Market Overview
Home Prices in Addison, MI
The median home value in Addison, MI is $267,662 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.9% compared to a year ago and down 5.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Addison are priced35% below average. Addison is part of the Adrian, MI metro area.
Over the past five years, Addison home values have risen by approximately10.2%, reflecting steady appreciation in this market.
Price History
Addison Home Price Trend
2020
$200,980
$201K
—
2021
$242,791
$243K
+20.8%
2022
$278,885
$279K
+14.9%
2023
$266,256
$266K
-4.5%
2024
$269,872
$270K
+1.4%
2025
$255,181
$255K
-5.4%
2026
$267,662
$268K
+4.9%
City Comparison
Addison vs. National Median
🏠 Addison
$267,662
National Median
$410,000
At $267,662, homes in Addison cost 35% 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
$53,532
on $267,662
Monthly P&I
$1,396/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,773/mo
incl. taxes & insurance
Income Needed
$70,920
gross annual (30% rule)
10% Down Option
$26,766
+ PMI applies
Loan Amount (20% dn)
$214,130
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, MI?
The median home value in Addison is $267,662 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.9% year-over-year.
How much have home prices changed in Addison?
Over the past year, home values in Addison have increased by 4.9%. Over five years, prices have risen approximately 10.2%.
How much do I need to earn to buy a home in Addison?
To comfortably afford the median home price of $267,662 with a 20% down payment ($53,532) at today's rates (6.8%), you'd need a gross annual income of approximately $70,920. 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 $267,662, homes in Addison are 35% below the national average.
What metro area is Addison part of?
Addison is part of the Adrian, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.