For a long while, Texas Hill Country real estate was known for its thriving acreages that were rich in water sources like creeks and springs. And just when you thought it couldn’t get any better than this, these plots of land were extremely reasonable in price!
But now, land is more expensive than ever with some properties selling for as much as $75,000 per acre.
Gone are the days of finding Hill Country farmland for a budget of $15,000 per acre. Searching for this type of real estate is looking for a unicorn--you’re not likely to find it.
So, why has the land become so expensive?
Well, the answer has to do with groundwater.
- The Diminishing Supply of Water
- Digging for Groundwater
- The Rule of Capture
- The Texas Aquifers