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Blacklands South (LMA 26)
Rural Land Prices

Counties: Bastrop, Caldwell, Hays, Lee, Milam, Travis, Williamson

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 127 171 - - 171 - -
1967 113 177 4 - 172 0 -
1968 105 210 19 - 195 14 -
1969 106 224 6 - 198 1 -
1970 98 250 12 - 210 6 -
1971 116 320 28 13 257 22 8
1972 125 365 14 16 280 9 10
1973 114 474 30 18 345 23 12
1974 103 515 9 18 344 0 12
1975 92 650 26 21 396 15 14
1976 100 685 5 16 395 0 9
1977 101 700 2 14 379 -4 6
1978 92 743 6 9 376 -1 2
1979 89 808 9 9 378 0 2
1980 88 962 19 8 413 9 1
1981 52 1246 30 13 489 18 4
1982 56 1327 6 14 490 0 5
1983 74 1400 6 14 498 1 6
1984 94 2050 46 20 702 41 13
1985 75 2500 22 21 831 18 15
1986 69 2000 -20 10 651 -22 6
1987 77 1400 -30 1 443 -32 -2
1988 74 1180 -16 -3 361 -19 -6
1989 81 1200 2 -10 354 -2 -13
1990 85 955 -20 -18 271 -23 -20
1991 76 974 2 -13 267 -1 -16
1992 98 892 -8 -9 239 -10 -12
1993 89 966 8 -4 253 6 -7
1994 100 1016 5 -3 261 3 -6
1995 100 1200 18 5 302 16 2
1996 78 1300 8 6 321 6 4
1997 79 1350 4 9 328 2 7
1998 89 1500 11 9 360 10 7
1999 76 1612 7 10 382 6 8
2000 55 1866 16 9 432 13 7
2001 56 2320 24 12 525 21 10
2002 45 2697 16 15 601 14 13
2003 43 3100 15 16 675 12 13
2004 44 3250 5 15 688 2 13
2005 46 3881 19 16 798 16 13
2006 49 4000 3 12 795 0 9
2007 38 4996 25 13 966 22 10
2008 40 4500 -10 8 851 -12 5

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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