Addison, TX Apartment Market Report

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Addison, TX Apartment Market Report

Posted On : Feb-15-2010 | seen (473) times | Article Word Count : 859 |

Looking for a new apartment in Addison, Texas? Maybe you’re just doing research on Addison apartments and you’re looking for rent information and area statistics. If so, you won’t be disappointed. Renters looking for an apartment in Addison can look forward to many great neighborhoods and luxurious apartment communities to choose from.

Addison is a northern suburb of Dallas, TX. With an estimated population of 14,166 and a median age of 32 years, Addison has something to offer everyone. Like many cities in the Dallas / Fort Worth Metroplex, the economic stability of Addison is based in the strong employment market of the city. Employers such as Dresser, Mary Kay Cosmetics, and Pizza Hut are major employers and/or have corporate headquarters located within the city. Therefore, residents have many options for employment and have benefited from the opportunities available and the median family household income in Addison is $53,386. Just as important as employment opportunities to renters looking for their next home is the educational options for their family. Addison residents are served by the Dallas Independent School District while some are zoned to the Carrollton-Farmers Branch Independent School District, though no public schools operate within city limits. The quality of the school system within any city is crucial to the success of both the city and its residents. Addison also has something to offer to renters looking for recreational and cultural activity outlets. Residents and visitors alike enjoy Addison for their Taste of Addison, Oktoberfest, Addison Artfest. Another interesting fact about the city of Addison is that it’s home to one of the largest 4th of July fireworks shows, Kaboom Town.

Throughout the city of Addison, there are a grand total of 25 apartment communities offering approximately 6,355 individual units for lease. These Addison apartments come in a wide array of price ranges, with the average one bedroom apartment renting for $937 per month. If renters are looking for a two bedroom apartment in the Addison area, recent data suggests that the average rent is approximately $1,264 per month. For renters that may need more bedroom space, they will find the rent for a three bedroom apartment in Addison averages around $1,196 per month.

With so many options to choose from in Addison, many renters look beyond just the floor plan of an apartment community’s available unit. Most renters are looking for a few “extras” that make the apartment community stand out from the competition when conducting the search for their next apartment home. These “extras” are typically referred to as the amenities of an apartment and can include unit specific amenities such as fireplaces, flooring options, and washer and/or dryer connections; or they can also refer to amenities that are included for the entire apartment property such as covered parking, on-site workout facilities, gated access, and in-unit security. Consequently, many of the apartment properties in Addison offer a variety of amenities. For example, if a renter requires upgraded parking options as a necessity for their next apartment home, 17 apartment communities offer covered parking if you would rather not park your vehicle in the open areas. If covered parking isn’t enough, four apartment properties offer assigned detached garages and an additional six offer garages that are attached to the apartment unit itself. In most cases, renters may prefer a specific geographical location within the city, also known as a neighborhood, due to employment commute or school zoning, but still have very specific amenities they are searching for. This may make the search slightly more limiting, but with so many options available in Addison, it definitely does not make the search impossible. With the right resources, a renter that needs an apartment in a particular school zone within Addison’s school district, for example, and they also need upgraded parking options, they would be able to narrow their search down and list only the properties that meet their needs.

While the apartment statistics included in this article don’t conclusively depict the individual diversity of every apartment community in Addison, they do help to identify the many options that renters have among the Addison apartment market, as well as the challenges that renters can face without taking advantage of the right resources. Using an apartment locator, a service firm of licensed real estate brokers who specialize in acting as an intermediary between the apartment communities and apartment searchers, can not only save renters time, but can also ensure that they are aware of all of their options considering their personal apartment home criteria. One of these apartment locating firms, UMoveFree, Texas’ largest apartment locating company, allows renters to register on their website and search the most all-inclusive apartment database available online for the Addison area. Because renters are able to limit the search results to display only apartments for rent that meet their exact criteria; which can include number of bedrooms as well as required amenities, as well as view photos and floor plans online without visiting a single apartment community, this resource can really help to focus the renters’ time and attention to a select number of apartments that are guaranteed to meet their needs.

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<h1>Addison, TX Apartment Market Report</h1> Author: <a href='http://www.articleseen.com/profile_Nick Barber.aspx'>Nick Barber</a> Looking for a new apartment in Addison, Texas? Maybe you’re just doing research on Addison apartments and you’re looking for rent information and area statistics. If so, you won’t be disappointed. Renters looking for an apartment in Addison can look forward to many great neighborhoods and luxurious apartment communities to choose from.

