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Trans-Pecos (LMA 8)
Rural Land Prices

Counties: Brewster, Crane, Culberson, Hudspeth, Jeff Davis, Loving, Pecos, Presidio, Reeves, Terrell, Ward, Winkler

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 12827 18 - - 18 - -
1967 9922 16 -11 -11 16 -14 -14
1968 9566 42 159 52 39 149 46
1969 12538 21 -49 5 19 -52 1
1970 6026 29 38 13 24 31 8
1971 13440 27 -7 8 22 -11 4
1972 10363 25 -7 6 19 -11 1
1973 13000 35 40 10 25 33 5
1974 13125 40 14 10 27 5 5
1975 9224 87 118 19 53 99 13
1976 6034 56 -36 12 32 -39 6
1977 10998 65 16 12 35 9 6
1978 11162 62 -5 11 31 -11 5
1979 8960 90 45 13 42 34 7
1980 6377 135 50 15 58 38 9
1981 9034 85 -37 11 33 -42 4
1982 8666 83 -2 10 31 -8 3
1983 4089 215 159 16 76 149 9
1984 5760 154 -28 13 53 -31 6
1985 9090 150 -3 12 50 -6 6
1986 7292 68 -55 7 22 -56 1
1987 11400 68 1 7 22 -2 1
1988 6348 80 17 7 24 13 1
1989 5528 75 -6 6 22 -10 1
1990 6118 75 0 6 21 -4 1
1991 5024 50 -33 4 14 -36 -1
1992 7656 60 20 5 16 17 0
1993 11411 53 -12 4 14 -14 -1
1994 4320 60 13 4 15 11 -1
1995 12676 73 22 5 18 19 0
1996 4077 70 -3 5 17 -5 0
1997 3785 119 69 6 29 66 2
1998 7048 100 -16 6 24 -17 1
1999 5947 131 31 6 31 29 2
2000 6080 120 -8 6 28 -10 1
2001 4181 120 0 6 27 -2 1
2002 2963 125 4 6 28 2 1
2003 298 150 20 6 33 17 2
2004 3582 210 40 7 44 36 2
2005 320 172 -18 6 35 -20 2
2006 194 295 71 7 59 66 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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