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Panhandle-North (LMA 1)
Rural Land Prices

Counties: Dallam, Hansford, Hartley, Moore, Ochiltree, Sherman

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 320 196 - - 196 - -
1967 320 208 6 - 202 3 -
1968 320 188 -10 - 175 -14 -
1969 282 200 6 - 177 1 -
1970 320 232 16 - 195 10 -
1971 281 192 -17 0 154 -21 -5
1972 320 209 9 0 161 4 -5
1973 440 212 2 2 155 -4 -2
1974 400 287 35 7 192 24 2
1975 320 400 39 12 244 27 5
1976 320 417 4 17 240 -1 9
1977 320 416 0 15 226 -6 7
1978 320 359 -14 11 182 -19 3
1979 608 450 25 9 210 16 2
1980 640 512 14 5 220 4 -2
1981 320 612 20 8 240 9 0
1982 320 525 -14 5 194 -19 -3
1983 320 327 -38 -2 116 -40 -9
1984 321 362 11 -4 124 7 -10
1985 320 450 24 -3 150 20 -7
1986 321 306 -32 -13 100 -33 -16
1987 326 275 -10 -12 87 -13 -15
1988 640 350 27 1 107 23 -2
1989 471 300 -14 -4 89 -17 -7
1990 322 372 24 -4 106 19 -7
1991 635 305 -18 0 84 -21 -3
1992 480 375 23 6 101 20 3
1993 617 350 -7 0 92 -9 -3
1994 427 402 15 6 103 12 3
1995 335 364 -9 0 92 -11 -3
1996 440 432 19 7 107 16 5
1997 482 385 -11 1 94 -12 -1
1998 320 356 -8 0 86 -9 -1
1999 369 350 -2 -3 83 -3 -4
2000 451 402 15 2 93 12 0
2001 640 304 -24 -7 69 -26 -8
2002 640 472 55 4 105 53 2
2003 467 380 -19 1 83 -21 -1
2004 399 494 30 7 105 26 5
2005 625 537 9 6 110 6 3
2006 480 651 21 16 129 17 13
2007 640 728 12 9 141 9 6
2008 640 1011 39 22 191 36 18

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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