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Crosstimbers (LMA 13)
Rural Land Prices

Counties: Brown, Callahan, Coleman, Comanche, Eastland, Erath

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 127 126 - - 126 - -
1967 114 135 7 - 131 4 -
1968 100 140 4 - 130 -1 -
1969 90 155 11 - 137 5 -
1970 93 160 3 - 135 -2 -
1971 86 182 13 8 145 8 3
1972 80 210 16 9 161 11 4
1973 121 267 27 14 194 20 8
1974 126 325 22 16 217 12 10
1975 136 336 3 16 205 -6 9
1976 115 353 5 14 204 -1 7
1977 100 408 16 14 221 9 7
1978 81 447 10 11 226 2 3
1979 141 467 4 8 218 -4 0
1980 160 473 1 7 203 -7 0
1981 117 600 27 11 235 16 3
1982 116 640 7 9 236 1 1
1983 132 701 10 9 249 5 2
1984 127 700 0 8 240 -4 2
1985 144 720 3 9 239 0 3
1986 155 634 -12 1 206 -14 -3
1987 156 550 -13 -3 174 -16 -6
1988 160 474 -14 -8 145 -17 -10
1989 165 425 -10 -9 125 -14 -12
1990 159 485 14 -8 138 10 -10
1991 165 396 -19 -9 109 -21 -12
1992 166 427 8 -5 114 5 -8
1993 202 450 5 -1 118 3 -4
1994 146 516 15 4 132 12 1
1995 163 574 11 3 144 9 1
1996 161 532 -7 6 131 -9 4
1997 163 588 11 7 143 9 5
1998 170 548 -7 4 132 -8 2
1999 148 700 28 6 166 26 5
2000 150 782 12 6 181 9 5
2001 100 996 27 13 225 24 11
2002 125 957 -4 10 213 -5 8
2003 110 1031 8 13 225 5 11
2004 136 1200 16 11 254 13 9
2005 133 1500 25 14 308 21 11
2006 115 1875 25 13 372 21 11
2007 105 2295 22 19 444 19 16
2008 98 2500 9 19 473 7 16

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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