What Does It Actually Cost to Buy a Home in Addison, Texas in 2026?
Addison home prices range from roughly $160,000 to $610,000, and the citywide median is nearly useless for pricing. Here is why, and what the 2026 Addison market actually looks like.
Anywhere from about $160,000 to roughly $610,000, and the reason that range is so wide has almost nothing to do with negotiation and everything to do with which building you are standing in. Zillow puts the average Addison home value at $499,626, down 0.7% over the past year. Redfin's Addison market page reported a median sale price of $607,000 for its October 2025 published month, down 7.7% year over year, at $276 per square foot. A later Redfin reporting month, April 2026, put the median at $492,246.
That is a 23% spread between two figures published by the same source about the same four-and-a-half square miles.
Neither is wrong. Both are close to useless as a pricing tool, and understanding why is the single most valuable thing a buyer or seller can know about this market.
Nine Sales a Month Is Not a Trend
Redfin counted nine homes sold in Addison in its October 2025 reporting month, down from fourteen a year earlier, and twelve in the most recent month. When a town clears roughly a dozen transactions a month, the median is simply whichever homes happened to close. One large detached house pulls the number up by six figures. Two small units in an older complex pull it back down.
Sellers who read a $607,000 median and price a 1,300-square-foot condo accordingly are going to sit. Buyers who read $492,246 and assume that buys a detached house are going to be disappointed. Both are reading a sample, not a market.
What the same Redfin data says about pace is far more useful. Homes averaged 80 days on market against 30 days a year earlier, and the Redfin Compete Score sits at 44, which the platform labels "somewhat competitive." The average home sells about 2% below list and goes pending in roughly 66 days, while what Redfin classifies as hot homes sell close to list price and go pending in about 32 days. That is a market with real separation between correctly and incorrectly priced inventory, and the seller absorbs the cost of guessing wrong.
Half the Town Is an Airport
Addison is a 4.4-square-mile urban enclave with 180-plus restaurants, 22 hotels and more than 12 million square feet of office space, and nearly half of that land is Addison Airport, established in 1956 on a 400-acre site and still operating with 24-hour U.S. Customs and roughly 600 based aircraft.
That single fact governs the housing market. There is no room. About 17,000 people live here while more than 120,000 are in town on a weekday, and the entire residential market is fitted into whatever land is left after you subtract the runway and the office corridor.
So the question in Addison is not which street. It is which product type. Redfin's current Addison inventory counted 22 condos for sale at a median list price of $359,000, alongside 20 townhouses and a thin band of detached houses. Those condos are not one market. They are at least three.
| Where | Typical current asking range | Typical size |
|---|---|---|
| Addison Circle, Meridian Lane, Spectrum Drive | $465,000 – $545,000 | ~1,600 – 2,000 sq ft |
| Older Addison Circle-area units and Calloway Drive | $350,000 – $420,000 | ~1,300 – 1,900 sq ft |
| Proton Drive and Ledgemont Lane complexes | $160,000 – $320,000 | ~750 – 1,430 sq ft |
Asking-price bands compiled from Redfin's Addison condo inventory as of August 2026. Texas is a non-disclosure state, so publicly available figures reflect list prices rather than recorded sale prices.
Look at that table and the $492,246-to-$607,000 median argument evaporates. A citywide median in Addison is an average of three different asset classes that happen to share a ZIP code.
Addison Circle, and Why the Density Was Deliberate
In the early 1990s the town concluded that its lack of a coherent core was capping its growth, and ran a public-private vision process to build one from nothing. The Congress for the New Urbanism documents what followed: a master plan by RTKL, development by Columbus Realty Trust and later Post Properties, on a vacant 80-acre site between the airport and the Dallas North Tollway that eventually grew to 124 acres. Leasing began in 1997. Today Addison Circle holds more than 2,400 residences across brownstones, townhouses, condominiums and apartments, plus 625,000 square feet of office, retail and restaurant space, representing over $500 million in private investment. It won a CNU Charter Award in 2002.
Southwest of the Tollway, UDR's Vitruvian Park added a 117-acre district around a spring-fed creek with 19 acres of green space, opening in January 2010. Vitruvian is overwhelmingly institutional rental rather than for-sale product, which matters to a buyer two ways: it is an amenity you can walk to, and it is competing supply absorbing demand that might otherwise bid on the small for-sale pool.
Between the two, Addison has more walkable residential fabric than almost any DFW suburb its size, and essentially no detached-lot subdivision left to build.
Considering a move to Addison or the wider North Dallas corridor? Schedule a private consultation and we will work out which Addison product type actually fits what you are trying to buy, and what it should trade for. You can also browse current Dallas-area listings or start with our buyer guide.
The 2026 Story: Transit Arrived, Housing Supply Did Not
DART's Silver Line launched on October 25, 2025, running 26 miles from Plano through Richardson, Addison, Carrollton, Coppell and Grapevine to DFW International Airport. The Addison station, formerly the Addison Transit Center, sits at 4925 Arapaho Road and was rebuilt for the opening. Addison did not scramble for this. The town began assembling land along the rail corridor in the 1980s, four decades before a train ran on it.
At that station, the town approved a development agreement in September 2025 for Addison Junction, a $240 million, 14-acre transit-oriented district by Quadrant Investment Properties. CultureMap Dallas reported the program: a 155,550-square-foot mass timber office building, a 140-room boutique hotel, 30,000 square feet of entertainment space, and The Hangar, a 12,000-square-foot aviation-themed event venue on DART land. The town is putting up $40 million for infrastructure and two public garages against more than $200 million in private capital, with groundbreaking expected in 2026.
