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May 28, 2023
Below we provide helpful information on the real estate market, home prices and housing affordability in Abilene. Understand how much you need to earn to afford a home in Abilene, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Abilene fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Abilene is right for you.
The median home value for Abilene, TX (Taylor County) is $170,292
Based on current mortgage rates and a 10% down payment, you need to make $35,526 per year to buy the median priced home in Abilene
With this income, you could qualify for a $153,263 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Abilene is $823
The median household income for Abilene, TX (Taylor County) is $54,093
Based on this income, you can afford a home valued at approximately $259,296
The home price you can afford to buy based on household income in Abilene is 152% of the median home value which means housing prices are average. Abilene (Taylor County) ranks 182 out of 254 counties in Texas and 1,817 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Abilene, TX is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Abilene (Taylor County) below.
Conforming loan limits for Abilene, TX
FHA loan limits for Abilene, TX
VA loan limits for Abilene, TX
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