Addison, Texas Information
Located just North of Dallas, the town of Addison is well-known in the Dallas-Fort Worth region for its restaurant scene and bustling nightlife. At the time of the 2010 census, the town had a population of roughly 13,000. The U.S. Census Bureau now estimates the population has grown to over 15,300, making it one of the largest towns in Texas. During the daytime hours, the number of people in the town can rise to over 100,000. Whether it be shopping, eating out, or utilizing park space, the residents of this town have a wide range of activities at their disposal.
Addison, Texas Details
The town also boasts a 55,000 square foot athletic club that offers a variety of athletic, health, and recreational programs. The resident-only facility includes swimming pools, a gymnasium, an indoor track, weight circuits, cardio equipment, and more. When it comes to outdoor offerings, residents are able to utilize 118 acres of local park space.The climate is typical for the area and it is considered to be in the humid subtropical region. Summers are very hot and humid, with the average high temperature hovering around 96 degrees. Winters are mild and dry, but cold fronts can cause temperatures to fluctuate rapidly in the winter months. January is usually the coldest month, with an average daytime temperature of 47 degrees.
Whether you are residing in the area or just visiting, you’ll find plenty to do without having to leave town. The town offers a unique commercial environment that you won’t be able to find in other suburbs. Spend the afternoon shopping at the Galleria Dallas or visiting the Cavanaugh Flight Museum. Pass the night away at Pete’s Dueling Piano Bar or catch a show at the Watertower Theatre. There are many more experiences to be had if you’re willing to make the short drive to downtown Dallas. Neighboring Dallas is one of the fastest growing cities in the United States. It offers everything from professional sporting events and museums, to the state fair and other cultural events. Dallas also has one of the highest domestic migration rates in the United States, with people from all over the nation flocking to the area.
Students may attend the Dallas or Farmers Branch-Carrollton Independent School Districts. There are also many highly-rated private schools in the area to choose from. Over 56 percent of the adult population has a bachelor’s or advanced degree, which is well above the national average of 21.84 percent.
The area was settled in 1846 and its first industry was a cotton gin that opened in 1902. It became an incorporated town on June 15, 1953. Since the 1980s, the town has experienced massive economic growth. Besides having more than 170 restaurants and 22 hotels, the town is also home to the Mary Kay and Dresser Inc. headquarters. In 2016, a Fundera study ranked the town as the second-best place in Texas to start a small business. Much of the land area is also taken up by the Addison airport, which is the third-largest general aviation airport in the nation.
This Texas town is very diverse and continues to grow culturally, with 22.52 percent of residents having been born outside of the United States. The majority of residents identify as White, followed by Black or African-American. The Latino or Hispanic population accounts for 23.07 percent of residents. Although the most spoken language is English, other languages spoken here include Mexican and Korean. Important ancestries of people in the area are Irish, English, Italian, and European. For the most part, it is a white-collar town and 89.23 percent of workers are employed in white-collar positions such as management, sales, and finance. The US Census bureau reports the median household income between 2012-2016 was $70,559.
The real estate market in the area is healthy and continues to thrive. According to Zillow, the median home value is $338,100. Home values have gone up 3.3 percent in the past year and they are predicted to rise by 4.8% in the coming year. The latest US Census Bureau also reports that the median selected monthly owner costs being $1,996 with a mortgage and $680 without a mortgage. The median gross rent in the area is $1,142. According to NeighborhoodScout, 78.4 percent of residents are renters, and the remaining 21.6 percent are owners of property. There are 22 apartment complexes in the area that each offer different amenities and floor plans. Apartments of any type for any budget can be found within about 5 square miles.
Call us for a comprehensive market analysis of your rental property.
Addison Property Management
Our property management team specializes in residential areas throughout Addison, TX. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bullet proof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands.
Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our Addison area property management services.
I have been so impressed with not only the quality of service, but the punctual service and communication skills that I have seen through Keyrenter. I would absolutely recommend using Keyrenter.
Kimber C., Satisfied Client
Keyrenter is very organized. I have had several problems with my condo, and Keyrenter has been on top of everything. I can’t say enough good things about the company.
Steve S., Satisfied Client
I'm absolutely delighted with how easy Keyrenter made everything for me. From start to getting a renter into my house, it's all been convenient and simple. Great company, great service, great people!
Lorrie M., Satisfied Client
I've been a tenant with Keyrenter for the past 5 years. They have always been prompt in dealing with issues I've raised up and in responding to my requests for repairs and maintenance.
Tadd D., Satisfied Tenant
Keyrenter's tenant placement service is designed to provide landlords with a solution to the most difficult problem, finding a good tenant. Our leasing agents will not only locate good tenants, we use a thorough screening process and can even negotiate fair lease agreements.
Maintenance & Inspections
Our maintenance and inspection services are designed to keep the value of your property intact. We offer a full service options to provide our clients with only the best service possible. We will handle all of the difficult problems related to caring for the property and tenants.
Do you hate collecting monthly checks? Keyrenter provides accounting services to make sure you are paid on time, and your tenants are upholding lease agreement. We can assist with a variety of accounting options from monthly billing to taxes and other financial needs.
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