Unfortunately, like many things over the past 20 years, land values in Texas have significantly increased. Inflation hasn’t been kind to young and emerging land buyers, but understanding how value works can help you plan more effectively. In this article, we will discuss how the West Texas land has changed over the past two decades.
At Lonestar Investments, we help buyers look for West Texas ranch land. We are the most trusted land sellers in the Southwest and can offer affordable prices to upcoming land buyers. For more information, call us at (915)-532-5263 today!
2005 Versus 2025
In 2025, the price per acre is over $4,800 compared to roughly only $1,510 per acre 20 years ago. This huge jump in cost per acre is one of the reasons land doesn’t change hands too often. However, don’t let these numbers scare you. If you’re seeking to buy West Texas ranch land, all you need is the right guidance. To get a better idea of why there is such a drastic difference between now and 20 years ago, read below for some factors.
- Double-Digit Increases- The land value in Texas has increased by double digits over the past few years. In other areas across the state, land value can fall between $9,000-$7,000 per acre; however, it’s stayed considerably low on the Western side.
- Limited Land- Though the pandemic definitely caused a decrease in the desire to buy land, that’s not necessarily why the real estate took a dip. There wasn’t as much land to buy compared to back then. People ended up buying whatever they could find since they couldn’t find deals on cheaper land. Lonestar will make sure you don’t settle and can find the piece of land you’re looking for.
- Low Oil Prices- Oil prices began to drop around the time of the pandemic, which made land less desirable in West Texas. Drought conditions have also affected the state and brought down the sale of cattle, hay, and cotton.
Despite these few hiccups, land in Texas is still in high demand due to the opportunities and agriculture. Texas still remains one of the fastest-growing economies across the United States, and its beautifully rich land is one of the reasons.
West Texas Ranch Land For Sale
At Lonestar Investments, we help upcoming buyers find a piece of West Texas ranch land that fits their needs. Call us today at (915)-532-5263 to hear what’s available.
