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North Central Plains (LMA 12)
Rural Land Prices

Counties: Archer, Baylor, Clay, Foard, Hardeman, Haskell, Jack, Knox, Shackelford, Stephens, Throckmorton, Wichita, Wilbarger, Young

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 160 130 - - 130 - -
1967 160 144 11 11 140 8 8
1968 160 145 1 6 135 -3 2
1969 160 150 3 5 133 -1 1
1970 160 159 6 5 134 1 1
1971 158 150 -6 3 120 -10 -1
1972 160 175 17 5 134 12 1
1973 164 208 19 7 151 13 2
1974 160 252 21 9 168 11 3
1975 160 275 9 9 168 0 3
1976 160 302 10 9 174 4 3
1977 160 333 10 9 181 4 3
1978 146 376 13 9 191 6 3
1979 137 400 6 9 187 -2 3
1980 160 500 25 10 214 15 4
1981 160 562 12 10 220 3 4
1982 160 560 0 10 207 -6 3
1983 160 550 -2 9 195 -6 2
1984 160 575 5 9 197 1 2
1985 160 569 -1 8 189 -4 2
1986 148 514 -10 7 167 -12 1
1987 151 450 -13 6 142 -15 0
1988 160 444 -1 6 136 -5 0
1989 160 400 -10 5 118 -13 0
1990 162 398 -1 5 113 -4 -1
1991 173 391 -2 5 107 -5 -1
1992 168 381 -3 4 102 -5 -1
1993 160 379 0 4 99 -3 -1
1994 160 403 6 4 103 4 -1
1995 174 402 0 4 101 -2 -1
1996 160 450 12 4 111 10 -1
1997 179 460 2 4 112 0 0
1998 150 403 -12 4 97 -13 -1
1999 160 548 36 4 130 34 0
2000 160 625 14 5 145 12 0
2001 150 596 -5 4 135 -7 0
2002 165 556 -7 4 124 -8 0
2003 152 598 7 4 130 5 0
2004 160 668 12 4 141 9 0
2005 167 850 27 5 175 24 1
2006 134 1135 34 6 227 30 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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