Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Madison Heights area can be challenging. Home prices in Madison Heights are now at a median cost of $150,842, lower than the Michigan average of $196,062.
The average cost of rent is $1,064/mo in Madison Heights, primarily driven by the current value of real estate in the Madison Heights area. While nearly 46.65% of residents own their homes outright in Madison Heights, 43.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison Heights is $5,125 per month. Households that rent pay about 20.75% of their income on rent here. Madison Heights's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Royal Oak, MI: higher priced homes
- Hazel Park, MI: less expensive homes
- Pleasant Ridge, MI: higher priced homes
- Clawson, MI: higher priced homes
- Ferndale, MI: higher priced homes
- Huntington Woods, MI: higher priced homes
- Warren, MI: less expensive homes
- Berkley, MI: higher priced homes
- Center Line, MI: less expensive homes
- Troy, MI: higher priced homes
Cities with Similar Populations
- Lake Magdalene, FL: higher priced homes
- South Bradenton, FL: equally priced homes
- Smithtown, NY: higher priced homes
- Shelbyville, KY: higher priced homes
- Severna Park, MD: higher priced homes
- Royersford, PA: higher priced homes
- Maumee, OH: higher priced homes
- Mauldin, SC: higher priced homes
- Martinsville, IN: higher priced homes
- Marshall, TX: equally priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood