Mortgage payment estimates, closing cost breakdowns, and homebuying data for Abilene, Texas.
Median Home Price
$185K
Population
125K
Avg Monthly Rent
$950
Property Tax Rate
1.8% *
* Property tax shown is the Texas state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Abilene.
Abilene vs Texas Median
The median home price in Abilene is $185,000, which is 40% below the Texas state median of $310,000.
Mortgage Calculator — Abilene, TX
Pre-filled with Abilene median home price and Texas tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $185K home using Texas's 1.8% tax rate and $3,800/yr insurance.
5% Down
$1,808/mo
Down: $9,250
Loan: $176K
P&I: $1,111
Tax: $278
Insurance: $317
PMI: $103
10% Down
$1,744/mo
Down: $18,500
Loan: $167K
P&I: $1,052
Tax: $278
Insurance: $317
PMI: $97
20% Down (No PMI)
$1,530/mo
Down: $37,000
Loan: $148K
P&I: $935
Tax: $278
Insurance: $317
Income needed (28% rule): $66K/year with 20% down, $75K/year with 10% down.
Rent vs Buy in Abilene
Rent
$950/mo
vs
Buy (10% down)
$1,744/mo
Price-to-rent ratio: 16.2 — A ratio between 15-20 means the rent vs buy decision in Abilene depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
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.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Abilene.