PLANO – Texas land values climbed to new heights in 2022.
According to a recent report from the Texas Real Estate Research Center, the average price of an acre of rural land in the Lone Star State reached $4,446.
Nearly 720,000 acres changed hands statewide in 2022, down 15 percent from 2021. Fourth-quarter volume dipped even further, down 25.8 percent from 4Q2021, and down 57.4 percent from 4Q2020.
Part of the drop was a natural decrease from the pandemic-fueled highs in 2020 and 2021. Still, 4Q2022 marked the lowest fourth-quarter volume in Texas since 2015.