The median home in Addison, Illinois is valued at $360,834, up 4.2% year over year. Typical monthly rent is $1,954, producing a price-to-rent ratio of 15.4x — near the national average of 18x. Addison is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$360,834

+4.2%

Rent$1,954/mo

AFFORDABILITY

Enter your income for Addison.

Income (annual)

Down Payment

$72,167 on $360,834

Out of reach — 42.3% of income

Need $113,357/yr to afford.

PITI$2,645

P/I42.3%

Afford$239K

Gap-$122K

P&I $1,825Tax $671Ins $150

Renting $691/mo cheaper ($1,954 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Addison with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

ADDISON, IL