Mortgage payment estimates, closing cost breakdowns, and homebuying data for Abilene, Texas.
Pre-filled with Abilene median home price and Texas tax/insurance rates. Adjust for your property.
Estimated closing costs based on Texas rates and fees applied to Abilene prices.
The median home price in Abilene is $185,000, 40% below the Texas state median of $310,000. With a population of 125,182, Abilene is a mid-size city where home prices tend to be more accessible than in many parts of Texas.
Property taxes in Texas average 1.8% annually. This higher-than-average tax rate means a $185,000 home in Abilene would carry roughly $278/month in property taxes alone — plan accordingly. Homeowners insurance in Texas runs approximately $3,800 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Abilene is $950/month. The price-to-rent ratio in Abilene is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Abilene offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Texas's TDHCA My First Texas Home program.