Abilene is a hot market for ranch land in Texas. If you’re not convinced, we’re going to give your 4 reasons why you should invest in ranch land for sale in Abilene, TX and how to do it!
Texas had a big jump in real estate during the pandemic and recession, and Abilene was no different. But the good news is that Abilene wasn’t impacted like other big cities in Texas with high home prices. The average home price in Abilene is $145,700. Compared to the national average of $203,867, that’s almost a $50,000 difference!
Plus, Abilene properties have lower property tax rates than Texas and the nation. Based on the latest data from the US Census Bureau, Abilene property taxes average almost $2,000 while Texas properties are almost $3,000, and national property taxes are estimated at around $2,300.
Struggling to find affordable ranch land for sale in Abilene? Contact us!
Abilene is a soft seller’s market, meaning there are more buyers than sellers. This works in favor of the sellers because it’s their property that’s in demand. And as buyers, it can mean more competition. This is true for houses for sale in Abilene, but not ranch land. If you search for ranch land for sale in Abilene, TX on our website, you’ll find several options with varying price points.
Need help picking the right ranch land for you? Contact us!
Abilene is a great location for those who want city amenities but without city traffic. The city has a strong economy because of the balance between supply and demand for local jobs. And it’s only going to continue as more businesses move to the area. With more employers in the area, means there will be more job opportunities and more people moving to the area. This will have cheaper employment costs and a low cost of living.
Abilene has seen a 16% appreciation rate with its affordable housing. Housing prices have increased by almost $22,000 over the course of a year. That’s a little over $4,000 of the national average! And over the past three years, home prices have appreciated by over $35,000. For five years, homes have appreciated by about $43,000.
As the data tells you, buying ranch land for sale in Abilene, TX is a smart future investment for yourself and your wallet.
If you’re interested in purchasing ranch land for sale in Abilene, Texas, there are a few things you should consider. If you’re looking at ranch land as an investment, you should look at the employment rate and where primary companies are located to see if you have possible tenants. If you’re seeking ranch land for you and your family, you should look into the crime rate and where the major highways, schools, and airports are.
If you’re opting for investing, there are a few strategies you can use. The first one is the buy-and-hold method. This means buying a property and holding onto it for a long period of time. It implies you’ll have renters to pay for a mortgage and to create a profit. Then you’d sell when it is profitable to you.
The second option is turning it into a short or long-term rental for passive real estate investing. There are pros and cons to each length of time. Short-term rentals will require more turnover and maintenance as people come and go. This is when Airbnb and VRBO can come in handy. For the long term, rentals can help you finance another land purchase if you do it right. This lets you expand the number of assets you have.
Need help investing in ranch land for sale in Abilene, TX? Contact the Ekdahl Real Estate Team! No matter what the reason or budget is, we can help you!
