Housing in Addison is a mix of apartments, condominiums, townhomes, and single-family homes, reflecting the town's evolution from a rural crossroads to a dense employment center. A large share of residents rent, drawn by the walkable restaurant districts and proximity to jobs. The stock includes mid-century homes, newer multifamily communities, and some townhome development, often on compact lots. The town's small footprint and high daytime population make it more urban in character than its neighbors.

Addison is organized around its commercial and restaurant corridors, particularly along Belt Line Road, the Dallas North Tollway, and Addison Circle, a walkable mixed-use district with parks, apartments, and events. Residential areas include established single-family neighborhoods and a substantial stock of apartments and townhomes. The town's compact 4.4-square-mile footprint means neighborhoods sit close to dining, offices, and entertainment, giving Addison a distinctly walkable, urban feel.

Life in Addison is defined by dining, events, and convenience. With more than 200 restaurants, the town is a destination for eating and nightlife across the Metroplex, and Addison Circle hosts festivals, markets, and concerts. Kaboom Town draws a half-million visitors each July 3. The town's parks, trails, and mixed-use districts support a walkable lifestyle, while its central location puts residents minutes from Dallas, Plano, and DFW Airport.

Public school students in Addison are served by two districts depending on residence: the Dallas Independent School District and the Carrollton-Farmers Branch Independent School District. The split reflects the town's position at the junction of two large suburban school systems. Both districts operate schools within or near the town, and families choose among a range of public, charter, and private options across the northern Dallas area.

Addison is well connected by road. The Dallas North Tollway runs through the town, linking it to downtown Dallas and the northern suburbs, and Interstate 635 is nearby. The Addison Airport Toll Tunnel carries traffic beneath the airport runway between the tollway and I-35E. Addison Airport is one of the busiest general-aviation airports in the region. The town's central position places DFW International Airport and Dallas Love Field within a short drive.

Recreation in Addison spans its parks, trails, and signature events. Addison Circle Park anchors festivals and concerts, and the town's trail system and neighborhood parks provide green space. Kaboom Town, one of the nation's top fireworks displays, is the signature annual event. The dense restaurant and entertainment scene provides year-round recreation, while nearby Dallas offers museums, sports, and cultural attractions within minutes.