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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Addison, TX Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Addison, TX Housing Market Trends

With 17,310 people, 9,561 houses or apartments, and a median cost of homes of $546,230, Addison real estate is some of the most expensive in Texas, although Addison home values aren't among America's most expensive.

Large apartment complexes or high rise apartments are the single most common housing type in Addison, accounting for 73.15% of the town's housing units. Other types of housing that are prevalent in Addison include single-family detached homes ( 14.62%), duplexes, homes converted to apartments or other small apartment buildings ( 8.42%), and a few row houses and other attached homes ( 3.81%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Addison is dominated by renter-occupied one, two, or no bedrooms apartments. 82.69% of Addison's dwellings are rentals.

There is a lot of housing in Addison built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Addison built between 2000 and later ( 32.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.15%).

Addison Home Appreciation Rates

Appreciation rates for homes in Addison have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.24%, which ranks in the top 50% nationwide. This equates to an annual average Addison house appreciation rate of 6.53%.

Over the last year, Addison appreciation rates have trailed the rest of the nation. In the last twelve months, Addison's appreciation rate has been 4.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Addison were at 1.89%, which equates to an annual appreciation rate of 7.76%.

Relative to Texas, our data show that Addison's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Addison differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Addison - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Addison real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$546,230

Addison, TX Home Prices
> $1,403,000
$1,052,001 - $1,403,000
$702,001 - $1,052,000
$561,001 - $702,000
$421,001 - $561,000
$280,001 - $421,000
$141,001 - $280,000
$70,001 - $141,000
$0 - $70,000
0.0%
0.0%
0.7%
0.7%
9.9%
9.9%
20.8%
20.8%
36.7%
36.7%
16.2%
16.2%
15.5%
15.5%
0.0%
0.0%
0.2%
0.2%
0% 100.0%
% of Homes
Very High

for Texas

Very High

for nation

Number of Homes And Apartments:

9,561

Addison Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,617 / per month

Homeownership Rate

Owners
Renters
17.3%
17.3%
82.7%
82.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.6%
9.6%
90.4%
90.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
32.3%
32.3%
62.5%
62.5%
5.2%
5.2%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
14.6%
14.6%
3.8%
3.8%
8.4%
8.4%
73.1%
73.1%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
11.5%
11.5%
40.1%
40.1%
32.4%
32.4%
12.7%
12.7%
2.8%
2.8%
0.4%
0.4%
0% 100.0%
% of Homes