Rural Land Values in the Southwest: Second Half, 1997 Page: 42
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Texas Land Market Area 23
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland - - - - - - .
Nonirrigated cropland - - - - -
Improved pasture - - - - - - .
Native rangeland 1,500 2,500 3,500 150 10 20 10 -
Urban fringe 2,000 4,000 6,000 100 10
Orchard or vineyard - - - - . - _
Timberland - - - - .
Sales with minerals transferred: 0%
Percentage of minerals transferred: 0%
Native rangeland Cost ($)
per animal unit -
Texas Land Market Area 24
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland - - - - -
Nonirrigated cropland 575 - 900 - 3 0 4 -
Improved pasture 575 800 1,150 - 3 0 4 -
Native rangeland 650 - 975 - 3 0 0 -
Urban fringe 1,500 2,000 3,000 15 7
Orchard or vineyard - - - - _ - _
Timberland - - - -
Sales with minerals transferred: 78%
Percentage of minerals transferred: 50%Native rangeland
per animal unitCost ($)
- I - I - I
Source: Real Estate Center at Texas A&M University
42
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Gilliland, Charles E. & Semien, Anthony. Rural Land Values in the Southwest: Second Half, 1997, report, July 1998; College Station, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1586957/m1/46/?q=%221997~%22: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.