Here is the line in that reporting a buyer should not skip: earlier concepts for the site envisioned more residential density, but market conditions and development partnerships steered the project toward commercial and entertainment uses instead.
Translated into housing terms, the largest project in Addison's pipeline adds jobs, a hotel, restaurants and rail-adjacent office space, and close to zero for-sale homes. In a landlocked 4.4-square-mile town clearing a dozen sales a month, that is a structural supply condition rather than a cycle.
What You Will Actually Pay in Taxes
The Town of Addison adopted a FY2026 property tax rate of $0.608100 per $100 of valuation at its September 9, 2025 Council meeting: $0.401899 general fund maintenance and operations, $0.025000 economic development, $0.006201 infrastructure investment, and $0.175000 debt service.
On the town's stated average Addison home value of $501,878, that produces an annual town tax bill of $3,051.92, about $158.47 more than the prior year, driven mainly by rising valuations rather than by the rate itself. The maintenance and operations portion actually decreased from FY2025. The debt service portion rose to reflect State Infrastructure Bank loans that replaced 2019 bond funding at a lower borrowing cost.
Read that number correctly. It is the town line only. Dallas County, Dallas College, Parkland Hospital District and your applicable school district all stack on top. Budget the full bill, not the municipal slice, and if you are buying a condo, add the HOA dues on top of both.
The $118.2 million FY2026 budget also carries a $35.3 million capital program, including reconstruction of Quorum Drive, Montfort Drive and Keller Springs Road, plus paver and tree well rehabilitation in Addison Circle. If you are buying along those corridors, ask about construction sequencing before you commit to a closing date.
Two Things to Verify Before You Write an Offer
Addison is split between two school districts. Most of the town falls within Dallas ISD, while the southern end of Spring Valley and Vitruvian Way fall within Carrollton-Farmers Branch ISD. District boundaries do not follow town limits, and CFB ISD serves portions of six different municipalities. Confirm attendance zoning address by address with the district itself, not from a listing sheet.
Second, pull the climate data. Redfin flags 115 Addison properties, about 9% of the town, as facing severe flood risk over the next 30 years, which it characterizes as minor overall and rising more slowly than the national average. That is a parcel-level question worth answering before the option period runs out.
Frequently Asked Questions
Is Addison mostly condos and townhomes?
The for-sale market skews heavily toward attached and vertical product. Addison Circle alone holds more than 2,400 residences across brownstones, townhouses, condominiums and apartments, and Redfin's current inventory shows 22 condos and 20 townhouses for sale against a much thinner detached pool. That is a direct consequence of geography: nearly half of Addison's 4.4 square miles is occupied by Addison Airport.
Why do Addison price reports disagree with each other so much?
Sample size and product mix. Redfin counted nine sales in one recent reporting month and twelve in another. At that volume, one unusual closing moves the median by tens of thousands of dollars, and the citywide figure is averaging together units asking $160,000 and units asking $545,000. Price off comparable product type, building, size and condition, never off a citywide median.
Does the DART Silver Line actually stop in Addison?
Yes. The Addison station at 4925 Arapaho Road opened with the Silver Line on October 25, 2025, on the 26-mile route linking Plano, Richardson, Addison, Carrollton, Coppell, Grapevine and DFW International Airport.
Will Addison Junction add new homes to buy?
Not meaningfully. The approved $240 million program is office, hotel, entertainment and event space. Reporting on the project notes that earlier concepts contemplated more residential density before the plan shifted toward commercial and entertainment uses. Expect it to add employment and amenities near the station rather than for-sale inventory.
Do I need a local agent to sell a home in Addison, or will any DFW agent do?
Across most of DFW, a competent metro-wide agent is fine. Addison is one of the places where that breaks down, because the pricing problem here is genuinely different. With roughly a dozen closings a month, there is frequently no clean comparable inside the town limits at all, so pricing requires knowing which North Dallas attached-product comps outside Addison are legitimately transferable and which are not, and how the Addison Circle premium behaves against older condo stock on Proton and Ledgemont. When you interview an agent, ask them to show you the specific comparable set they would use and explain why they chose it over the citywide median. If they lead with the median, keep interviewing. I have spent 22 years and more than $200 million in closed transactions in this market, including the North Dallas corridor running from Preston Hollow up through Addison, and pricing thin-inventory attached product is a specific skill rather than a general one. If you want to see that analysis run on your address, request a confidential valuation.
Working With Grey Square in Addison
I have watched Addison Circle mature from a leasing experiment on empty land into the most walkable square mile north of Uptown, and I have priced enough North Dallas attached product to know this town punishes agents who reach for the easy number. The work here is in the comp selection, and it is worth doing properly.
Thinking about selling in Addison? Request a confidential valuation and I will show you the comparable set behind the number rather than a citywide average. Buying instead? Schedule a private consultation, or read our seller guide if you are weighing a move within North Dallas.
Paul Blair is the founder and broker of Grey Square, a virtual real estate brokerage representing buyers and sellers across Dallas and Los Angeles. With 22 years in the business and more than $200 million in closed transactions, Paul works the full range of the market, from luxury homes in the Park Cities and Preston Hollow to estates in the Hollywood Hills and across the Westside. Connect with Paul and the Grey Square team at greysq.com. TX TREC #9011505 · CA DRE #01792671.