Addison is a northern suburb of Dallas, TX. With an estimated population of 14,166 and a median age of 32 years, Addison has something to offer everyone. Like many cities in the Dallas / Fort Worth Metroplex, the economic stability of Addison is based in the strong employment market of the city. Employers such as Dresser, Mary Kay Cosmetics, and Pizza Hut are major employers and/or have corporate headquarters located within the city. Therefore, residents have many options for employment and have benefited from the opportunities available and the median family household income in Addison is $53,386. Just as important as employment opportunities to renters looking for their next home is the educational options for their family. Addison residents are served by the Dallas Independent School District while some are zoned to the Carrollton-Farmers Branch Independent School District, though no public schools operate within city limits. The quality of the school system within any city is crucial to the success of both the city and its residents. Addison also has something to offer to renters looking for recreational and cultural activity outlets. Residents and visitors alike enjoy Addison for their Taste of Addison, Oktoberfest, Addison Artfest. Another interesting fact about the city of Addison is that it’s home to one of the largest 4th of July fireworks shows, Kaboom Town.

Throughout the city of Addison, there are a grand total of 25 apartment communities offering approximately 6,355 individual units for lease. These Addison apartments come in a wide array of price ranges, with the average one bedroom apartment renting for $937 per month. If renters are looking for a two bedroom apartment in the Addison area, recent data suggests that the average rent is approximately $1,264 per month. For renters that may need more bedroom space, they will find the rent for a three bedroom apartment in Addison averages around $1,196 per month.

With so many options to choose from in Addison, many renters look beyond just the floor plan of an apartment community’s available unit. Most renters are looking for a few “extras” that make the apartment community stand out from the competition when conducting the search for their next apartment home. These “extras” are typically referred to as the amenities of an apartment and can include unit specific amenities such as fireplaces, flooring options, and washer and/or dryer connections; or they can also refer to amenities that are included for the entire apartment property such as covered parking, on-site workout facilities, gated access, and in-unit security. Consequently, many of the apartment properties in Addison offer a variety of amenities. For example, if a renter requires upgraded parking options as a necessity for their next apartment home, 17 apartment communities offer covered parking if you would rather not park your vehicle in the open areas. If covered parking isn’t enough, four apartment properties offer assigned detached garages and an additional six offer garages that are attached to the apartment unit itself. In most cases, renters may prefer a specific geographical location within the city, also known as a neighborhood, due to employment commute or school zoning, but still have very specific amenities they are searching for. This may make the search slightly more limiting, but with so many options available in Addison, it definitely does not make the search impossible. With the right resources, a renter that needs an apartment in a particular school zone within Addison’s school district, for example, and they also need upgraded parking options, they would be able to narrow their search down and list only the properties that meet their needs.

While the apartment statistics included in this article don’t conclusively depict the individual diversity of every apartment community in Addison, they do help to identify the many options that renters have among the Addison apartment market, as well as the challenges that renters can face without taking advantage of the right resources. Using an apartment locator, a service firm of licensed real estate brokers who specialize in acting as an intermediary between the apartment communities and apartment searchers, can not only save renters time, but can also ensure that they are aware of all of their options considering their personal apartment home criteria. One of these apartment locating firms, UMoveFree, Texas’ largest apartment locating company, allows renters to register on their website and search the most all-inclusive apartment database available online for the Addison area. Because renters are able to limit the search results to display only apartments for rent that meet their exact criteria; which can include number of bedrooms as well as required amenities, as well as view photos and floor plans online without visiting a single apartment community, this resource can really help to focus the renters’ time and attention to a select number of apartments that are guaranteed to meet their needs.About the Author: Nick Barber is a licensed real estate broker and the President/CEO of UMoveFree; one of the largest apartment finding firms in the multi-family industry. Visit UMoveFree.com for more information on <a rel="nofollow" href="http://www.umovefree.com/City/addison-apartments-tx/">Addison Apartments</a>. Article Source: <a href='http://www.articleseen.com/Article_Addison-TX-Apartment-Market-Report_10944.aspx'> http://www.articleseen.com/Article_Addison, TX Apartment Market Report_10944.aspx</a>

Article Source : http://www.articleseen.com/Article_Addison, TX Apartment Market Report_10944.aspx

Author Resource :
Nick Barber is a licensed real estate broker and the President/CEO of UMoveFree; one of the largest apartment finding firms in the multi-family industry. Visit UMoveFree.com for more information on Addison Apartments.

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Category : Finance : Real Estate

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