No, your IP address only reveals your location (but just your city and not your actual street address). That being said, if you still want to hide your IP address and prevent third parties from identifying your location, I recommend purchasing a VPN — when you connect to a VPN server, it masks your real IP address and assigns you a new IP that matches your new location.
My favorite VPN for hiding your IP address is ExpressVPN because it has servers in 90+ countries, comes with robust security features like 256-bit AES encryption, a kill switch, and full IP leak protection, routes your DNS requests through its own DNS servers, and has a strict (and independently audited) no-logs policy that doesn’t log your IP address.