Case Study: Rural Texas Land Prices

Buyers focusing on recreation and investment have propelled Texas rural land prices into the stratosphere. The price of an acre of rural Texas soared 16 percent in 2004, rising from $1,097 in 2003 to $1,274 per acre.

The price surge is the largest single-year percentage increase since those registered from 1972 to 1974 and the third-highest annual gain in the past 38 years.

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