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Hill Country - West (LMA 15)
Rural Land Prices

Counties: Kimble, Menard, Real

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 582 94 - - 94 - -
1967 231 150 60 - 145 55 -
1968 244 165 10 - 153 5 -
1969 174 149 -10 - 132 -14 -
1970 188 190 28 - 160 21 -
1971 239 250 32 22 200 25 16
1972 822 186 -26 4 143 -29 0
1973 362 316 70 14 230 61 8
1974 486 375 19 20 250 9 14
1975 389 324 -14 11 198 -21 4
1976 600 410 27 10 236 20 3
1977 255 400 -2 17 217 -8 9
1978 162 400 0 5 203 -7 -2
1979 314 541 35 8 253 25 0
1980 360 586 8 13 252 -1 5
1981 298 662 13 10 260 3 2
1982 308 782 18 14 289 11 6
1983 178 775 -1 14 275 -5 6
1984 386 712 -8 6 244 -11 -1
1985 324 825 16 7 274 12 2
1986 264 678 -18 0 220 -20 -3
1987 251 650 -4 -4 206 -7 -7
1988 349 457 -30 -10 140 -32 -13
1989 226 546 19 -5 161 15 -8
1990 305 464 -15 -11 132 -18 -14
1991 252 450 -3 -8 124 -6 -11
1992 216 565 26 -3 152 23 -6
1993 250 439 -22 -1 115 -24 -4
1994 311 500 14 -2 128 12 -4
1995 302 600 20 5 151 18 3
1996 260 638 6 7 157 4 5
1997 315 559 -12 0 136 -14 -2
1998 295 696 24 10 167 23 8
1999 339 714 3 7 169 1 6
2000 217 830 16 7 192 14 5
2001 296 800 -4 5 181 -6 3
2002 181 970 21 12 216 19 10
2003 246 1094 13 9 238 10 7
2004 230 1400 28 14 296 24 12
2005 155 1550 11 13 319 7 11
2006 206 1993 29 20 396 24 17
2007 109 2629 32 22 509 28 19
2008 72 3000 14 22 568 12 19

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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