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Affordable
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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 $318,162, higher than the Illinois average of $300,242.
The average cost of rent is $1,596/mo in Addison, primarily driven by the current value of real estate in the Addison area. In Addison, 31.26% of households rent, and 45.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Addison is $7,589 per month. Households that rent pay about 21.02% of their income on rent here. Addison’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wood Dale, IL: equally priced homes
- Itasca, IL: higher priced homes
- Bensenville, IL: less expensive homes
- Villa Park, IL: equally priced homes
- Medinah, IL: higher priced homes
- Glendale Heights, IL: less expensive homes
- Elmhurst, IL: higher priced homes
- Bloomingdale, IL: higher priced homes
- Lombard, IL: equally priced homes
- Elk Grove Village, IL: equally priced homes
Cities with Similar Populations
- Arnold, MO: less expensive homes
- Okeechobee, FL: less expensive homes
- Lewiston, ME: less expensive homes
- Woodridge, IL: higher priced homes
- Grass Valley, CA: higher priced homes
- Lincolnton, NC: less expensive homes
- Carlsbad, NM: less expensive homes
- Sewell, NJ: higher priced homes
- Southampton, PA: higher priced homes
- Williamstown, NJ: equally priced homes
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