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Coastal Prairie - Middle (LMA 21)
Rural Land Prices

Counties: Calhoun, Jackson, Matagorda, Victoria, Wharton

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 102 280 - - 280 - -
1967 108 250 -11 - 242 -14 -
1968 214 269 8 - 250 3 -
1969 160 350 30 - 310 24 -
1970 100 345 -1 - 290 -6 -
1971 110 381 10 6 305 5 2
1972 100 425 12 11 327 7 6
1973 148 436 3 10 317 -3 5
1974 155 525 20 8 350 10 2
1975 108 650 24 14 396 13 6
1976 161 633 -3 11 365 -8 4
1977 106 794 26 13 431 18 6
1978 123 850 7 14 431 0 6
1979 160 942 11 12 441 2 5
1980 160 1000 6 9 429 -3 2
1981 210 1200 20 14 470 10 5
1982 121 1200 0 9 443 -6 1
1983 113 1250 4 8 444 0 1
1984 135 1275 2 6 437 -2 0
1985 80 1250 -2 5 416 -5 -1
1986 125 1000 -20 -4 325 -22 -7
1987 136 800 -20 -8 253 -22 -11
1988 108 750 -6 -10 230 -9 -12
1989 100 800 7 -9 236 3 -12
1990 120 800 0 -9 227 -4 -11
1991 103 764 -4 -5 210 -8 -8
1992 120 705 -8 -2 189 -10 -6
1993 116 686 -3 -2 180 -5 -5
1994 96 750 9 -1 193 7 -4
1995 97 800 7 0 201 5 -2
1996 100 700 -12 -2 173 -14 -4
1997 101 850 21 4 206 19 2
1998 84 882 4 5 212 3 3
1999 100 893 1 4 211 0 2
2000 77 1000 12 5 232 10 3
2001 95 1034 3 8 234 1 6
2002 101 915 -12 1 204 -13 0
2003 126 1000 9 3 218 7 1
2004 101 1210 21 6 256 18 4
2005 90 1627 35 10 335 31 8
2006 109 1800 11 12 358 7 9
2007 88 2535 41 23 490 37 19
2008 72 2800 10 23 530 8 19

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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