Panhandle-Central (LMA 2)
Rural Land Prices
Counties: Armstrong, Briscoe, Carson, Castro, Deaf Smith, Gray, Parmer, Randall, Swisher

| 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 |
316 |
262 |
- |
- |
262 |
- |
- |
| 1967 |
270 |
267 |
2 |
2 |
259 |
-1 |
-1 |
| 1968 |
240 |
275 |
3 |
2 |
256 |
-1 |
-1 |
| 1969 |
230 |
280 |
2 |
2 |
248 |
-3 |
-2 |
| 1970 |
221 |
256 |
-8 |
-1 |
216 |
-13 |
-5 |
| 1971 |
297 |
273 |
6 |
1 |
219 |
1 |
-4 |
| 1972 |
244 |
250 |
-8 |
-1 |
192 |
-12 |
-5 |
| 1973 |
240 |
325 |
30 |
3 |
236 |
23 |
-1 |
| 1974 |
276 |
313 |
-4 |
2 |
209 |
-12 |
-3 |
| 1975 |
318 |
350 |
12 |
3 |
213 |
2 |
-2 |
| 1976 |
286 |
350 |
0 |
3 |
202 |
-5 |
-3 |
| 1977 |
254 |
348 |
-1 |
3 |
189 |
-7 |
-3 |
| 1978 |
200 |
369 |
6 |
3 |
187 |
-1 |
-3 |
| 1979 |
300 |
411 |
11 |
4 |
192 |
3 |
-2 |
| 1980 |
320 |
419 |
2 |
3 |
180 |
-7 |
-3 |
| 1981 |
285 |
500 |
19 |
4 |
196 |
9 |
-2 |
| 1982 |
320 |
500 |
0 |
4 |
185 |
-6 |
-2 |
| 1983 |
320 |
400 |
-20 |
3 |
142 |
-23 |
-4 |
| 1984 |
320 |
406 |
2 |
2 |
139 |
-2 |
-3 |
| 1985 |
320 |
400 |
-1 |
2 |
133 |
-4 |
-4 |
| 1986 |
320 |
300 |
-25 |
1 |
98 |
-27 |
-5 |
| 1987 |
317 |
265 |
-12 |
0 |
84 |
-14 |
-5 |
| 1988 |
320 |
325 |
23 |
1 |
100 |
19 |
-4 |
| 1989 |
320 |
318 |
-2 |
1 |
94 |
-6 |
-4 |
| 1990 |
320 |
349 |
10 |
1 |
99 |
6 |
-4 |
| 1991 |
290 |
339 |
-3 |
1 |
93 |
-6 |
-4 |
| 1992 |
320 |
350 |
3 |
1 |
94 |
1 |
-4 |
| 1993 |
320 |
326 |
-7 |
1 |
85 |
-9 |
-4 |
| 1994 |
320 |
325 |
0 |
1 |
83 |
-2 |
-4 |
| 1995 |
320 |
301 |
-7 |
0 |
76 |
-9 |
-4 |
| 1996 |
320 |
378 |
26 |
1 |
93 |
23 |
-3 |
| 1997 |
320 |
363 |
-4 |
1 |
88 |
-6 |
-3 |
| 1998 |
323 |
306 |
-16 |
0 |
74 |
-16 |
-4 |
| 1999 |
320 |
341 |
11 |
1 |
81 |
10 |
-4 |
| 2000 |
320 |
344 |
1 |
1 |
80 |
-1 |
-3 |
| 2001 |
320 |
350 |
2 |
1 |
79 |
-1 |
-3 |
| 2002 |
320 |
394 |
12 |
1 |
88 |
11 |
-3 |
| 2003 |
320 |
450 |
14 |
1 |
98 |
12 |
-3 |
| 2004 |
320 |
445 |
-1 |
1 |
94 |
-4 |
-3 |
| 2005 |
331 |
500 |
12 |
2 |
103 |
9 |
-2 |
| 2006 |
327 |
550 |
10 |
2 |
110 |
7 |
-2 |
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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