Department of Numbers

Abilene Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Abilene, TX (the Abilene metro area) was $796 in 2015 according to the Census ACS survey.1 Average gross rent in Abilene was $789 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Abilene median and average rent data will be released in September of 2017.

Data is also available below for Abilene rental vacancy rates, Abilene rent as a percent of median income and the fraction of renters in Abilene.

Show dollars as: Nominal Real

Real Gross Rent in Abilene Texas (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Texas Median Gross Rent $932 +4.48% +11.88%
Abilene, TX Median Gross Rent $796 -1.73% +6.13%

Abilene, TX Real Gross Rent Trends

Median gross rent for Abilene peaked in real terms in 2014 at $810 and is now $14 (1.73%) lower. At $789, real average gross rent in Abilene was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Abilene: Abilene TX Median, Abilene TX Average, Texas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Abilene

Date US
Median
Texas
Median
Abilene, TX
Median
Abilene, TX
Average
2015 $959 $932 $796 $789
2014 $930 $892 $810 $761
2013 $898 $851 $711 $698
2012 $886 $833 $750 $724
2011 $887 $828 $716 $693
2010 $901 $844 $791 $757
2009 $905 $847 $765 $737
2008 $920 $857 $765 $785
2007 $874 $813 $740 $689
2006 $883 $823 $764 $748
2005 $858 $791 $720 $687

Abilene Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Abilene Texas was 4.94% according to Census ACS data.

Rental Vacancy Rate in Abilene Texas

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Texas 6.95% -0.35% -1.58%
Abilene, TX 4.94% -1.37% -3.64%

Trends in Abilene, TX Rental Vacancy Rate

The rental vacancy rate in Abilene peaked in 2009 at 12.29%. Since then it has fallen by 7.35% to 4.94%. Data records for this series originated in 2005.

Rental Vacancy Rate: Abilene TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Abilene

Date US Texas Abilene, TX
2015 5.85% 6.95% 4.94%
2014 6.32% 7.30% 6.31%
2013 6.49% 7.86% 9.92%
2012 6.77% 8.53% 8.58%
2011 7.40% 9.23% 8.38%
2010 8.17% 10.60% 10.25%
2009 8.43% 10.69% 12.29%
2008 7.86% 10.24% 5.36%
2007 7.87% 10.61% 8.02%
2006 7.70% 10.28% 7.43%
2005 7.74% 10.60% 9.42%

Rent as a Fraction of Income

Using median household income data for Abilene, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Abilene, median monthly gross rent as a fraction of median household income was 20.14% in 2015 according to the ACS.

Abilene Texas Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Texas 20.10% -0.18% +0.44%
Abilene, TX 20.14% -1.90% -0.54%

Trends in Abilene, TX Rent as a Fraction of Income

The fraction of median Abilene household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 22.18%. Since then it has fallen by 2.04% to 20.14%. From a 2013 low of 19.46%, the fraction of income going to rent has increased by 0.68%.

Fraction of Income towards Rent: Abilene TX, Texas, US

Percent of median household income going towards median monthly gross rent in Abilene Texas

Historical Data for Annual Rent as a Fraction of Income in Abilene Texas

Date US Texas Abilene, TX
2015 20.63% 20.10% 20.14%
2014 20.89% 20.27% 22.05%
2013 20.78% 19.89% 19.46%
2012 20.65% 19.65% 20.68%
2011 20.70% 19.75% 20.75%
2010 20.50% 19.77% 22.18%
2009 20.12% 19.59% 19.90%
2008 19.00% 18.42% 19.59%
2007 18.66% 18.52% 20.36%
2006 18.90% 18.99% 19.91%
2005 18.89% 19.11% 20.63%

Renter Fraction in Abilene Texas

You can calculate the renter fraction in Abilene in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Abilene as a fraction of total Abilene households. In 2015 39.29% of households were renters according to Census ACS data.

Abilene Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Texas 38.94% +0.10% +1.22%
Abilene, TX 39.29% +0.81% -0.83%

Trends in the Abilene, TX Renter Fraction

The Abilene household renter fraction peaked in in 2012 at 40.12% and is now 0.83% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Abilene TX, Texas, US

Fraction of renters in Abilene

History of Abilene Renter Fraction

Date US Texas Abilene, TX
2015 36.97% 38.94% 39.29%
2014 36.90% 38.84% 38.48%
2013 36.50% 38.16% 35.48%
2012 36.09% 37.72% 40.12%
2011 35.42% 37.08% 32.79%
2010 34.65% 36.42% 37.35%
2009 34.13% 36.32% 35.20%
2008 33.36% 35.10% 33.53%
2007 32.80% 34.82% 33.76%
2006 32.73% 34.75% 33.64%
2005 33.10% 35.29% 35.35%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.