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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
5-Year
Growth
Rate
Median*
Price
per Acre
Percentage
Change
Annual
Compound
5-Year
Growth
Rate
1966 160 130 - - 130 - -
1967 160 144 11 - 140 8 -
1968 160 145 1 - 135 -3 -
1969 160 150 3 - 133 -1 -
1970 160 159 6 - 134 1 -
1971 158 150 -6 3 120 -10 -1
1972 160 175 17 4 134 12 -1
1973 164 208 19 7 151 13 2
1974 160 252 21 11 168 11 5
1975 160 275 9 12 168 0 5
1976 160 301 9 15 174 3 8
1977 160 333 11 14 181 4 6
1978 146 376 13 13 191 6 5
1979 135 400 6 10 187 -2 2
1980 160 500 25 13 214 15 5
1981 160 562 12 13 220 3 5
1982 160 560 0 11 207 -6 3
1983 160 550 -2 8 195 -6 0
1984 160 575 5 8 197 1 1
1985 160 569 -1 3 189 -4 -2
1986 148 514 -10 -2 167 -12 -5
1987 151 450 -13 -4 142 -15 -7
1988 160 433 -4 -5 133 -7 -7
1989 160 400 -8 -7 118 -11 -10
1990 164 395 -1 -7 112 -5 -10
1991 173 391 -1 -5 107 -4 -9
1992 167 383 -2 -3 103 -4 -6
1993 160 379 -1 -3 99 -3 -6
1994 160 403 6 0 103 4 -3
1995 173 404 0 0 102 -2 -2
1996 160 450 11 3 111 9 1
1997 179 460 2 4 112 0 2
1998 150 403 -12 1 97 -13 -1
1999 160 548 36 6 130 34 5
2000 160 625 14 9 145 12 7
2001 150 596 -5 6 135 -7 4
2002 165 565 -5 4 126 -7 2
2003 152 600 6 8 131 4 6
2004 160 671 12 4 142 9 2
2005 162 850 27 6 175 23 4
2006 131 1110 31 13 221 26 10
2007 159 1500 35 22 290 32 18
2008 161 1407 -6 19 266 -8 15

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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