Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 6,441, 2,944 total housing units (homes and apartments), and a median house value of $173,684, house prices in Abilene are solidly below the national average.
Single-family detached homes are the single most common housing type in Abilene, accounting for 76.29% of the city's housing units. Other types of housing that are prevalent in Abilene include large apartment complexes or high rise apartments ( 12.46%), duplexes, homes converted to apartments or other small apartment buildings ( 8.09%), and a few row houses and other attached homes ( 2.01%).
Dwellings in Abilene tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 47.91% of the homes in Abilene have two or fewer bedrooms.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Abilene's housing was primarily built during this period, from the '40s through the '60s. A full 34.80% of the city's housing hails from this era. Other housing ages represented in Abilene include homes built before 1939 ( 33.68%) and housing constructed between 1970-1999 ( 24.76%). There's also some housing in Abilene built between 2000 and later ( 6.76%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Abilene, where house values have increased just 41.58%, which is annualized rate of 3.54%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Abilene's appreciation rate, at 5.45%, has been at or slightly above the national average. In the latest quarter, Abilene's appreciation rate has been 4.94%, which annualizes to a rate of 21.27%.
Importantly, this makes Abilene one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Kansas, our data show that Abilene's latest annual appreciation rate is lower than 70% of the other cities and towns in Kansas.
$173,684
for Kansas
for nation
2,944
$1,144 / per month