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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
5-Year
Growth
Rate
Median*
Price
per Acre
Percentage
Change
Annual
Compound
5-Year
Growth
Rate
1966 105 180 - - 180 - -
1967 104 200 11 - 194 8 -
1968 81 200 0 - 186 -4 -
1969 60 250 25 - 222 19 -
1970 66 258 3 - 217 -2 -
1971 71 273 6 9 219 1 4
1972 70 328 20 10 252 15 5
1973 85 482 47 19 350 39 13
1974 91 600 25 19 400 14 13
1975 80 500 -17 14 305 -24 7
1976 60 502 0 13 289 -5 6
1977 80 515 3 9 279 -4 2
1978 73 569 10 3 288 3 -4
1979 102 534 -6 -2 250 -13 -9
1980 56 608 14 4 261 4 -3
1981 52 728 20 8 285 9 0
1982 65 798 10 9 295 3 1
1983 61 900 13 10 320 9 2
1984 84 1000 11 13 343 7 7
1985 86 1000 0 10 332 -3 5
1986 62 950 -5 5 309 -7 2
1987 64 890 -6 2 282 -9 -1
1988 97 779 -13 -3 238 -15 -6
1989 80 700 -10 -7 207 -13 -10
1990 80 728 4 -6 207 0 -9
1991 82 665 -9 -7 183 -12 -10
1992 94 705 6 -5 189 4 -8
1993 80 680 -4 -3 178 -6 -6
1994 92 738 8 1 189 6 -2
1995 80 750 2 1 189 0 -2
1996 78 800 7 4 198 5 2
1997 90 956 20 6 232 18 4
1998 94 1082 13 10 260 12 8
1999 97 1102 2 8 261 0 7
2000 77 1509 37 15 350 34 13
2001 96 1772 17 17 401 15 15
2002 61 1714 -3 12 382 -5 10
2003 77 2000 17 13 436 14 11
2004 75 2033 2 13 431 -1 11
2005 45 2700 33 12 555 29 10
2006 49 3200 19 13 636 15 10
2007 49 3200 0 13 619 -3 10
2008 42 3900 22 14 738 19 11

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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