Median Home PriceBETTER
$203,463.16
Median Rent
$1,651.36/mo
Price-to-Rent RatioBETTER
10.3
Property Tax RateTIE
1.80%
Price Change (1Y)BETTER
+2.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$14,173
Median Home Price
$208,878.83
Median RentBETTER
$1,307.7/mo
Price-to-Rent Ratio
13.3
Property Tax RateTIE
1.80%
Price Change (1Y)
-0.7%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$88,860
Key Differences
Home Prices
Abilene's median home price of $203,463.16 is lower than Lubbock's $208,878.83 by 3%.
Monthly Rent
Renting in Abilene costs $1,651.36/mo compared to $1,307.7/mo in Lubbock—a difference of $343.66/mo.
Buy vs Rent Verdict
Abilene favors either option, while Lubbock favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.