Market Overview
Home Prices in Addison, WI
The median home value in Addison, WI is $459,105 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.4% compared to a year ago and up 4.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Addison are priced12% above average. Addison is part of the Milwaukee-Waukesha, WI metro area.
Over the past five years, Addison home values have risen by approximately31.5%, reflecting strong long-term appreciation in this market.
Price History
Addison Home Price Trend
City Comparison
Addison vs. National Median
At $459,105, homes in Addison cost 12% above the national median of $410,000. Buyers in Addison should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Addison?
20% Down Payment
$91,821
on $459,105
Monthly P&I
$2,394/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,040/mo
incl. taxes & insurance
Income Needed
$121,600
gross annual (30% rule)
10% Down Option
$45,911
+ PMI applies
Loan Amount (20% dn)
$367,284
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, WI?
The median home value in Addison is $459,105 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.4% year-over-year.
How much have home prices changed in Addison?
Over the past year, home values in Addison have increased by 7.4%. Over five years, prices have risen approximately 31.5%.
How much do I need to earn to buy a home in Addison?
To comfortably afford the median home price of $459,105 with a 20% down payment ($91,821) at today's rates (6.8%), you'd need a gross annual income of approximately $121,600. 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 $459,105, homes in Addison are 12% above the national average.
What metro area is Addison part of?
Addison is part of the Milwaukee-Waukesha, WI metropolitan area. Home prices and market conditions can vary across the broader metro region.