Affordable
Expensive
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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 $192,582, lower than the Madison Heights average of $202,753.
The average cost of rent is $1,278/mo in Downtown Madison Heights, primarily driven by the current value of real estate in the Downtown Madison Heights area. In Downtown Madison Heights, 14.12% of households rent, and 38.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Madison Heights is $7,509 per month. Households that rent pay about 17.02% of their income on rent here. Downtown Madison Heights’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: equally priced 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: higher priced homes
- Palm Springs, Apache Junction, AZ: higher priced homes
- Hopecrest, Morgantown, WV: higher priced homes
- Maumee Uptown Historic District, Maumee, OH: equally priced homes
- Bayview Heights, Proctor, MN: higher priced homes
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