Permian West (LMA 4)
Rural Land Prices

Counties: Andrews, Bailey, Cochran, Ector, Gaines, Hockley, Howard, Lamb, Martin, Midland, Terry, Yoakum

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	199	192	-	-	192	-	-
1967	177	180	-6	-	175	-9	-
1968	177	187	4	-	174	0	-
1969	177	190	2	-	168	-3	-
1970	177	200	5	-	168	0	-
1971	174	200	0	1	160	-5	-3
1972	177	200	0	2	154	-4	-3
1973	188	244	22	5	178	16	0
1974	177	275	13	8	184	3	2
1975	160	284	3	7	173	-6	1
1976	177	308	8	9	177	2	2
1977	177	339	10	11	184	4	4
1978	179	358	5	8	181	-1	0
1979	177	450	26	10	210	16	3
1980	178	530	18	13	227	8	6
1981	173	512	-3	11	201	-12	3
1982	177	500	-2	8	185	-8	0
1983	163	562	12	9	200	8	2
1984	177	469	-17	1	161	-20	-5
1985	177	350	-25	-8	116	-28	-13
1986	240	286	-18	-11	93	-20	-14
1987	200	250	-13	-13	79	-15	-16
1988	177	350	40	-9	107	35	-12
1989	188	422	21	-2	125	16	-5
1990	180	409	-3	3	116	-7	0
1991	177	364	-11	5	100	-14	1
1992	177	350	-4	7	94	-6	3
1993	177	400	14	3	105	12	0
1994	179	375	-6	-2	96	-8	-5
1995	200	450	20	2	113	18	-1
1996	190	441	-2	4	109	-4	2
1997	240	400	-9	3	97	-11	1
1998	204	425	6	1	102	5	-1
1999	177	475	12	5	112	10	3
2000	180	500	5	2	116	3	0
2001	177	422	-16	-1	96	-18	-3
2002	257	403	-5	0	90	-6	-2
2003	240	488	21	3	106	19	1
2004	240	527	8	2	112	5	0
2005	312	500	-5	0	103	-8	-2
2006	240	560	12	6	111	8	3
2007	207	690	23	11	133	20	8
2008	316	750	9	9	142	6	6