Housing
Vacancy - 15.8%
The Abilene-San Angelo, TX Market ranks 18th in Vacancy across STI Markets with a Vacancy rate of 15.8%. That is 43,777 Vacant Housing units compared to 232,614 Occupied units.
Average Home Value - $281,605
The Average Home Value for owner occupied housing units in the Abilene-San Angelo, TX Market is $281,605. This ranks 129th across STI Markets. Over the last 2 years there has been a change of 6% in this markets Average Home Value, compared to a national change of 7.9%. This 2 year change in home values ranks 128th across STI Markets.
Figure 55: Home Value 2year History
Mortgage Risk Level - Low
Mortgage Risk is defined as the ratio of recent residential loan amount to income for new home purchases. The Mortgage Risk for the Abilene-San Angelo, TX Market is 2.5. The market subsequently ranks 139th across STI Markets. This is considered to be a Low level of mortgage risk.
Affordability Level - Accessible
Overall Affordability can be classified in a similar fashion, comparing the Markets Average Home Value with the Average Household Income. This Affordability ratio currently sits at 3.1. The Abilene-San Angelo, TX Market therefore earns the Accessible classification for housing affordability and ranks 134th across STI Markets. The following chart shows how markets compare between these two measure. Note the breaks between affordability classifications are 3, 5, and 7.
Figure 60: Affordability Comparision
