Addison, TX Homes for Sale

Addison - Residential Profile

Addison is known as “The Restaurant Capital of Texas” with more restaurants per capita than any other city west of the Mississippi. Since its humble rural beginnings in the cotton gin industry, Addison has grown to become a diverse community with beautifully landscaped residential communities, towering office buildings, business complexes, hotels, and restaurants, all packed within the town’s 4.3 miles.

More by design than mere coincidence, Addison owes its business and residential development to forward thinking city planning during the 1970s and 1980s that included the construction of its first town park and an aggressive beautification program. That planning has resulted in eight parks that encompass 118 acres.

Located directly north of Dallas, Addison’s location has been advantageous to luring business dollars. With so many office complexes and commercial and industrial businesses, Addison’s daytime population typically reaches about 100,000 during the workweek as people drive in to work in the more than 2,000 businesses that call Addison home. Addison is favored by Business travelers for its Airport, that services private and corporate jets, as well as jet fleets, and for its many hotels that ensure visitors enjoy a comfortable stay.

As with the rest of the DFW area, Addison’s residential population has also increased. The city is home to 21 apartment complexes and more than 1,500 single family homes and town homes. Addison is also home to several prestigious shopping outlets, including the Dallas Galleria with Nordstrom and Saks Fifth Avenue.

Addison’s sense of community is demonstrated through its citywide annual events. “Taste Addison” in May features cuisine from more than 50 Addison restaurants and national, regional and local musical entertainment. Every year on July 3rd, Addison celebrates “Kaboom Town” featuring a spectacular fireworks display, as well as “Oktoberfest” in September, which is an authentic German-style celebration. As such, Addison is very popular with milllenials and empty nesters who want to enjoy an active nightlife and lifestyle.

SCHOOLS

Families are served by the Dallas Independent School District and the Carrollton/Farmers Branch Independent School District.

ADDISON REAL ESTATE FACTS

During the three months ending July 31, 2017:

  • Median sales price of homes sold $370,700 (+2.1% YoY)
  • Houses sold averaged 11 days on market

ADDISON PROPERTY TAXES

Addison property tax rates for 2016, as a percentage of tax appraisal value, range from 2.08 percent to 2.19 percent, depending on ISD.

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