Similar to nearby areas, it's substantially less expensive compared to the rest of the country.
Home prices
Abilene's median home cost is $120,400. It is roughly $4,667 (4%) higher compared to other places in this area.It is roughly $97,100 (44%) lower compared to the rest of the nation.
Rents
Abilene's median rent is $924 per month. This is approximately $84 (10%) higher compared to its nearby areas.It is about $138 (12%) lower in comparison to the US as a whole.
Nearby places
Tye
Tye is Abilene's neighbor to the west. Its real estate prices are significantly less expensive. The median home in Tye costs $68,100, which is $52,300 (76%) lower than Abilene. The rent there is somewhat less expensive. In Tye the median rent is $857 per month, which works out to $67 (7%) lower than Abilene.
Potosi
Potosi is Abilene's neighbor to the south. Its housing prices are substantially more expensive. The median home in Potosi is valued at $214,900, which comes out to $94,500 (43%) higher than Abilene. The rent there is a bit more expensive. The median rent in Potosi is $1,184 per month, which comes out to $260 (21%) higher than Abilene.
Hawley
Hawley is about 11 miles north from Abilene. The real estate prices there are substantially less expensive. The median home in Hawley costs $82,300, which is $38,100 (46%) lower than Abilene. Its rents are a little less expensive. The median monthly rent in Hawley is $763, which is $161 (21%) lower than Abilene.
Clyde
Clyde is roughly 12 miles east from Abilene. Its real estate prices are a bit less expensive. The value of the median home in Clyde is $113,700, which works out to $6,700 (5%) lower than Abilene. The rent there is fairly similar. Clyde's median monthly rent is $910, which works out to $14 (1%) lower than Abilene.
Buffalo Gap
Buffalo Gap is approximately 13 miles south of Abilene. Its real estate prices are a bit more expensive. Buffalo Gap's median home price is $152,300, which is $31,900 (20%) higher than Abilene. Its rents are significantly less expensive. In Buffalo Gap the median monthly rent is $693, which is $231 (33%) lower than Abilene.
Merkel
Merkel is about 14 miles west from Abilene. Real estate prices there are significantly less expensive. The value of the median home in Merkel is $63,100, which is $57,300 (90%) lower than Abilene. Rents there are substantially less expensive. Merkel's median monthly rent is $633, which comes out to $291 (45%) lower than Abilene.