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Statewide
Rural Land Prices

Counties: Texas

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 120 157 - - 157 - -
1967 110 169 7 - 164 3 -
1968 101 181 7 - 169 3 -
1969 100 190 4 - 168 -1 -
1970 107 204 7 - 172 2 -
1971 110 213 4 6 171 -1 1
1972 120 233 9 6 179 4 1
1973 153 304 30 10 222 23 5
1974 150 371 21 14 248 11 8
1975 126 384 3 13 234 -6 6
1976 128 412 7 14 238 1 6
1977 121 436 5 13 237 -1 5
1978 126 485 11 9 246 3 2
1979 132 543 11 7 254 3 0
1980 138 612 12 9 262 3 2
1981 124 708 15 11 278 5 3
1982 105 773 9 12 286 2 3
1983 113 796 2 10 283 -2 2
1984 125 841 5 9 288 1 2
1985 118 865 2 7 287 -1 1
1986 113 714 -18 0 232 -20 -4
1987 130 612 -15 -5 194 -17 -8
1988 139 575 -7 -7 176 -10 -10
1989 141 562 -3 -8 166 -6 -11
1990 135 537 -5 -10 152 -9 -12
1991 138 507 -6 -7 139 -9 -10
1992 145 500 -2 -4 134 -4 -8
1993 140 503 0 -3 132 -2 -6
1994 136 545 8 -1 140 6 -4
1995 122 586 7 1 147 5 -1
1996 111 638 8 4 158 6 2
1997 139 659 3 5 160 1 3
1998 139 720 9 7 173 8 5
1999 120 786 9 7 186 7 5
2000 117 837 6 7 194 4 5
2001 101 942 12 8 213 9 6
2002 107 958 1 7 213 0 5
2003 100 1101 14 8 240 12 6
2004 102 1273 15 10 270 12 7
2005 100 1485 16 12 305 13 9
2006 98 1818 22 14 361 18 11
2007 80 2186 20 17 423 17 14
2008 90 2359 7 16 446 5 13

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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