Similar to its surrounding areas, it is substantially less expensive compared to the US as a whole. However compared to the city of Detroit, it is a lot more expensive.
Home prices
The median home in Addison is valued at $92,100. This is approximately $3,140 (3%) lower compared to nearby areas.It is roughly $125,400 (57%) lower in comparison to the United States as a whole, and it is approximately $42,900 (87%) higher compared to the city of Detroit.
Rents
In Addison the median monthly rent is $658. This is approximately $52 (7%) lower compared to the surrounding areas.In comparison to the entire country it is approximately $404 (38%) lower, and in comparison to the city of Detroit is approximately $166 (20%) lower.
Nearby places
Cement City
Cement City is about 5 miles north from Addison. The real estate prices there are a bit less expensive. The median home in Cement City costs $73,200, which works out to $18,900 (25%) lower than Addison. Its rents are a bit more expensive. In Cement City the median monthly rent is $694, which is $36 (5%) higher than Addison.
Onsted
Onsted is roughly 7 miles east from Addison. The housing prices there are somewhat more expensive. The cost of the median home in Onsted is $128,300, which comes out to $36,200 (28%) higher than Addison. Its rents are pretty similar. Onsted's median monthly rent is $653, which is very similar to Addison.
North Adams
North Adams is about 7 miles west of Addison. Its housing prices are a bit less expensive. North Adams's median home value is $78,200, which works out to $13,900 (17%) lower than Addison. The rent there is somewhat more expensive. In North Adams the median rent is $775 a month, which comes out to $117 (15%) higher than Addison.
Hudson
Hudson is approximately 8 miles south from Addison. Real estate prices there are a bit less expensive. The median home in Hudson is valued at $80,700, which works out to $11,400 (14%) lower than Addison. Rent there is a little more expensive. Hudson's median monthly rent is $800, which is $142 (17%) higher than Addison.
Vineyard Lake
Vineyard Lake is approximately 8 miles northeast of Addison. Real estate prices there are a little more expensive. The median home cost in Vineyard Lake is $115,800, which is $23,700 (20%) higher than Addison. The rent there is fairly similar. In Vineyard Lake the median monthly rent is $628, which is $30 (4%) lower than Addison.
