Saturday, November 11, 2006

Housing Report for Abilene

The residential housing values in Abilene, Texas have seen small increases from the real estate values reported in 2000. The valuations have increased by $2,800, or 4.5 percent, since 2000 when their medians were reported to be $61,700.

In Abilene, the U.S. Census Bureau, Population Division accounted for a total of 67,035 housing units in the year 2005. This represents a medium level of growth in the number housing units, adding a total of 1,155 residential structures since 2001, a change of 1.8 percent.

According to the data, there is a large amount of real estate that is affordable in Abilene, Texas. In 2005, 81.5 percent of owner-occupied dwellings were valued under $125k.

Abilene had an owner-occupied dwelling median in 2005 of $64,500, published by the American Community Survey. This value is less than the overall State of Texas 2005 median home value of $106,000 and less than median home value of $167,500 for the rest of the nation in that year.

Abilene has a small, but present proportion of residential real estate that is high priced. During the year 2005, the American Community Survey accounted that 0.9 percent of owner-occupied dwellings were valued over a half a million dollars.

Looking across the State of Texas, Abilene stands 23 of the 25 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 326 of 361, in terms of residential real estate percentage change compared to other United States metro areas.

Data Source: U.S. Census Bureau

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