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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
Growth
Rate
From 1966
Median*
Price
per Acre
Percentage
Change
Annual
Compound
Growth
Rate
From 1966
1966 200 100 - - 100 - -
1967 470 89 -11 -11 86 -14 -14
1968 603 100 12 0 93 8 -4
1969 625 100 0 0 89 -5 -4
1970 704 120 20 5 101 14 0
1971 320 141 18 7 113 12 2
1972 338 150 6 7 115 2 2
1973 348 206 37 11 150 30 6
1974 425 230 12 11 154 2 6
1975 806 256 11 11 156 2 5
1976 672 265 4 10 153 -2 4
1977 416 312 18 11 169 11 5
1978 1120 350 12 11 177 5 5
1979 844 390 12 11 183 3 5
1980 894 451 15 11 193 6 5
1981 1481 500 11 11 196 1 5
1982 890 574 15 12 212 8 5
1983 852 630 10 11 224 5 5
1984 649 672 7 11 230 3 5
1985 403 669 0 11 222 -3 4
1986 499 550 -18 9 179 -20 3
1987 400 450 -18 7 142 -20 2
1988 575 432 -4 7 132 -7 1
1989 743 394 -9 6 116 -12 1
1990 669 425 8 6 121 4 1
1991 516 400 -6 6 110 -9 0
1992 703 335 -16 5 90 -18 0
1993 582 388 16 5 102 13 0
1994 603 400 3 5 103 1 0
1995 653 472 18 5 119 16 1
1996 698 462 -2 5 114 -4 0
1997 711 492 6 5 120 5 1
1998 662 540 10 5 130 9 1
1999 700 597 11 6 141 9 1
2000 719 650 9 6 151 7 1
2001 405 708 9 6 160 6 1
2002 587 800 13 6 178 11 2
2003 442 881 10 6 192 8 2
2004 570 950 8 6 201 5 2
2005 303 1200 26 7 247 23 2
2006 371 1460 22 7 292 18 3

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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