Addison, Texas Housing Market Prices
Addison Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 45% below the Texas median$142,014
-
Median rent 24% above the Texas median$1,743
Housing Market Overview
| Metric | Addison | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $142,014 | $258,873 | $248,835 |
| Price Trend (Annual %) | -19.2% | 9.2% | 7.5% |
| Median Gross Rent | $1,743 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Addison is about 45% lower than in Texas. Rent is about 24% higher than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2018
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Addison: home prices fell about 19.2% a year while rent rose about 5.7% a year. That is an unusual pattern worth watching.
Median rent in Addison rose about 69.2% between 2015 and 2024, from $1,030 to $1,743. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Addison.
Buying the median-priced home in Addison costs roughly 6.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Addison. The price-to-rent ratio in Texas is about 15.4.
| Metric | Addison | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $142,014 | $258,873 | $248,835 |
| Median Household Income | $72,551 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.0 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2018, the median home price in Addison fell about 37.2%, while median household income rose about 36.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Addison | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 15.0% | 56.7% | 58.5% |
| Rental Rate | 77.7% | 33.9% | 31.2% |
| Vacancy Rate | 7.3% | 9.4% | 10.2% |
| Median Tenure (years) | 7.0 | 14.0 | 15.0 |
| Median Year Moved In | 2019 | 2012 | 2011 |
Addison has a homeownership rate of 15.0%, lower than the Texas average of 56.7%. Its housing vacancy rate is 7.3%, compared with 9.4% in Texas.
Housing Stock
| Metric | Addison | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.67 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1997 | 1990 | 1978 |
| Median Number of Rooms | 3.4 | 5.4 | 5.5 |
The typical housing unit in Addison was built around 1997. On average, 1.7 people live in a home with about 3.4 rooms, staying for about 7.0 years on average.
Addison, TX Housing Compared With Nearby Cities
Addison, TX is the smallest of the 4 cities compared here, 20,794 residents against a local median of 139,254. The measure that sets Addison, TX apart most is homeownership: 16.2%, 71% below the local median of 56.6%. That is the weaker end of the local range on this measure.
Median home price tells the same story from another angle: $142,014 against a local median of $469,500, 70% below it. The cities themselves sit within 5.8% of each other on homeownership, a tighter band than the gap between any of them and Addison, TX, which makes it a genuine outlier here rather than one end of a wide local spread. Addison, TX has the 4th highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Addison, TX | 20,794 | $142,014 #4/4 | $1,743 #3/4 | 16.2% #4/4 |
| Farmers Branch, TX | 29,458 | $592,335 | $1,818 | 51.9% |
| Carrollton, TX | 139,254 | $469,500 | $1,727 | 57.8% |
| Plano, TX | 290,173 | $451,170 | $1,841 | 56.6% |
Frequently Asked Questions
Common questions about the housing market in Addison, Texas.
What is the median home price in Addison, Texas?
The median home price in Addison, Texas is $142,014, lower than the Texas average of $258,873.
What is the average home price in Addison, Texas?
The typical home price in Addison, Texas, reported as the median sale price, is $142,014. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Addison, Texas?
The median gross rent in Addison, Texas is $1,743 per month, higher than the Texas average of $1,402.
What was the median gross rent in Addison in 2020?
In 2020, the median gross rent in Addison, Texas was $1,378 per month.
What is the price-to-rent ratio in Addison, Texas?
The price-to-rent ratio in Addison, Texas is about 6.8, meaning it would take roughly 6.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Addison.
Are home prices or rent rising faster in Addison, Texas?
Home prices and rent are moving in opposite directions in Addison: home prices fell about 19.2% a year while rent rose about 5.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Addison, Texas?
15.0% of households in Addison, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Addison, Texas?
The housing vacancy rate in Addison, Texas is 7.3%, lower than the Texas average of 9.4%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →