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Northeast (LMA 29)
Rural Land Prices

Counties: Bowie, Camp, Cass, Delta, Franklin, Hopkins, Lamar, Marion, Morris, Red River, Titus, Upshur, Wood

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 94 130 - - 130 - -
1967 90 150 15 15 145 12 12
1968 60 190 27 21 177 21 17
1969 60 194 2 14 172 -2 10
1970 62 212 9 13 179 4 8
1971 68 242 14 13 194 8 8
1972 63 250 3 12 192 -1 7
1973 76 340 36 15 248 29 10
1974 78 380 12 14 254 2 9
1975 62 416 10 14 254 0 8
1976 63 434 4 13 250 -2 7
1977 70 450 4 12 244 -2 6
1978 76 525 17 12 266 9 6
1979 80 550 5 12 257 -3 5
1980 79 625 14 12 268 4 5
1981 70 763 22 13 299 12 6
1982 86 790 4 12 292 -2 5
1983 80 800 1 11 284 -3 5
1984 78 882 10 11 302 6 5
1985 73 891 1 11 296 -2 4
1986 75 800 -10 10 260 -12 4
1987 81 650 -19 8 206 -21 2
1988 88 587 -10 7 180 -13 1
1989 94 516 -12 6 152 -15 1
1990 85 575 11 6 163 7 1
1991 70 628 9 7 172 6 1
1992 73 630 0 6 169 -2 1
1993 84 550 -13 5 144 -15 0
1994 81 578 5 5 148 3 0
1995 67 610 6 5 153 4 1
1996 86 703 15 6 174 13 1
1997 87 736 5 6 179 3 1
1998 89 760 3 6 183 2 1
1999 83 825 9 6 195 7 1
2000 80 800 -3 5 185 -5 1
2001 70 970 21 6 220 18 2
2002 79 851 -12 5 189 -14 1
2003 71 850 0 5 185 -2 1
2004 88 926 9 5 196 6 1
2005 78 1201 30 6 247 26 2
2006 72 1374 14 6 274 11 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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