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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