Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Addison area can be challenging. Home prices in Addison are now at a median cost of $128,751, lower than the Alabama average of $185,232.
The average cost of rent is $794/mo in Addison, primarily driven by the current value of real estate in the Addison area. While nearly 55.62% of residents own their homes outright in Addison, 18.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in Addison is $4,393 per month. Households that rent pay about 18.07% of their income on rent here. Addison's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- New Georgia, AL: less expensive homes
- Inmanfield, AL: less expensive homes
- Upshaw, AL: equally priced homes
- Houston, AL: higher priced homes
- Moreland, AL: less expensive homes
- Logan, AL: equally priced homes
- Grayson, AL: less expensive homes
- West Point, AL: higher priced homes
- Penn, AL: equally priced homes
- Double Springs, AL: less expensive homes
Cities with Similar Populations
- Waddington, NY: higher priced homes
- Walnut, IL: less expensive homes
- Bayfield, WI: higher priced homes
- Wyanet, IL: higher priced homes
- Winslow, AR: higher priced homes
- Republic, OH: less expensive homes
- Weeksville, NC: higher priced homes
- Challis, ID: higher priced homes
- Oakland, IA: equally priced homes
- Roxbury, CT: higher priced homes
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