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 $264,232, higher than the Illinois average of $242,002.
The average cost of rent is $1,190/mo in Addison, primarily driven by the current value of real estate in the Addison area. While nearly 38.44% of residents own their homes outright in Addison, 35.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in Addison is $6,300 per month. Households that rent pay about 18.89% of their income on rent here. Addison's most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Wood Dale, IL: equally priced homes
- Itasca, IL: higher priced homes
- Bensenville, IL: less expensive homes
- Villa Park, IL: less expensive 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: less expensive 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: equally priced homes
- Southampton, PA: higher priced homes
- Williamstown, NJ: less expensive homes
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