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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
Growth
Rate
From 1966
Median*
Price
per Acre
Percentage
Change
Annual
Compound
Growth
Rate
From 1966
1966 582 94 - - 94 - -
1967 231 150 60 60 145 55 55
1968 244 165 10 32 153 5 28
1969 174 149 -10 17 132 -14 12
1970 188 190 28 19 160 21 14
1971 239 250 32 22 200 25 16
1972 822 186 -26 12 143 -29 7
1973 362 316 70 19 230 61 14
1974 486 375 19 19 250 9 13
1975 389 324 -14 15 198 -21 9
1976 600 410 27 16 236 20 10
1977 255 400 -2 14 217 -8 8
1978 168 400 0 13 203 -7 7
1979 314 541 35 14 253 25 8
1980 360 586 8 14 252 -1 7
1981 298 662 13 14 260 3 7
1982 308 782 18 14 289 11 7
1983 178 775 -1 13 275 -5 7
1984 386 712 -8 12 244 -11 5
1985 324 825 16 12 274 12 6
1986 264 678 -18 10 220 -20 4
1987 251 650 -4 10 206 -7 4
1988 303 471 -28 8 144 -30 2
1989 235 545 16 8 161 11 2
1990 305 464 -15 7 132 -18 1
1991 300 450 -3 6 124 -6 1
1992 216 565 26 7 152 23 2
1993 250 439 -22 6 115 -24 1
1994 311 500 14 6 128 12 1
1995 302 600 20 7 151 18 2
1996 260 638 6 7 157 4 2
1997 315 559 -12 6 136 -14 1
1998 295 696 24 6 167 23 2
1999 339 714 3 6 169 1 2
2000 217 830 16 7 192 14 2
2001 296 800 -4 6 181 -6 2
2002 181 970 21 7 216 19 2
2003 247 1098 13 7 239 11 3
2004 240 1397 27 7 296 24 3
2005 161 1550 11 7 319 8 3
2006 206 1994 29 8 398 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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