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Crosstimbers (LMA 13)
Rural Land Prices

Counties: Brown, Callahan, Coleman, Comanche, Eastland, Erath

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 127 126 - - 126 - -
1967 114 135 7 7 131 4 4
1968 100 140 4 5 130 -1 2
1969 90 155 11 7 137 5 3
1970 93 160 3 6 135 -2 2
1971 86 182 13 8 145 8 3
1972 80 210 16 9 161 11 4
1973 121 267 27 11 194 20 6
1974 126 325 22 13 217 12 7
1975 136 336 3 12 205 -6 6
1976 115 353 5 11 204 -1 5
1977 100 408 16 11 221 9 5
1978 81 447 10 11 226 2 5
1979 141 467 4 11 218 -4 4
1980 160 473 1 10 203 -7 3
1981 117 600 27 11 235 16 4
1982 116 640 7 11 236 1 4
1983 132 701 10 11 249 5 4
1984 127 700 0 10 240 -4 4
1985 144 720 3 10 239 0 3
1986 155 634 -12 8 206 -14 2
1987 156 550 -13 7 174 -16 2
1988 160 476 -14 6 146 -16 1
1989 165 428 -10 5 126 -13 0
1990 159 485 13 6 138 9 0
1991 165 398 -18 5 109 -21 -1
1992 165 428 8 5 115 5 0
1993 202 450 5 5 118 3 0
1994 146 516 15 5 132 12 0
1995 163 574 11 5 144 9 0
1996 161 531 -7 5 131 -9 0
1997 163 584 10 5 142 8 0
1998 170 549 -6 5 132 -7 0
1999 148 700 28 5 166 26 1
2000 150 782 12 6 181 9 1
2001 100 996 27 6 225 24 2
2002 125 963 -3 6 214 -5 1
2003 108 1050 9 6 229 7 2
2004 136 1196 14 6 253 11 2
2005 141 1500 25 7 308 22 2
2006 121 1916 28 7 383 24 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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