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Hill Country - North (LMA 14)
Rural Land Prices

Counties: Hamilton, McCulloch, Mills, Lampasas, San Saba

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 199 108 - - 108 - -
1967 181 118 9 9 114 6 6
1968 161 125 6 8 116 2 4
1969 208 141 13 9 125 7 5
1970 219 147 4 8 124 -1 3
1971 204 163 11 9 131 6 4
1972 186 200 23 11 154 18 6
1973 215 268 34 14 195 27 9
1974 240 312 17 14 209 7 9
1975 162 360 15 14 220 5 8
1976 193 350 -3 12 202 -8 6
1977 184 362 4 12 197 -3 6
1978 200 399 10 12 202 3 5
1979 180 427 7 11 200 -1 5
1980 218 499 17 12 214 7 5
1981 223 562 13 12 220 3 5
1982 190 650 16 12 240 9 5
1983 189 650 0 11 231 -4 5
1984 176 820 26 12 281 22 5
1985 190 900 10 12 299 7 6
1986 170 717 -20 10 233 -22 4
1987 150 676 -6 9 214 -8 3
1988 174 582 -14 8 178 -17 2
1989 186 541 -7 7 160 -10 2
1990 201 500 -8 7 142 -11 1
1991 217 450 -10 6 124 -13 1
1992 197 500 11 6 134 9 1
1993 210 496 -1 6 130 -3 1
1994 201 545 10 6 140 7 1
1995 165 610 12 6 153 10 1
1996 165 658 8 6 162 6 1
1997 172 721 10 6 175 8 2
1998 200 704 -2 6 169 -3 1
1999 140 850 21 6 201 19 2
2000 181 975 15 7 226 12 2
2001 135 1100 13 7 249 10 2
2002 171 1200 9 7 267 7 3
2003 163 1265 5 7 275 3 3
2004 160 1448 14 7 307 11 3
2005 159 1751 21 7 360 17 3
2006 135 2250 28 8 449 25 4

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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