Can You Afford to Buy a Home in Abilene?
The median home in Abilene costs $172,800. To afford it at current mortgage rates with 20% down, you need a household income of about $50,143/year. Your monthly payment would be around $1,170, including taxes and insurance.
Based on national median home values adjusted by Abilene’s Regional Price Parity (90.36). Current 30-year fixed rate: 6.52% (Freddie Mac, as of Jun 11, 2026). Methodology
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Monthly payment breakdown
$172,800 home, 20% down, 6.52% rate, 30-year fixed
Rent vs. buy in Abilene
Buying is actually cheaper than renting here by $106/mo, and you build equity. Strong signal to explore homeownership.
What can you afford in Abilene?
Home price you can afford at each salary level (28% DTI, 20% down)
| Salary | Home you can afford | Monthly payment |
|---|---|---|
| $50K | $172K | $1,170 |
| $75K | $287K | $1,170 |
| $100K | $402K | $1,170 |
| $125K | $518K | $1,170 |
| $150K | $633K | $1,170 |
| $200K | $863K | $1,170 |
Based on 28% front-end DTI ratio, 20% down payment, 6.52% 30-year fixed rate, 1.1% property tax, ~$150/mo insurance.
Can common careers afford a home in Abilene?
Local median salary vs. the $50K needed to buy
Frequently asked questions
What salary do I need to buy a home in Abilene?
To comfortably afford the median home ($172,800) in Abilene with a 20% down payment and current mortgage rates, you need a household income of about $50,143. That keeps your housing costs at or below 28% of your gross income, which is the standard lender guideline.
How much does a house cost in Abilene?
The median home price in the Abilene, TX metro area is $172,800, based on the Census ACS 2023 median home value for the metro. Prices vary widely by neighborhood. A 20% down payment would be $34,560, or $8,640 at 5% down.
What would my monthly mortgage be in Abilene?
On a $172,800 home with 20% down at current rates, your estimated monthly payment would be $1,170 including principal, interest, property tax, and insurance. With only 5% down, add about $68/mo for PMI.
Is it cheaper to rent or buy in Abilene?
Median 2-bedroom rent in Abilene is $1,276/mo (HUD Fair Market Rent). The estimated mortgage payment on the median home is $1,170/mo. Buying and renting are close in monthly cost, but buying builds equity.