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Highland Lakes (LMA 16)
Rural Land Prices

Counties: Burnet, Gillespie, Llano, Mason

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 134 190 - - 190 - -
1967 133 180 -5 - 175 -8 -
1968 135 200 11 - 186 7 -
1969 150 222 11 - 196 6 -
1970 166 250 13 - 210 7 -
1971 198 258 3 6 207 -2 2
1972 202 300 16 11 230 11 6
1973 220 390 30 14 284 23 9
1974 208 548 41 20 366 29 13
1975 172 508 -7 15 310 -15 8
1976 199 534 5 16 308 -1 8
1977 158 595 11 15 323 5 7
1978 198 635 7 10 322 0 3
1979 187 700 10 5 327 2 -2
1980 220 762 9 8 327 0 1
1981 207 850 12 10 333 2 2
1982 178 1000 18 11 369 11 3
1983 196 1250 25 14 444 20 7
1984 202 1451 16 16 497 12 9
1985 125 2000 38 21 665 34 15
1986 114 1394 -30 10 453 -32 6
1987 127 1046 -25 1 331 -27 -2
1988 147 1026 -2 -4 314 -5 -7
1989 156 942 -8 -8 278 -12 -11
1990 141 806 -15 -17 229 -18 -19
1991 178 846 5 -9 232 1 -13
1992 194 800 -5 -5 215 -8 -8
1993 160 846 6 -4 222 3 -7
1994 163 1000 18 1 257 16 -2
1995 162 979 -2 4 246 -4 1
1996 144 1250 28 8 309 25 6
1997 127 1355 8 11 329 7 9
1998 154 1695 25 15 407 24 13
1999 145 1796 6 12 425 4 11
2000 82 3026 69 25 701 65 23
2001 56 2836 -6 18 642 -8 16
2002 82 2700 -5 15 601 -6 13
2003 94 2909 8 11 634 5 9
2004 57 3552 22 15 752 19 12
2005 66 3675 3 4 756 0 2
2006 61 4570 24 10 908 20 7
2007 52 5709 25 16 1104 22 13
2008 57 5500 -4 14 1040 -6 10

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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