The Most Affordable Neighborhoods in Chimney Rock Area, Abilene, TX by Home Value

 

Chimney Rock Area, Abilene, TX Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Chimney Rock Area area can be challenging. Home prices in Chimney Rock Area are now at a median cost of $302,811, higher than the Abilene average of $199,082.

The average cost of rent is $1,843/mo in Chimney Rock Area, primarily driven by the current value of real estate in the Chimney Rock Area area. In Chimney Rock Area, 13.47% of households rent, and 36.57% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Chimney Rock Area is $10,449 per month. Households that rent pay about 17.64% of their income on rent here. Chimney Rock Area’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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