Market Overview
Home Prices in Addison, AL
The median home value in Addison, AL is $183,689 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.7% compared to a year ago and up 6.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Addison are priced55% below average.
Over the past five years, Addison home values have risen by approximately19.5%, reflecting steady appreciation in this market.
Price History
Addison Home Price Trend
2020
$130,103
$130K
—
2021
$153,745
$154K
+18.2%
2022
$167,667
$168K
+9.1%
2023
$161,549
$162K
-3.6%
2024
$164,187
$164K
+1.6%
2025
$175,505
$176K
+6.9%
2026
$183,689
$184K
+4.7%
City Comparison
Addison vs. National Median
🏠 Addison
$183,689
National Median
$410,000
At $183,689, homes in Addison cost 55% below the national median of $410,000. This makes Addison a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Addison?
20% Down Payment
$36,738
on $183,689
Monthly P&I
$958/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,217/mo
incl. taxes & insurance
Income Needed
$48,680
gross annual (30% rule)
10% Down Option
$18,369
+ PMI applies
Loan Amount (20% dn)
$146,951
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Addison, AL?
The median home value in Addison is $183,689 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.7% year-over-year.
How much have home prices changed in Addison?
Over the past year, home values in Addison have increased by 4.7%. Over five years, prices have risen approximately 19.5%.
How much do I need to earn to buy a home in Addison?
To comfortably afford the median home price of $183,689 with a 20% down payment ($36,738) at today's rates (6.8%), you'd need a gross annual income of approximately $48,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Addison compare to the national average home price?
The national median home value is approximately $410,000. At $183,689, homes in Addison are 55% below the national average.