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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 a population of 123,420, 42,786 total housing units (homes and apartments), and a median house value of $133,839, 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 69.54% of the city's housing units. Other types of housing that are prevalent in Abilene include large apartment complexes or high rise apartments ( 15.70%), duplexes, homes converted to apartments or other small apartment buildings ( 8.53%), and a few mobile homes or trailers ( 3.36%).

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 41.29% of the city's housing hails from this era. Other housing ages represented in Abilene include homes built between 1970-1999 ( 37.15%) and housing constructed between 2000 and later ( 14.63%). There's also some housing in Abilene built before 1939 ( 6.93%).

Vacant housing appears to be an issue in Abilene. Fully 13.50% 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 44.26%, which ranks in the top 50% nationwide. This equates to an annual average Abilene house appreciation rate of 3.73%.

Over the last year, Abilene appreciation rates have trailed the rest of the nation. In the last twelve months, Abilene's appreciation rate has been 4.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Abilene were at -0.48%, which equates to an annual appreciation rate of -1.91%.

Notably, Abilene's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Abilene's latest annual appreciation rate is lower than 90% 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:
$133,839

Abilene, TX HOME PRICES

> $1,178,000
0.3%
0.3%
$883,001 - $1,178,000
0.3%
0.3%
$589,001 - $883,000
0.7%
0.7%
$471,001 - $589,000
1.0%
1.0%
$354,001 - $471,000
3.0%
3.0%
$235,001 - $354,000
12.3%
12.3%
$118,001 - $235,000
36.9%
36.9%
$59,001 - $118,000
29.0%
29.0%
$0 - $59,000
16.5%
16.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for TX

Value Relative To Nation

Number Of Homes And Apartments:
42,786

Abilene Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
96.79% 3.20%
3
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,322 / per month

Homeownership Rate

Owners
48.1%
48.1%
Renters
51.9%
51.9%
Vacant
13.5%
13.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.6%
14.6%
1970 - 1999
37.2%
37.2%
1940 - 1969
41.3%
41.3%
1939 or Older
6.9%
6.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.5%
69.5%
Townhomes
2.8%
2.8%
Small Apt. Buildings
8.5%
8.5%
Apt. Complexes
15.7%
15.7%
Mobile Homes
3.4%
3.4%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.9%
1.9%
1 Bedroom
11.4%
11.4%
2 Bedrooms
25.9%
25.9%
3 Bedrooms
47.3%
47.3%
4 Bedrooms
11.9%
11.9%
5 or more bedrooms
1.7%
1.7%
0.0% 100.0%
% OF HOMES