Addison's January First-Time Homebuyer Report

The population of Addison is very affluent compared to others in Texas with a median income of $63,279 per household. It's also considered a very expensive city in terms of affordability with a cost of living adjustment score of 116.2. Addison is made up of homes that are of moderate age with a median of 20 years.

Culture

According to Foursquare, BJ's Restaurant and Brewhouse, Kenny's Wood Fired Grill, and Fogo de Chao Brazilian Steakhouse are the most popular spots to eat in Addison. One of the most popular places to get a drink is Flying Saucer Draught Emporium. And finally, The Original Pancake House is a frequently visited spot to get some coffee

Price Range

Addison has some of the more expensive homes in the state with a median home value of $235,500 and a current average list price of $391,637.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Addison:

$1.5M   $115K   $319K  

Typical Dwelling

A three-bedroom detached home valued around $406,867 is considered a typical dwelling in Addison. If a buyer was looking for a similar home, they would need good credit and a $81,373 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,831 and the property tax rate is $17.84 per $1,000 of taxable assessed value.

Get started right now by checking out Addison homes for sale or reviewing Addison real estate trends.


Data reported through 1/12/2017

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