MULTIFAMILY MARKET REPORT
$1,022
Average Rent
*5+ Units only
2.4%
YTD Rent Change
89.6%
Occupancy
-1.2%
YTD Occupancy Change
8
YTD Properties Sold
831
YTD Units Sold
Permits vs Builds
Abilene's expanding population and economic growth have generated a heightened need for housing options. Consequently, several new apartment complexes are sprouting up throughout the city to address this demand.
-5.2%
'21 to '22
Y-O-Y Permit Change
100%
'21 to '22
Y-O-Y Units Built Change
*As of June 2023
Occupancy & Rent Trends
RENT vs OCCUPANCY
Average Monthly Mortgage Payment
$1,309
$867
Average Monthly Rent
*includes single family rentals and duplexes
ECONOMY
Abilene boasts a diverse and robust economy, driven by key sectors including healthcare, education, manufacturing, and agriculture. Major healthcare institutions like Hendrick Health System, along with prominent educational institutions, fuel job opportunities and innovation. The city's manufacturing spans aerospace, defense, and food processing, ensuring economic stability. Abilene's agricultural legacy remains strong, with ranching and farming contributing significantly. This diverse mix of industries positions Abilene as a dynamic economic hub in Texas.
1.8%
EMPLOYMENT GROWTH
*As of July (Numbers are Preliminary)
3.0%
JULY '23 UNEMPLOYMENT RATE
U.S UNEMPLOYMENT RATE
3.5%
