Addison Road – Addison, Texas
Addison Rd / Airport Pky median real estate price is $397,785, which is more expensive than 83.9% of the neighborhoods in Texas and 68.2% of the neighborhoods in the U.S.
The average rental price in Addison Rd / Airport Pky is currently $2,111, based on NeighborhoodScout’s exclusive analysis. The average rental cost in this neighborhood is higher than 83.5% of the neighborhoods in Texas. Addison Rd / Airport Pky is a suburban neighborhood located in Addison, Texas.
Addison Rd / Airport Pky real estate is primarily made up of small (studio to two bedroom) to medium-sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Addison Rd / Airport Pky neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Addison Rd / Airport Pky has a 14.2% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 72.4% of American neighborhoods). Most vacant housing here is vacant year-round. This could either signal that there is a weak demand for real estate in the neighborhood or that a large amount of new housing has been built and is not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
Most neighborhoods are composed of a mixture of ages of homes, but the Addison Rd / Airport Pky stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you’ll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 93.5% of the residential real estate here was built in this one time period.
The neighbors in the Addison Rd / Airport Pky neighborhood in Addison are upper-middle income, making it an above-average income neighborhood. Exclusive analysis reveals that this neighborhood has a higher income than 70.1% of the neighborhoods in America. In addition, 1.2% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 85.6% of America’s neighborhoods.
In the Addison Rd / Airport Pky neighborhood, 54.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts to working in fast-food restaurants, with 21.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.6%), and 10.5% in manufacturing and laborer occupations.