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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
5-Year
Growth
Rate
Median*
Price
per Acre
Percentage
Change
Annual
Compound
5-Year
Growth
Rate
1966 199 108 - - 108 - -
1967 181 118 9 - 114 6 -
1968 161 125 6 - 116 2 -
1969 208 141 13 - 125 7 -
1970 219 147 4 - 124 -1 -
1971 204 163 11 9 131 6 4
1972 186 200 23 11 154 18 6
1973 215 268 34 16 195 27 11
1974 237 313 17 17 209 7 11
1975 162 360 15 20 220 5 12
1976 193 350 -3 17 202 -8 9
1977 184 362 4 13 197 -3 5
1978 200 399 10 8 202 3 1
1979 180 427 7 6 200 -1 -1
1980 218 499 17 7 214 7 -1
1981 223 562 13 10 220 3 2
1982 190 650 16 12 240 9 4
1983 189 650 0 10 231 -4 3
1984 176 820 26 14 281 22 7
1985 190 900 10 13 299 7 7
1986 170 717 -20 5 233 -22 1
1987 150 676 -6 1 214 -8 -2
1988 171 604 -11 -1 185 -14 -4
1989 186 541 -10 -8 160 -14 -11
1990 212 500 -8 -11 142 -11 -14
1991 217 450 -10 -9 124 -13 -12
1992 218 500 11 -6 134 9 -9
1993 210 496 -1 -4 130 -3 -7
1994 201 548 10 0 141 8 -3
1995 165 610 11 4 153 9 2
1996 165 658 8 8 162 6 6
1997 171 720 9 8 175 8 5
1998 200 704 -2 7 169 -3 5
1999 140 850 21 9 201 19 7
2000 181 975 15 10 226 12 8
2001 135 1100 13 11 249 10 9
2002 172 1200 9 11 267 7 9
2003 161 1300 8 13 283 6 11
2004 156 1448 11 11 307 8 9
2005 148 1791 24 13 368 20 10
2006 135 2250 26 15 447 21 12
2007 100 3000 33 20 580 30 17
2008 88 3202 7 20 606 4 16

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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