Abilene, Texas Housing Market Prices
Abilene Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 16% below the Texas median$216,984
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Median rent 19% below the Texas median$1,135
Housing Market Overview
| Metric | Abilene | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $216,984 | $258,873 | $248,835 |
| Price Trend (Annual %) | 16.3% | 9.2% | 7.5% |
| Median Gross Rent | $1,135 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Abilene is about 16% lower than in Texas. Rent is about 19% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Abilene, up about 16.3% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Abilene rose about 48.3% between 2015 and 2024, from $765 to $1,135. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Abilene.
Buying the median-priced home in Abilene costs roughly 15.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Abilene. The price-to-rent ratio in Texas is about 15.4.
| Metric | Abilene | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $216,984 | $258,873 | $248,835 |
| Median Household Income | $60,729 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.6 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Abilene rose about 230.5%, while median household income rose about 53.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Abilene | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.5% | 56.7% | 58.5% |
| Rental Rate | 39.2% | 33.9% | 31.2% |
| Vacancy Rate | 12.3% | 9.4% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Abilene has a homeownership rate of 48.5%, lower than the Texas average of 56.7%. Its housing vacancy rate is 12.3%, compared with 9.4% in Texas.
Housing Stock
| Metric | Abilene | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1974 | 1990 | 1978 |
| Median Number of Rooms | 5.2 | 5.4 | 5.5 |
The typical housing unit in Abilene was built around 1974. On average, 2.5 people live in a home with about 5.2 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Abilene, Texas.
What is the median home price in Abilene, Texas?
The median home price in Abilene, Texas is $216,984, lower than the Texas average of $258,873.
What is the average home price in Abilene, Texas?
The typical home price in Abilene, Texas, reported as the median sale price, is $216,984. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Abilene, Texas?
The median gross rent in Abilene, Texas is $1,135 per month, lower than the Texas average of $1,402.
What was the median gross rent in Abilene in 2020?
In 2020, the median gross rent in Abilene, Texas was $902 per month.
What is the price-to-rent ratio in Abilene, Texas?
The price-to-rent ratio in Abilene, Texas is about 15.9, meaning it would take roughly 15.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Abilene.
Are home prices or rent rising faster in Abilene, Texas?
Both home prices and rent are rising in Abilene, up about 16.3% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Abilene, Texas?
48.5% of households in Abilene, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Abilene, Texas?
The housing vacancy rate in Abilene, Texas is 12.3%, higher than the Texas average of 9.4%.
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