Abilene, TX—79602
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Abilene, TX
As of Oct '25, the median home price in Abilene, TX is $251,000, with a year-over-year change of 1.0%. This indicates that home prices in Abilene, TX are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $251,000 | 1.0% |
| Single Family | $251,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $118,000 | -0.8% |
3 Bed | $248,000 | 1.6% |
4 Bed | $370,000 | 2.8% |
| 5 Bed | $613,000 | 3.4% |
% of Housing Stock
Rental Trends — Abilene, TX
As of July '25, Rentcast reports the average rent in Abilene, TX is $1,760, with a year-over-year rent change of 16.6%. Per bedroom, the median rent as of July '25 in Abilene, TX is 1-bedrooms: $794, 2-bedrooms: $1,110, 3-bedrooms: $1,960, 4-bedrooms: $2,480. The most common rental property sizes in Abilene, TX are 2-bedroom and 3-bedroom, accounting for 35.0% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,760 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $695 | $794 |
| 2 Bed Rent | $1,200 | $1,110 |
| 3 Bed Rent | $1,950 | $1,960 |
| 4 Bed Rent | $2,500 | $2,480 |
% of Rental Stock
Property Listings — Abilene, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Abilene, TX is 71. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $254,000 | -8.0% |
Listing Count | 232 | 14.0% |
| Listings as % of Homes | 1.5% | 14.0% |
Days on Market | 71 | 1.0% |
Demographics — Abilene, TX
As of the latest ACS Survey released in 2023, Abilene, TX has a population of 26,600, which has increased by 7.8% over the past 5 years. Abilene, TX is a moderately popular place for families, as children make up 23.2% of the population. The area has a moderately educated workforce, with 33.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,600 | 7.8% |
% Under 18 | 23.2% | -19.2% |
% Seniors | 15.6% | 32.2% |
% WFH | 8.8% | 66.0% |
% w/ College Degree | 33.9% | 13.4% |
As of the latest ACS Survey released in 2023, Abilene, TX is a predominantly white area, with 63.8% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Abilene, TX is hispanic, making up 21.6% of the population. Foreign-born residents account for 6.3% of the population in Abilene, TX, and this percentage has increased by 26.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 63.8% | -7.4% |
% Black | 10.4% | 60.0% |
% Hispanic | 21.6% | 2.9% |
% Asian | 1.7% | 21.4% |
% Foreign Born | 6.3% | 26.0% |
Mortgage and Risk — Abilene, TX
According to HUD data as of 2023, there were 496 mortgage originations in Abilene, TX, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Abilene, TX. Investor activity is low, as 5.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 496 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Abilene, TX
As of 2024, the percent of homes in Abilene, TX under the Section 8 program is 11.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Abilene, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 281 |
Total Units Section 8 | 282 |
% Rentals under Section 8 | 11.3% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $245 | $695 | $940 |
| 2 Bedroom | $0 | $1,200 | $1,200 |
| 3 Bedroom | -$390 | $1,950 | $1,560 |
| 4 Bedroom | -$610 | $2,500 | $1,890 |
Affordability — Abilene, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $251,000 |
| Median Household Income | $84,800 |