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Northeast (LMA 29)
Rural Land Prices

Counties: Bowie, Camp, Cass, Delta, Franklin, Hopkins, Lamar, Marion, Morris, Red River, Titus, Upshur, Wood

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 94 130 - - 130 - -
1967 90 150 15 - 145 12 -
1968 60 190 27 - 177 21 -
1969 60 194 2 - 172 -2 -
1970 63 212 9 - 178 4 -
1971 68 242 14 13 194 9 8
1972 63 250 3 11 192 -1 6
1973 76 340 36 12 248 29 7
1974 78 380 12 14 254 2 8
1975 62 416 10 14 254 0 7
1976 63 434 4 12 250 -2 5
1977 70 450 4 12 244 -2 5
1978 76 525 17 9 266 9 1
1979 80 550 5 8 257 -3 0
1980 79 625 14 8 268 4 1
1981 70 763 22 12 299 12 4
1982 86 790 4 12 292 -2 4
1983 80 800 1 9 284 -3 1
1984 78 882 10 10 302 6 3
1985 73 891 1 7 296 -2 2
1986 75 800 -10 1 260 -12 -3
1987 81 657 -18 -4 208 -20 -7
1988 89 593 -10 -6 182 -13 -9
1989 94 518 -13 -10 153 -16 -13
1990 88 556 7 -9 158 3 -12
1991 70 628 13 -5 172 9 -8
1992 73 637 1 -1 171 -1 -4
1993 84 550 -14 -2 144 -16 -5
1994 81 578 5 2 148 3 -1
1995 67 610 6 2 153 4 -1
1996 86 703 15 2 174 13 0
1997 87 736 5 3 179 3 1
1998 89 760 3 7 183 2 5
1999 83 825 9 7 195 7 6
2000 80 800 -3 6 185 -5 4
2001 70 970 21 7 220 18 5
2002 79 871 -10 3 194 -12 2
2003 69 850 -2 2 185 -4 0
2004 88 926 9 2 196 6 0
2005 78 1201 30 8 247 26 6
2006 72 1374 14 7 273 11 4
2007 59 1558 13 12 301 10 9
2008 59 1589 2 13 301 0 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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