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Dallas Prairie (LMA 24)
Rural Land Prices

Counties: Collin, Dallas, Denton, Ellis, Hunt, Kaufman, Rains, Rockwall, Van Zandt

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 78 235 - - 235 - -
1967 79 239 2 - 232 -1 -
1968 63 285 19 - 265 14 -
1969 60 326 14 - 288 9 -
1970 60 366 13 - 308 7 -
1971 64 400 9 11 321 4 6
1972 85 550 38 18 423 32 13
1973 88 600 9 16 437 3 10
1974 83 944 57 24 630 44 17
1975 60 753 -20 15 459 -27 8
1976 56 712 -5 12 411 -11 5
1977 54 737 4 6 400 -3 -1
1978 54 802 9 6 406 2 -1
1979 61 916 14 -1 428 5 -7
1980 73 1000 9 6 429 0 -1
1981 60 1071 7 9 420 -2 0
1982 62 1250 17 11 462 10 3
1983 54 1264 1 10 449 -3 2
1984 69 1463 16 10 501 12 3
1985 72 1500 3 8 499 0 3
1986 52 1737 16 10 565 13 6
1987 54 1500 -14 4 475 -16 1
1988 83 1200 -20 -1 367 -23 -4
1989 74 1230 2 -3 363 -1 -6
1990 69 1000 -19 -8 284 -22 -11
1991 77 971 -3 -11 266 -6 -14
1992 77 901 -7 -10 242 -9 -13
1993 72 1000 11 -4 262 8 -7
1994 69 1118 12 -2 287 9 -5
1995 70 1116 0 2 281 -2 0
1996 55 1378 23 7 340 21 5
1997 65 1273 -8 7 309 -9 5
1998 64 1400 10 7 336 9 5
1999 53 1621 16 8 384 14 6
2000 53 1900 17 11 440 15 9
2001 49 2000 5 8 453 3 6
2002 50 2008 0 10 447 -1 8
2003 50 2468 23 12 538 20 10
2004 48 2780 13 11 589 10 9
2005 50 3375 21 12 694 18 10
2006 40 4404 30 17 875 26 14
2007 41 4967 13 20 961 10 17
2008 33 5067 2 15 959 0 12

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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