What to know when moving to Addison, TX
Addison at a Glance
- The Vibe:
- A highly educated area where 61.3% of residents hold a bachelor's degree and 83.5% are renters.
- The Major Draw:
- Median household income is $82,577, providing a solid financial backdrop.
- The Reality Check:
- Median gross rent is $1,717, which is a significant cost for many.
- Commute:
- Only 2.1% of residents use public transit, indicating a car-dependent area.
- Top Tip:
- Budget for $1,717/month in rent to secure a place.
The 'Vibe' Check: Who Thrives Here?
Addison showcases a community with a strong educational focus, as evidenced by the 61.3% of residents with a bachelor's degree or higher. The high renter percentage at 83.5% indicates a transient lifestyle that may appeal to those seeking flexibility. However, the median household income of $82,577 suggests that while the area is financially viable, housing costs can still take a notable chunk of one's budget.
Probably not your spot if you are looking for low housing costs, as the median gross rent is $1,717.
Your Money: Housing & Cost Snapshot
- Median gross rent is $1,717, which may be a stretch for some budgets.
- Median owner-occupied home value is $455,800, reflecting the competitive housing market.
- 61.3% of residents hold a bachelor's degree, indicating a well-educated population.
- Poverty rate is 6.7%, showing a relatively stable economic environment.
Source: U.S. Census Bureau, ACS 5-Year Data Profiles.
Crime & Safety: What the Numbers Say
In Texas, the state-level crime rates indicate some trends worth noting. While violent crime has seen a decrease, property crime remains a concern.
- Violent crime: 345.5 per 100k compared to the national rate of 325.3, with a decrease of 21.8% since 2022.
- Property crime: 1,797.7 per 100k versus the national rate of 1,546.9, down 23.1% since 2022.
- Burglary: 247.5 per 100k, significantly higher than the national average.
- Motor vehicle theft: 249.9 per 100k, again above the national average.
Source: FBI Crime Data Explorer (state-level summarized data for Texas).
Schools & Higher Ed
Addison residents have access to a robust selection of educational institutions in the surrounding area.
- Total postsecondary institutions: 43
- Institutions with College Scorecard data: 42
- Nearby examples include Abilene Christian University and Amberton University.
Source: ArcGIS Postsecondary School Locations, NCES College Scorecard.
Weather & Getting Outside
While climate data is unavailable, Addison offers numerous parks and outdoor experiences that residents can enjoy.
- Arbor Hills Nature Preserve - 4.8 stars from 7,937 reviews
- Vitruvian Park - 4.7 stars from 3,989 reviews
- Addison Circle Park - 4.7 stars from 3,566 reviews
- Frontiers of Flight Museum - 4.7 stars from 3,553 reviews
Source: Google Places API.