Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Downtown Madison Heights area can be challenging. Home prices in Downtown Madison Heights are now at a median cost of $144,070, lower than the Madison Heights average of $150,842.
The average cost of rent is $1,149/mo in Downtown Madison Heights, primarily driven by the current value of real estate in the Downtown Madison Heights area. While nearly 29.72% of residents own their homes outright in Downtown Madison Heights, 19.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Madison Heights is $5,683 per month. Households that rent pay about 20.22% of their income on rent here. Downtown Madison Heights's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the neighborhood.
Nearby Neighborhoods
- Downtown Royal Oak, Royal Oak, MI: higher priced homes
- Eight Mile Wyoming, Detroit, MI: less expensive homes
- Conant Gardens, Detroit, MI: less expensive homes
- State Fair-Nolan, Highland Park, MI: less expensive homes
- Pershing, Detroit, MI: less expensive homes
- Pembroke, Detroit, MI: less expensive homes
- Kranz Woods, Detroit, MI: less expensive homes
- Bagley, Detroit, MI: less expensive homes
- Downtown Troy, Troy, MI: higher priced homes
- Martin Park, Detroit, MI: less expensive homes
Neighborhoods with Similar Populations
- Downtown Belle Glade, Belle Glade, FL: less expensive homes
- Downtown Fostoria, Fostoria, OH: less expensive homes
- Woodlawn Court, Hattiesburg, MS: less expensive homes
- Wester, Lubbock, TX: less expensive homes
- Scioto Trace, Columbus, OH: higher priced homes
- Pioneer, Butte, MT: less expensive homes
- Palm Springs, Apache Junction, AZ: higher priced homes
- Hopecrest, Morgantown, WV: higher priced homes
- Maumee Uptown Historic District, Maumee, OH: higher priced homes
- Bayview Heights, Proctor, MN: higher priced homes
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