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Piney Woods - North (LMA 30)
Rural Land Prices

Counties: Anderson, Cherokee, Gregg, Harrison, Henderson, Houston, Nacogdoches, Panola, Rusk, Shelby, Smith

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 74 160 - - 160 - -
1967 76 175 9 - 170 6 -
1968 66 239 37 - 222 31 -
1969 80 251 5 - 222 0 -
1970 80 250 0 - 210 -5 -
1971 76 300 20 13 240 14 8
1972 88 350 17 15 269 12 10
1973 104 448 28 13 326 21 8
1974 98 543 21 17 362 11 10
1975 83 500 -8 15 305 -16 8
1976 96 550 10 13 317 4 6
1977 76 600 9 11 325 3 4
1978 96 650 8 8 329 1 0
1979 90 720 11 6 337 2 -1
1980 85 850 18 11 365 8 4
1981 96 950 12 12 372 2 3
1982 72 1170 23 14 432 16 6
1983 80 1050 -10 10 373 -14 3
1984 83 1200 14 11 411 10 4
1985 86 1152 -4 6 383 -7 1
1986 75 1068 -7 2 347 -9 -1
1987 85 932 -13 -4 295 -15 -7
1988 76 917 -2 -3 281 -5 -6
1989 79 882 -4 -6 260 -7 -9
1990 86 851 -3 -6 242 -7 -9
1991 94 800 -6 -6 220 -9 -9
1992 98 800 0 -3 215 -2 -6
1993 91 777 -3 -3 204 -5 -6
1994 88 850 9 -1 218 7 -3
1995 68 895 5 1 225 3 -1
1996 67 900 1 2 222 -1 0
1997 67 1000 11 5 243 9 3
1998 65 1033 3 6 248 2 4
1999 58 1149 11 6 272 10 5
2000 80 987 -14 2 229 -16 0
2001 53 1224 24 6 277 21 5
2002 63 1157 -6 3 258 -7 1
2003 60 1404 21 6 306 19 4
2004 53 1588 13 7 336 10 4
2005 71 1823 15 13 375 11 10
2006 99 2156 18 12 428 14 9
2007 81 2500 16 17 484 13 13
2008 81 2836 13 15 536 11 12

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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