The Most Affordable Neighborhoods in Addison, NY by Home Value

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 $116,568, lower than the New York average of $610,895.

The average cost of rent is $887/mo in Addison, primarily driven by the current value of real estate in the Addison area. In Addison, 21.77% of households rent, and 49.62% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Addison is $5,474 per month. Households that rent pay about 16.20% of their income on rent here. Addison’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.

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

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