The housing market in Addison, IL is thriving, with the median value of homes being $294,300, which is significantly lower than the US House Median Value of $338,100. The 1 year house appreciation for Addison IL is also higher than the national average, at 9.73%, compared to 8.27%. This indicates that the housing market in Addison is very strong and it may be a good time to invest in property here.
The median home cost in Addison is $294,300. Home appreciation the last 10 years has been 63.3%. Home Appreciation in Addison is up 12.6%.
Average Age of Homes
- The median age of Addison real estate is 46 years old
The Rental Market in Addison
- Renters make up 30.6% of the Addison population
- 1.1% of houses and apartments in Addison, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.