Houston (LMA 28)
Rural Land Prices
Counties: Austin, Brazoria, Chambers, Fort Bend, Galveston, Hardin, Harris, Jefferson, Liberty, Montgomery, Orange, San Jacinto, Walker, Waller

| 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 |
92 |
408 |
- |
- |
408 |
- |
- |
| 1967 |
114 |
395 |
-3 |
- |
383 |
-6 |
- |
| 1968 |
113 |
475 |
20 |
- |
442 |
15 |
- |
| 1969 |
122 |
485 |
2 |
- |
430 |
-3 |
- |
| 1970 |
176 |
600 |
24 |
- |
505 |
17 |
- |
| 1971 |
140 |
501 |
-16 |
4 |
402 |
-20 |
0 |
| 1972 |
122 |
595 |
19 |
9 |
457 |
14 |
4 |
| 1973 |
121 |
1060 |
78 |
17 |
771 |
69 |
12 |
| 1974 |
117 |
1500 |
42 |
25 |
1001 |
30 |
18 |
| 1975 |
111 |
1000 |
-33 |
11 |
610 |
-39 |
4 |
| 1976 |
122 |
1090 |
9 |
17 |
628 |
3 |
9 |
| 1977 |
106 |
1140 |
5 |
14 |
618 |
-2 |
6 |
| 1978 |
147 |
1306 |
15 |
4 |
661 |
7 |
-3 |
| 1979 |
88 |
1500 |
15 |
0 |
702 |
6 |
-7 |
| 1980 |
85 |
1660 |
11 |
11 |
712 |
1 |
3 |
| 1981 |
94 |
2212 |
33 |
15 |
867 |
22 |
7 |
| 1982 |
58 |
2500 |
13 |
17 |
924 |
6 |
8 |
| 1983 |
84 |
2600 |
4 |
15 |
924 |
0 |
7 |
| 1984 |
67 |
2665 |
2 |
12 |
913 |
-1 |
5 |
| 1985 |
58 |
2699 |
1 |
10 |
897 |
-2 |
5 |
| 1986 |
73 |
2000 |
-26 |
-2 |
651 |
-27 |
-6 |
| 1987 |
64 |
1809 |
-10 |
-6 |
573 |
-12 |
-9 |
| 1988 |
76 |
1446 |
-20 |
-11 |
443 |
-23 |
-14 |
| 1989 |
70 |
1458 |
1 |
-11 |
430 |
-3 |
-14 |
| 1990 |
60 |
1562 |
7 |
-10 |
444 |
3 |
-13 |
| 1991 |
65 |
1542 |
-1 |
-5 |
423 |
-5 |
-8 |
| 1992 |
62 |
1302 |
-16 |
-6 |
349 |
-17 |
-9 |
| 1993 |
83 |
1175 |
-10 |
-4 |
308 |
-12 |
-7 |
| 1994 |
71 |
1200 |
2 |
-4 |
308 |
0 |
-6 |
| 1995 |
59 |
1400 |
17 |
-2 |
352 |
14 |
-5 |
| 1996 |
68 |
1855 |
32 |
4 |
458 |
30 |
2 |
| 1997 |
71 |
1800 |
-3 |
7 |
437 |
-5 |
5 |
| 1998 |
56 |
2180 |
21 |
13 |
524 |
20 |
11 |
| 1999 |
51 |
2500 |
15 |
16 |
592 |
13 |
14 |
| 2000 |
41 |
2500 |
0 |
12 |
579 |
-2 |
10 |
| 2001 |
39 |
3000 |
20 |
10 |
679 |
17 |
8 |
| 2002 |
42 |
2686 |
-10 |
8 |
598 |
-12 |
6 |
| 2003 |
30 |
3703 |
38 |
11 |
806 |
35 |
9 |
| 2004 |
40 |
4033 |
9 |
10 |
854 |
6 |
8 |
| 2005 |
45 |
4500 |
12 |
12 |
925 |
8 |
10 |
| 2006 |
32 |
6000 |
33 |
15 |
1192 |
29 |
12 |
| 2007 |
31 |
7500 |
25 |
23 |
1451 |
22 |
19 |
| 2008 |
30 |
8300 |
11 |
18 |
1570 |
8 |
14 |
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.
|