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El Paso (LMA 33)
Rural Land Prices

Counties: El Paso

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 20 1225 - - 1225 - -
1967 34 1430 17 - 1387 13 -
1968 106 988 -31 - 919 -34 -
1969 85 800 -19 - 709 -23 -
1970 54 1220 52 - 1027 45 -
1971 68 1750 43 7 1403 37 3
1972 58 1450 -17 0 1114 -21 -4
1973 88 1200 -17 4 873 -22 -1
1974 76 1833 53 18 1223 40 12
1975 26 1800 -2 8 1098 -10 1
1976 32 2324 29 6 1340 22 -1
1977 76 2000 -14 7 1084 -19 -1
1978 86 3000 50 20 1520 40 12
1979 33 3337 11 13 1561 3 5
1980 43 2500 -25 7 1072 -31 0
1981 274 2750 10 3 1078 1 -4
1982 123 2000 -27 0 739 -31 -7
1983 147 2600 30 -3 924 25 -9
1984 38 5250 102 9 1798 95 3
1985 48 3163 -40 5 1052 -42 0
1986 42 5000 58 13 1626 55 9
1987 26 3164 -37 10 1002 -38 6
1988 136 2508 -21 -1 768 -23 -4
1989 79 4108 64 -5 1212 58 -8
1990 65 3107 -24 0 883 -27 -3
1991 79 2534 -18 -13 695 -21 -16
1992 178 3950 56 5 1060 52 1
1993 105 3000 -24 4 787 -26 0
1994 26 4599 53 2 1181 50 -1
1995 61 6517 42 16 1640 39 13
1996 121 4136 -37 10 1021 -38 8
1997 31 5350 29 6 1300 27 4
1998 112 7822 46 21 1879 45 19
1999 173 2936 -62 -9 695 -63 -10
2003 85 8500 190 5 1851 166 2
2004 94 9400 11 18 1991 8 14
2005 108 7500 -20 7 1542 -23 3
2006 145 10791 44 7 2144 39 3
2007 12 10852 1 30 2099 -2 25
2008 11 23674 118 23 4479 113 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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