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Trans-Pecos (LMA 8)
Rural Land Prices

Counties: Brewster, Crane, Culberson, Hudspeth, Jeff Davis, Loving, Pecos, Presidio, Reeves, Terrell, Ward, Winkler

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 12827 18 - - 18 - -
1967 10115 17 -6 - 16 -9 -
1968 9566 42 145 - 39 135 -
1969 10230 21 -49 - 19 -52 -
1970 6026 29 38 - 24 31 -
1971 13440 27 -7 8 22 -11 4
1972 10363 25 -7 8 19 -11 3
1973 13000 35 40 -3 25 33 -8
1974 13125 40 14 14 27 5 7
1975 9224 87 118 25 53 99 17
1976 6034 56 -36 16 32 -39 8
1977 10998 65 16 21 35 9 13
1978 11162 62 -5 12 31 -11 4
1979 8960 90 45 18 42 34 10
1980 6377 135 50 9 58 38 2
1981 9034 85 -37 9 33 -42 1
1982 8666 83 -2 5 31 -8 -3
1983 4089 215 159 28 76 149 19
1984 5760 154 -28 11 53 -31 5
1985 9090 150 -3 2 50 -6 -3
1986 7292 68 -55 -4 22 -56 -8
1987 11400 68 1 -4 22 -2 -7
1988 6348 80 17 -18 24 13 -20
1989 5528 75 -6 -13 22 -10 -16
1990 6118 68 -10 -15 19 -13 -17
1991 5024 50 -26 -6 14 -28 -9
1992 7656 60 20 -3 16 17 -6
1993 11411 53 -12 -8 14 -14 -11
1994 4240 62 18 -4 16 15 -6
1995 12676 73 17 2 18 14 -1
1996 4077 70 -3 7 17 -5 5
1997 3706 125 77 16 30 74 14
1998 7048 100 -20 14 24 -21 12
1999 5947 131 31 16 31 29 14
2000 6080 120 -8 10 28 -10 9
2001 4181 120 0 11 27 -2 9
2002 2963 125 4 0 28 2 -2
2003 298 150 20 8 33 17 6
2004 3582 210 40 10 44 36 7
2005 320 174 -17 8 36 -20 5
2006 194 295 70 20 59 64 17
2007 2273 315 7 20 61 4 17
2008 640 375 19 20 71 16 17

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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