Similar to nearby areas, it is somewhat more expensive compared to the entire nation. It is close to average compared to the city of Chicago.
Home prices
The median home cost in Addison is $250,100. In comparison to the surrounding areas it is roughly $7,320 (3%) higher.In comparison to the country as a whole it is roughly $32,600 (14%) higher, and it is approximately $7,900 (3%) lower in comparison to the city of Chicago.
Rents
The median rent in Addison is $1,058 a month. It is approximately $158 (13%) lower in comparison to nearby areas.It is is very similar compared to the entire country, and compared to the city of Chicago is about $54 (4%) lower.
Nearby places
Wood Dale
Wood Dale is Addison's neighbor to the northeast. The housing prices there are somewhat less expensive. The median home in Wood Dale is valued at $236,900, which comes out to $13,200 (5%) lower than Addison. Rent there is somewhat more expensive. In Wood Dale the median rent is $1,244 a month, which is $186 (14%) higher than Addison.
Glendale Heights
Glendale Heights is Addison's neighbor to the west. The real estate prices there are somewhat less expensive. The median home in Glendale Heights costs $194,400, which works out to $55,700 (28%) lower than Addison. Rent there is a little more expensive. The median monthly rent in Glendale Heights is $1,272, which comes out to $214 (16%) higher than Addison.
Villa Park
Villa Park is Addison's neighbor to the southeast. Its housing prices are pretty similar. The median home in Villa Park costs $245,800, which works out to $4,300 (1%) lower than Addison. Its rents are a little more expensive. In Villa Park the median monthly rent is $1,161, which works out to $103 (8%) higher than Addison.
Itasca
Itasca is roughly 3 miles north from Addison. Its housing prices are a bit more expensive. The median home in Itasca costs $319,500, which comes out to $69,400 (21%) higher than Addison. Its rents are somewhat more expensive. The median rent in Itasca is $1,277 a month, which comes out to $219 (17%) higher than Addison.
Bensenville
Bensenville is approximately 3 miles northeast of Addison. The real estate prices there are a bit less expensive. The cost of the median home in Bensenville is $217,300, which is $32,800 (15%) lower than Addison. Its rents are somewhat more expensive. In Bensenville the median monthly rent is $1,128, which comes out to $70 (6%) higher than Addison.
