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Abilene, TX Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Abilene, TX Housing Market Trends

With 125,182 people, 43,607 houses or apartments, and a median cost of homes of $184,105, house prices in Abilene are solidly below the national average.

Single-family detached homes are the single most common housing type in Abilene, accounting for 67.73% of the city's housing units. Other types of housing that are prevalent in Abilene include large apartment complexes or high rise apartments ( 17.48%), duplexes, homes converted to apartments or other small apartment buildings ( 8.76%), and a few row houses and other attached homes ( 2.99%).

The most prevalent building size and type in Abilene are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.13% owning and 51.87% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Abilene's housing was primarily built during this period, from the '40s through the '60s. A full 39.94% of the city's housing hails from this era. Other housing ages represented in Abilene include homes built between 1970-1999 ( 38.56%) and housing constructed between 2000 and later ( 15.02%). There's also some housing in Abilene built before 1939 ( 6.48%).

Vacant housing appears to be an issue in Abilene. Fully 12.79% of the housing stock is classified as vacant. Left unchecked, vacant Abilene homes and apartments can be a drag on the real estate market, holding Abilene real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Abilene Home Appreciation Rates

Appreciation rates for homes in Abilene have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 70.24%, which ranks in the top 40% nationwide. This equates to an annual average Abilene house appreciation rate of 5.46%.

Appreciation rates are so strong in Abilene that despite a nationwide downturn in the housing market, Abilene real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Abilene appreciation rates continue to be some of the highest in America, at 21.63%, which is higher than appreciation rates in 85.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Abilene. Abilene appreciation rates in the latest quarter were at 3.60%, which equates to an annual appreciation rate of 15.20%.

Importantly, this makes Abilene one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Abilene's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Abilene differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Abilene - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Abilene real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$184,105

Abilene, TX HOME PRICES

> $1,328,000
$996,001 - $1,328,000
$664,001 - $996,000
$531,001 - $664,000
$398,001 - $531,000
$266,001 - $398,000
$133,001 - $266,000
$67,001 - $133,000
$0 - $67,000
0.5%
0.5%
0.5%
0.5%
0.9%
0.9%
1.9%
1.9%
4.1%
4.1%
15.2%
15.2%
37.2%
37.2%
25.9%
25.9%
13.9%
13.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for TX

Value Relative To Nation

Number Of Homes And Apartments:
43,607

Abilene Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
136.85% 3.95%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,245 / per month

Homeownership Rate

Owners
Renters
Vacant
48.1%
48.1%
51.9%
51.9%
12.8%
12.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.0%
15.0%
38.6%
38.6%
39.9%
39.9%
6.5%
6.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.7%
67.7%
3.0%
3.0%
8.8%
8.8%
17.5%
17.5%
3.0%
3.0%
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
12.3%
12.3%
26.2%
26.2%
44.8%
44.8%
13.1%
13.1%
1.8%
1.8%
0.0% 100.0%
% OF HOMES