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Bankruptcy Homes in Addison, TX 75001

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Living in Addison, TX

Addison, TX, is a bustling suburb of Dallas offering a unique blend of culture and convenience. Known for its excellent schools and diverse dining choices, it provides a family-friendly atmosphere. With plenty of recreational activities, Addison is an attractive location for residents seeking both vibrancy and comfort.

Current Market Conditions in Addison, TX

The real estate market in Addison is robust, supported by a strong local economy and high demand for housing. Home prices have seen steady growth, with both buyers and investors showing interest in the area. The combination of residential and commercial developments enhances the market’s attractiveness, making it a viable option for those looking to invest.

Recent trends indicate a rise in interest for multi-family and townhome developments, driven by the influx of young professionals and families seeking affordable housing options close to the urban core. Given the area's ongoing growth, real estate values are expected to continue appreciating in the coming years.

Home Value Estimator For Addison, TX

There are currently 2,721 real estate properties in Addison, TX, with a median automated valuation model (AVM) price of $486,747.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Addison, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Addison, TX, is $473,489.00, with the most expensive house in Addison, TX, topping out at $1,957,000.00 and the cheapest home in Addison, TX, clocking in at $56,703.00. In other words, there’s something for every potential homebuyer or savvy investor in Addison, TX!

Rent Prices In Addison, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Addison, TX, is on a rollercoaster ride. The average rent price in Addison, TX, is $2,105.00. Indeed, when looking to rent in Addison, TX, you can expect to pay as little as $950.00 or as much as $3,820.00, with the average rent median estimated to be $2,130.00. The good news is that finding an affordable and desirable property to rent in Addison, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Addison, TX 75001 Bankruptcy Homes

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