Affordable
Expensive
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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 $972,243, lower than the Pasadena average of $1,061,887.
The average cost of rent is $2,472/mo in Madison Heights, primarily driven by the current value of real estate in the Madison Heights area. In Madison Heights, 63.17% of households rent, and 26.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Madison Heights is $10,054 per month. Households that rent pay about 24.58% of their income on rent here. Madison Heights’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- South Arroyo, Pasadena, CA: higher priced homes
- West Central, Pasadena, CA: less expensive homes
- Mid Central, Pasadena, CA: equally priced homes
- South East, Pasadena, CA: higher priced homes
- North Central, Pasadena, CA: equally priced homes
- Normandie Heights, Pasadena, CA: equally priced homes
- East Central, Pasadena, CA: higher priced homes
- North Arroyo, Pasadena, CA: higher priced homes
- Highland Park, Los Angeles, CA: equally priced homes
- Eagle Rock, Los Angeles, CA: higher priced homes
Neighborhoods with Similar Populations
- Bayless Atkins, Lubbock, TX: less expensive homes
- South San Pedro, Albuquerque, NM: less expensive homes
- Franklin Randolph, Boise, ID: less expensive homes
- Hill East, Washington, DC: equally priced homes
- Lincoln Park, Washington, DC: higher priced homes
- Mount Hope, San Diego, CA: less expensive homes
- North Omaha, Omaha, NE: less expensive homes
- Panther Creek, The Woodlands, TX: less expensive homes
- Park Avenue, Rochester, NY: less expensive homes
- Park Central Area, Abilene, TX: less expensive homes
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