Abilene, TX Federal Housing Finance Agency Home Price Index (FHFA HPI)

Abilene is a city in and the county seat of Taylor County, Texas. The population was 117,063 according to the 2010 census, making it the 27th-most populous city in the state of Texas. It is the principal city of the Abilene Metropolitan Statistical Area, which had a 2010 estimated population of 166,416. It is the county seat of Taylor County. Dyess Air Force Base is located adjacent to the city.

Home equity is the portion of a homeowners property that they own outright. Home prices in the Abilene, TX Federal Housing Finance Agency house price index have risen steadily over the past few years, and home equity has followed suit. Currently, the average home in the Abilene metro area is worth $142,000, up from $138,000 in 2017. This increase in value has led to a corresponding increase in home equity, with the average homeowner now having $51,000 in equity, up from $48,000 last year.

There are a number of factors driving the increases in both home prices and equity values in Abilene. The city's economy is strong, with a low unemployment rate and a diverse mix of industries. The population is growing, as people are attracted to the city's amenities and quality of life. And, finally, interest rates remain low, making financing a home purchase more affordable.

For the most part, the rise in home prices and equity values is good news for Abilene homeowners. However, there is a potential downside to the trend. If home prices continue to increase at a faster rate than incomes, it could price some potential buyers out of the market. This could lead to a decrease in demand for homes, and eventually, a decline in values. For now, though, the outlook for the Abilene housing market is positive, and homeowners are enjoying the benefits of rising equity values.