The typical owner-occupied home in Abilene is worth about $131,500, 39% below the Kansas median of $217,200 and 60% below the national median of $332,700. Owners pay a median $2,140 a year in property taxes, about 1.63% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $57,924 a year, so the median home costs 2.3 times the median income (2.9 times for Kansas). 74% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Abilene at a glance
| Abilene | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $131,500 | $217,200 | $332,700 |
| Median property tax paid per year | $2,140 | $2,798 | $3,119 |
| Property tax as a share of value | 1.63% | 1.29% | 0.94% |
| Median household income | $57,924 | $74,275 | $80,734 |
| Homes lived in by their owners | 74% | 67% | 65% |
| Owner homes with a mortgage | 42% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,134 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 17.4% | 19.4% | 21.0% |
| Median rent | $1,022 | $1,060 | $1,413 |
| Rent as a share of renters' income | 33.8% | 27.1% | 30.6% |
| Median year homes were built | 1954 | 1976 | 1980 |
| Vacant homes | 7.0% | 9.2% | 10.1% |
| Population | 6,449 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Abilene
At this week's average 30-year rate of 7.11%, buying the median Abilene home of $131,500 with 20% down costs about $941 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,160, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $40,333 for the 20%-down payment. That payment is 19% of the median Abilene household income of $57,924; at that income and 20% down, the 28% guideline points to a home of about $189,000.
The median rent here is $1,022 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $26,300 |
|---|---|
| Loan amount | $105,200 |
| Principal and interest | $708 |
| Property taxes (1.63% a year) | $179 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| PMI | $0 |
| Total per month | $941 |
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| Down payment | $4,602 |
|---|---|
| Loan amount | $129,118 |
| Principal and interest | $869 |
| Property taxes (1.63% a year) | $179 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| FHA mortgage insurance | $58 |
| Total per month | $1,160 |
Change the numbers in the calculator
Questions about home buying in Abilene
What is the median home value in Abilene?
About $131,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Abilene?
Homeowners pay a median $2,140 a year, which is about 1.63% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Abilene?
For the median home with 20% down at 7.11%, the payment is about $941 a month. Keeping that under 28% of gross income takes about $40,333 a year.
More about Abilene
- Mortgage Refinance in Abilene
- Debt Relief in Abilene
- Home Equity Loans in Abilene
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data