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Addison in the News
10 Steps to Buying a House
Buying a home can be challenging, especially in a competitive market. While some details may vary, the core steps of the buying process remain consistent, and understanding these steps can help you achieve your goal and turn your dream into reality. Regardless of when...
August 17th: Business as Usual While Many Panic Over the NAR Lawsuit Requirements
Aug 17th. Mark it on your calendars, fellow realtors, because that’s the day we’re all supposed to hit the panic button. Or at least, that’s what everyone seems to be saying. Thanks to the recent
Finding the Perfect Rental: A Fun Informative Guide
Finding the perfect rental apartment can feel overwhelming. Don’t worry, we’re here to turn this daunting task into an organized joy. It’s all about planning.
Understanding the Fees Associated with your Lease
Leasing fees are payments made by a lessee to lessor for the use of an asset, typically property, for a specified period. A lease is a legal contract of terms.
HOW TO – Getting Approved for a Lease
A list of 7 things needed to get approved for a lease when applying with an apartment community, or individually owned condo, townhouse or single family home.
Addison Community Demographics:
Addison, Texas, located just north of Dallas, is a vibrant and dynamic community known for its thriving business district, diverse dining scene, and energetic lifestyle. With a small-town feel and big-city amenities, Addison attracts professionals, families, and foodies alike. Below are key demographic highlights:
Population Overview
• Total Population: ~16,000 residents
• Median Age: 33 years old
• A youthful and energetic population with a mix of young professionals, families, and retirees.
• Diversity:
• White (Non-Hispanic): ~50%
• Hispanic/Latino: ~25%
• Black/African American: ~15%
• Asian: ~8%
• Other/Mixed: ~2%
Income & Employment
• Median Household Income: ~$75,000
• Employment:
• Major industries include technology, healthcare, finance, and hospitality.
• Many residents work in Addison’s bustling business district or commute to nearby Dallas.
Education
• Education Levels:
• Bachelor’s Degree or Higher: ~50%
• Residents are well-educated, with many employed in professional and managerial roles.
Housing Market
• Median Home Value: ~$400,000
• Average Rent: ~$1,800–$2,500 per month, depending on size and amenities.
• Homeownership vs. Renting:
• Renters: ~60%, with a wide variety of luxury apartments and townhomes.
• Homeowners: ~40%, typically in single-family homes or modern townhomes.
• Housing Types:
• A mix of luxury apartments, contemporary townhomes, and single-family homes.
• Many properties feature modern amenities and walkable locations.
Lifestyle & Amenities
• Dining & Entertainment:
• Known as the Restaurant Capital of the U.S., Addison boasts over 200 restaurants offering global cuisines.
• Popular destinations include Addison Circle, Village on the Parkway, and Belt Line Road, known as “Restaurant Row.”
• Parks & Recreation:
• Over 10 parks, including Addison Circle Park, which hosts annual events like Kaboom Town (a top-rated fireworks show) and the Addison Oktoberfest.
• Miles of walking and biking trails for outdoor enthusiasts.
• Shopping:
• Proximity to Galleria Dallas and other premier shopping destinations.
Transportation
• Proximity: Just 13 miles north of downtown Dallas, making it a short drive to major business hubs.
• Public Transit: Served by DART bus routes, with plans for future rail expansion to Addison.
• Commuter-Friendly: Easy access to major highways, including the Dallas North Tollway and LBJ Freeway.
Community & Culture
• Thriving Social Scene: Addison hosts numerous festivals and events throughout the year, making it a vibrant and connected community.
• Business Hub: A major employment center with over 10 million square feet of office space.
• Pet-Friendly: Parks and pet-friendly restaurants make Addison a great place for pet owners.
Notable Statistics
• Marital Status:
• Single: ~55%
• Married: ~40%
• Other: ~5%
• Household Composition:
• Average household size: 2.1 people.
• A mix of single professionals, couples, and families.
Key Highlights
• Events and Entertainment: Addison is famous for its festivals, including Taste Addison, showcasing the best of local food and entertainment.
• Walkable Urban Vibe: Addison Circle and surrounding areas provide a pedestrian-friendly lifestyle with shopping, dining, and nightlife steps away.
• Dynamic Economy: Home to a significant business district and numerous corporate headquarters.
Addison combines the best of suburban living with urban convenience, making it an ideal choice for professionals, families, and anyone seeking a vibrant, amenity-rich community. With its rich dining options, active social calendar, and proximity to Dallas, Addison is a dynamic and inviting place to call home.
