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Houston (LMA 28)
Rural Land Prices

Counties: Austin, Brazoria, Chambers, Fort Bend, Galveston, Hardin, Harris, Jefferson, Liberty, Montgomery, Orange, San Jacinto, Walker, Waller

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 92 404 - - 404 - -
1967 114 395 -2 -2 383 -5 -5
1968 113 475 20 8 442 15 5
1969 122 485 2 6 430 -3 2
1970 176 600 24 10 505 17 6
1971 140 501 -16 4 402 -20 0
1972 122 595 19 7 457 14 2
1973 121 1060 78 15 771 69 10
1974 116 1502 42 18 1003 30 12
1975 111 1000 -33 11 610 -39 5
1976 122 1090 9 10 628 3 5
1977 106 1140 5 10 618 -2 4
1978 125 1306 15 10 661 7 4
1979 88 1500 15 11 702 6 4
1980 85 1688 13 11 724 3 4
1981 94 2212 31 12 867 20 5
1982 58 2500 13 12 924 6 5
1983 84 2600 4 12 924 0 5
1984 67 2665 2 11 913 -1 5
1985 58 2699 1 11 897 -2 4
1986 73 2000 -26 8 651 -27 2
1987 64 1800 -10 7 570 -12 2
1988 76 1446 -20 6 443 -22 0
1989 70 1467 1 6 433 -2 0
1990 60 1566 7 6 445 3 0
1991 65 1542 -2 6 423 -5 0
1992 59 1302 -16 5 349 -17 -1
1993 83 1175 -10 4 308 -12 -1
1994 71 1200 2 4 308 0 -1
1995 59 1400 17 4 352 14 0
1996 68 1855 32 5 458 30 0
1997 71 1800 -3 5 437 -5 0
1998 56 2180 21 5 524 20 1
1999 51 2497 15 6 591 13 1
2000 42 2498 0 6 579 -2 1
2001 39 3000 20 6 679 17 1
2002 42 2662 -11 5 593 -13 1
2003 30 3675 38 6 800 35 2
2004 40 4012 9 6 850 6 2
2005 45 4525 13 6 930 9 2
2006 32 6000 33 7 1198 29 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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