Department of Numbers

Abilene, Texas Home Affordability

The data below measures home affordability for the Abilene, Texas metropolitan area using price-to-income and price-to-rent metrics.1 The maximum affordable loan amount for the median household income is also calculated. You can also compare Abilene home affordability to other cities.

Abilene, Texas Home Price-to-Income Ratios

The second chart shows a history of the ratio as an index calculated from the Federal Housing Finance Agency's Abilene HPI series. Median household income data for Abilene is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Abilene, Texas Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
September 2011 125.8
June 2011 124.5
March 2011 125.6
December 2010 126.5
September 2010 127.2
June 2010 125.6
March 2010 127.6
December 2009 119.2
September 2009 120.3

Abilene, Texas Home Price-to-Rent Ratios

The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Abilene median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Abilene, Texas Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
September 2011 103.0
June 2011 102.0
March 2011 102.8
December 2010 103.6
September 2010 104.2
June 2010 102.8
March 2010 104.5
December 2009 108.7
September 2009 109.6

Abilene, Texas Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Abilene, Texas and calculating the mortgage 30% of that income could afford. Traditionally, 30% of income is the maximum amount a homeowner could use towards a home loan. Inferred affordable loan values are calculated from ACS median household income and average monthly mortgage rates.

Inferred Affordable Mortgage

Abilene, Texas Inferred Affordable Mortgage History

Date Inferred Mortgage
November 2011 $213,017
October 2011 $210,973
September 2011 $209,961
August 2011 $205,987
July 2011 $199,299
June 2011 $200,234
May 2011 $197,218
April 2011 $192,710
March 2011 $192,710
February 2011 $190,297
January 2011 $194,494
December 2010 $195,622
November 2010 $205,255

1. Specifically, home prices are from the non seasonally adjusted FHFA all-transactions quarterly series. Dollar ratios are calculated using NAR metro prices when available. Rent and income data are from the Census ACS and are carried forward into the following year prior to release of the new data. ↩

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