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Canadian Breaks (LMA 5)
Rural Land Prices

Counties: Hemphill, Hutchinson, Lipscomb, Oldham, Potter, Roberts

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 339 150 - - 150 - -
1967 213 166 10 - 161 7 -
1968 240 185 12 - 172 7 -
1969 312 214 16 - 190 10 -
1970 320 125 -42 - 105 -45 -
1971 307 105 -16 -7 84 -20 -11
1972 320 125 19 -5 96 14 -10
1973 640 102 -18 -11 74 -23 -15
1974 324 169 66 -5 113 52 -10
1975 320 200 18 10 122 8 3
1976 530 228 14 17 131 8 9
1977 320 250 10 15 136 3 7
1978 320 192 -23 14 98 -28 6
1979 328 328 70 14 153 57 6
1980 320 290 -11 8 124 -19 0
1981 471 226 -22 0 88 -29 -8
1982 640 300 33 4 111 25 -4
1983 444 251 -16 5 89 -20 -2
1984 598 281 12 -3 96 8 -9
1985 289 225 -20 -5 75 -22 -10
1986 320 202 -10 -2 66 -12 -6
1987 363 168 -17 -11 53 -19 -14
1988 320 161 -4 -8 49 -8 -11
1989 480 218 35 -5 64 30 -8
1990 1054 182 -16 -4 52 -20 -7
1991 640 200 10 0 55 6 -4
1992 647 180 -10 1 48 -12 -2
1993 430 179 -1 2 47 -3 -1
1994 532 219 22 0 56 20 -3
1995 640 183 -16 0 46 -18 -2
1996 640 202 10 0 50 8 -2
1997 569 232 15 5 56 13 3
1998 324 225 -3 5 54 -4 3
1999 480 231 3 1 55 1 -1
2000 629 244 6 6 57 3 4
2001 320 325 33 10 74 30 8
2002 320 260 -20 2 58 -21 0
2003 480 271 4 4 59 2 2
2004 390 373 38 10 79 34 8
2005 632 383 3 9 79 0 7
2006 640 486 27 8 97 23 6
2007 635 491 1 14 95 -2 10
2008 523 518 6 14 98 3 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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