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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 121,721 people, 42,348 houses or apartments, and a median cost of homes of $106,556, 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 70.35% of the city's housing units. Other types of housing that are prevalent in Abilene include large apartment complexes or high rise apartments ( 16.06%), duplexes, homes converted to apartments or other small apartment buildings ( 7.27%), and a few mobile homes or trailers ( 3.26%).
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 49.59% owning and 50.41% 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 40.21% of the city's housing hails from this era. Other housing ages represented in Abilene include homes built between 1970-1999 ( 39.79%) and housing constructed between 2000 and later ( 11.43%). There's also some housing in Abilene built before 1939 ( 8.56%).
Vacant housing appears to be an issue in Abilene. Fully 12.21% 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.
In the last 10 years, Abilene has experienced some of the highest home appreciation rates of any community in the nation. Abilene real estate appreciated 23.72% over the last ten years, which is an average annual home appreciation rate of 2.15%, putting Abilene in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Abilene definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 6.84%, which is higher than appreciation rates in 74.82% 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 7.80%, which equates to an annual appreciation rate of 35.03%.
Importantly, NeighborhoodScout’s exclusive research found that Abilene's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which 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.
|$882,001 - $1,177,000||0.1|
|$588,001 - $882,000||0.3|
|$470,001 - $588,000||0.7|
|$353,001 - $470,000||1.8|
|$235,001 - $353,000||7.5|
|$118,001 - $235,000||32.4|
|$59,001 - $118,000||35.8|
|$0 - $59,000||21.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Abilene HOMES|
|2000 or Newer||11.4|
|1970 - 1999||39.8|
|1940 - 1969||40.2|
|1939 or Older||8.6|
|TYPE OF Abilene HOMES|
|Small Apt. Buildings||7.3|
|SIZE OF Abilene HOMES|
|5 or more bedrooms||1.50|