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Rolling Plains - Central (LMA 7)
Rural Land Prices

Counties: Fisher, Jones, Mitchell, Nolan, Runnels, Scurry, Taylor

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 160 150 - - 150 - -
1967 160 151 1 1 146 -2 -2
1968 160 158 5 3 147 0 -1
1969 160 177 12 6 157 7 2
1970 160 176 -1 4 148 -6 0
1971 160 180 3 4 144 -2 -1
1972 172 193 7 4 148 3 0
1973 160 200 4 4 146 -2 0
1974 160 264 32 7 176 21 2
1975 157 280 6 7 171 -3 1
1976 159 292 4 7 169 -1 1
1977 160 300 3 7 163 -4 1
1978 160 341 14 7 173 6 1
1979 160 357 5 7 167 -3 1
1980 160 476 33 9 204 22 2
1981 159 542 14 9 212 4 2
1982 160 600 11 9 222 4 2
1983 144 575 -4 8 204 -8 2
1984 160 550 -4 7 188 -8 1
1985 151 550 0 7 183 -3 1
1986 156 481 -13 6 156 -14 0
1987 160 421 -12 5 133 -15 -1
1988 160 400 -5 5 122 -8 -1
1989 154 378 -6 4 111 -9 -1
1990 160 375 -1 4 107 -4 -1
1991 157 402 7 4 110 3 -1
1992 191 350 -13 3 94 -15 -2
1993 169 350 0 3 92 -2 -2
1994 160 350 0 3 90 -2 -2
1995 163 368 5 3 92 3 -2
1996 155 379 3 3 94 1 -2
1997 177 395 4 3 96 3 -1
1998 168 368 -7 3 88 -8 -2
1999 160 354 -4 3 84 -5 -2
2000 160 393 11 3 91 9 -1
2001 151 454 16 3 103 13 -1
2002 181 401 -12 3 89 -13 -1
2003 157 520 30 3 113 27 -1
2004 166 550 6 3 116 3 -1
2005 197 560 2 3 115 -1 -1
2006 190 675 21 4 135 17 0

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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