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Addison, Texas - homes and real estate in Addison

Addison Real Estate

Urban dining destination with no residential property tax

Addison is a unique 4.4-square-mile town entirely surrounded by Dallas, known for having more restaurants per capita than any other city in America. The famous Restaurant Row along Belt Line Road offers world-class dining within walking distance. Addison's most notable feature for residents is that there is no residential property tax - the commercial tax base (led by the Galleria and major employers) covers city services. This urban enclave offers apartment and townhome living in a walkable environment, with easy access to the Tollway, DART bus routes, and Addison Airport for private aviation. Addison is ideal for young professionals, empty nesters, and anyone seeking urban living without moving to Dallas proper.

Median Home Price

$325,000

Price Range

$200K - $0.6M

Why Addison?

No residential property tax - commercial base covers city services
Restaurant Row - more restaurants per capita than any U.S. city
Addison Circle and Vitruvian Park urban living
Walkable urban lifestyle rare in DFW suburbs
Addison Airport for private aviation
Major employers: Mary Kay, Bank of America, financial sector
Festivals and events throughout the year (Taste Addison, Oktoberfest, Kaboom Town)

Schools

  • Dallas ISD serves Addison (no independent Addison ISD)
  • George H.W. Bush Elementary in Addison is well-regarded
  • Many residents choose private school options
  • Greenhill School (private) nearby in Addison
  • Limited family housing means fewer school-age children
  • Focus on urban professionals rather than school families

Parks & Recreation

  • Vitruvian Park - urban park with public art and events
  • Addison Circle Park - community gathering space and events
  • Quorum Park - business district green space
  • WaterTower Theatre cultural venue

Kristy's Local Tip

"Addison is my go-to for young professionals and empty nesters who want urban living without downtown Dallas prices. The no-residential-property-tax situation is real - you pay Dallas ISD school taxes, but no city tax, which can save $3,000-5,000 annually compared to neighboring cities. Restaurant Row isn't marketing hype - I've taken clients to dinner here and watched them fall in love with the walkable dining scene. The trade-off is that most housing is apartments and townhomes (limited single-family), and you're in Dallas ISD rather than suburban districts. For families with school-age children, this isn't the right fit. But for professionals who value walkability, dining, and tax savings, Addison offers a lifestyle unique in DFW."

Addison FAQs

Does Addison really have no property tax?

Addison has no city property tax for residents - the commercial tax base covers city services. You still pay Dallas ISD school taxes, Dallas County taxes, and other taxing entities. But eliminating the city portion can save $3,000-5,000 annually compared to neighboring cities.

What is Restaurant Row in Addison?

Restaurant Row along Belt Line Road is famous for having more restaurants per capita than any city in America. You'll find everything from upscale steakhouses to authentic international cuisine within walking distance. It's a genuine dining destination that draws visitors from across DFW.

Is Addison good for families?

Addison is primarily designed for young professionals and empty nesters. Most housing is apartments and townhomes, the school district is Dallas ISD, and the urban lifestyle emphasizes dining and entertainment over family amenities. Families typically choose neighboring Carrollton or Far North Dallas instead.

What is Addison Circle?

Addison Circle is the urban core of Addison - a walkable neighborhood with apartments, townhomes, restaurants, and shops surrounding a central park. It hosts community events throughout the year and represents the urban lifestyle that sets Addison apart from typical suburbs.

Addison Real Estate Insights

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