971 320 141 18 7 113 12 2
1972 338 150 6 11 115 2 6
1973 351 212 41 16 154 34 11
1974 425 230 8 18 154 0 12
1975 806 256 11 16 156 2 9
1976 672 265 4 13 153 -2 6
1977 416 312 18 16 169 11 8
1978 1120 350 12 11 177 5 3
1979 844 390 12 11 183 3 4
1980 894 451 15 12 193 6 4
1981 1481 500 11 14 196 1 5
1982 890 574 15 13 212 8 5
1983 852 630 10 12 224 5 5
1984 649 672 7 11 230 3 5
1985 403 669 0 8 222 -3 3
1986 499 550 -18 2 179 -20 -2
1987 400 450 -18 -5 142 -20 -8
1988 575 432 -4 -7 132 -7 -10
1989 729 398 -8 -10 117 -11 -13
1990 669 425 7 -9 121 3 -12
1991 539 400 -6 -6 110 -9 -9
1992 703 335 -16 -6 90 -18 -9
1993 582 388 16 -2 102 13 -5
1994 603 400 3 0 103 1 -3
1995 653 472 18 2 119 16 0
1996 698 462 -2 3 114 -4 1
1997 711 492 6 8 120 5 6
1998 662 540 10 7 130 9 5
1999 700 597 11 8 141 9 7
2000 720 645 8 6 149 6 5
2001 405 708 10 9 160 7 7
2002 585 800 13 10 178 11 8
2003 454 881 10 10 192 8 8
2004 549 945 7 10 200 4 7
2005 300 1200 27 13 247 23 11
2006 370 1460 22 16 290 18 13
2007 333 1724 18 17 333 15 13
2008 256 1845 7 16 349 5 13

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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