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Texoma (LMA 22)
Rural Land Prices

Counties: Cooke, Fannin, Grayson, Montague

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 105 180 - - 180 - -
1967 104 200 11 11 194 8 8
1968 80 200 0 5 186 -4 2
1969 60 250 25 12 222 19 7
1970 66 258 3 9 217 -2 5
1971 71 273 6 9 219 1 4
1972 70 328 20 10 252 15 6
1973 85 482 47 15 350 39 10
1974 91 600 25 16 400 14 11
1975 80 500 -17 12 305 -24 6
1976 60 502 0 11 289 -5 5
1977 80 515 3 10 279 -4 4
1978 73 569 10 10 288 3 4
1979 101 528 -7 9 247 -14 2
1980 56 608 15 9 261 6 3
1981 52 728 20 10 285 9 3
1982 65 798 10 10 295 3 3
1983 61 900 13 10 320 9 3
1984 84 1000 11 10 343 7 4
1985 86 1000 0 9 332 -3 3
1986 62 950 -5 9 309 -7 3
1987 64 890 -6 8 282 -9 2
1988 96 782 -12 7 239 -15 1
1989 80 700 -11 6 207 -14 1
1990 79 734 5 6 208 1 1
1991 77 666 -9 5 183 -12 0
1992 97 704 6 5 189 3 0
1993 80 680 -3 5 178 -6 0
1994 92 738 8 5 189 6 0
1995 80 750 2 5 189 0 0
1996 78 800 7 5 198 5 0
1997 90 956 20 6 232 18 1
1998 94 1082 13 6 260 12 1
1999 97 1100 2 6 260 0 1
2000 78 1506 37 6 349 34 2
2001 96 1772 18 7 401 15 2
2002 62 1736 -2 6 386 -4 2
2003 78 1950 12 7 425 10 2
2004 75 2033 4 7 431 1 2
2005 49 2675 32 7 550 28 3
2006 49 3200 20 7 639 16 3

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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