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Rolling Plains - Central (LMA 7)
Rural Land Prices

Counties: Fisher, Jones, Mitchell, Nolan, Runnels, Scurry, Taylor

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 160 150 - - 150 - -
1967 160 151 1 - 146 -2 -
1968 160 158 5 - 147 0 -
1969 160 177 12 - 157 7 -
1970 160 176 -1 - 148 -6 -
1971 160 180 3 4 144 -2 -1
1972 172 193 7 5 148 3 0
1973 160 200 4 5 146 -2 0
1974 160 264 32 8 176 21 2
1975 157 280 6 10 171 -3 3
1976 159 292 4 10 169 -1 3
1977 160 300 3 9 163 -4 2
1978 160 341 14 11 173 6 3
1979 160 357 5 6 167 -3 -1
1980 160 476 33 11 204 22 4
1981 159 542 14 13 212 4 5
1982 160 600 11 15 222 4 6
1983 144 575 -4 11 204 -8 3
1984 160 550 -4 9 188 -8 2
1985 151 550 0 3 183 -3 -2
1986 156 481 -13 -2 156 -14 -6
1987 160 421 -12 -7 133 -15 -10
1988 160 400 -5 -7 122 -8 -10
1989 153 380 -5 -7 112 -8 -10
1990 160 375 -1 -7 107 -5 -10
1991 157 402 7 -4 110 3 -7
1992 193 352 -12 -4 94 -14 -7
1993 169 350 0 -3 92 -3 -6
1994 160 350 0 -2 90 -2 -4
1995 163 368 5 0 92 3 -3
1996 155 379 3 -1 94 1 -3
1997 177 395 4 2 96 3 0
1998 168 368 -7 1 88 -8 -1
1999 160 354 -4 0 84 -5 -1
2000 160 393 11 1 91 9 0
2001 151 454 16 4 103 13 2
2002 189 401 -12 0 89 -13 -1
2003 157 520 30 7 113 27 5
2004 166 550 6 9 116 3 7
2005 197 560 2 7 115 -1 5
2006 184 676 21 8 134 17 5
2007 160 944 40 19 183 36 15
2008 160 1048 11 15 198 9 12

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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