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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 $431,189, higher than the Texas average of $322,096.
The average cost of rent is $1,818/mo in Addison, primarily driven by the current value of real estate in the Addison area. In Addison, 82.85% of households rent, and 31.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Addison is $6,360 per month. Households that rent pay about 28.58% of their income on rent here. Addison’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Farmers Branch, TX: equally priced homes
- Carrollton, TX: less expensive homes
- Hebron, TX: higher priced homes
- Richardson, TX: equally priced homes
- University Park, TX: higher priced homes
- Coppell, TX: higher priced homes
- Plano, TX: higher priced homes
- The Colony, TX: higher priced homes
- Highland Park, TX: higher priced homes
- Irving, TX: equally priced homes
Cities with Similar Populations
- Aldine, TX: less expensive homes
- Cedar Mill, OR: higher priced homes
- Jayuya, PR: less expensive homes
- La Crescenta, CA: higher priced homes
- Verona, PA: less expensive homes
- Valle Vista, CA: less expensive homes
- Clayton, MO: higher priced homes
- Hershey, PA: less expensive homes
- Taft, CA: less expensive homes
- Cudahy, WI: less expensive homes
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