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Brazos (LMA 27)
Rural Land Prices

Counties: Brazos, Burleson, Grimes, Leon, Madison, Robertson, Washington

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 143 182 - - 182 - -
1967 122 210 15 - 204 12 -
1968 100 250 19 - 233 14 -
1969 111 250 0 - 222 -5 -
1970 106 282 13 - 237 7 -
1971 110 351 24 14 281 19 9
1972 128 350 0 11 269 -4 6
1973 154 500 43 15 364 35 9
1974 151 610 22 20 407 12 13
1975 111 705 16 20 430 6 13
1976 117 820 16 18 473 10 11
1977 118 800 -2 18 434 -8 10
1978 117 900 12 12 456 5 5
1979 102 1036 15 11 485 6 4
1980 153 1100 6 9 472 -3 2
1981 123 1368 24 11 536 14 3
1982 86 1750 28 17 647 21 8
1983 100 1587 -9 12 564 -13 4
1984 84 1589 0 9 544 -3 2
1985 74 1600 1 8 532 -2 2
1986 89 1275 -20 -1 415 -22 -5
1987 65 1150 -10 -8 364 -12 -11
1988 64 1144 -1 -6 350 -4 -9
1989 79 1196 5 -6 353 1 -8
1990 68 1078 -10 -8 306 -13 -10
1991 80 1134 5 -2 311 2 -6
1992 86 1100 -3 -1 295 -5 -4
1993 67 1000 -9 -3 262 -11 -6
1994 78 1000 0 -4 257 -2 -6
1995 53 1082 8 0 272 6 -2
1996 78 1154 7 0 285 5 -2
1997 64 1200 4 2 291 2 0
1998 63 1450 21 8 348 20 6
1999 70 1236 -15 4 293 -16 3
2000 43 1639 33 9 380 30 7
2001 49 1800 10 9 407 7 7
2002 50 1766 -2 8 393 -4 6
2003 40 2134 21 8 465 18 6
2004 38 2583 21 16 547 18 13
2005 39 3195 24 14 657 20 12
2006 49 4063 27 18 807 23 15
2007 39 5011 23 23 969 20 20
2008 40 5557 11 21 1051 8 18

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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