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 $154,940, lower than the Virginia average of $323,261.
The average cost of rent is $728/mo in Madison Heights, primarily driven by the current value of real estate in the Madison Heights area. While nearly 41.91% of residents own their homes outright in Madison Heights, 28.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in Madison Heights is $4,835 per month. Households that rent pay about 15.07% of their income on rent here. Madison Heights's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Coolwell, VA: equally priced homes
- Joshua Falls, VA: less expensive homes
- Elon, VA: higher priced homes
- Galts Mill, VA: equally priced homes
- East Brook, VA: higher priced homes
- Monroe, VA: higher priced homes
- Lynchburg, VA: higher priced homes
- Sweet Briar, VA: higher priced homes
- Stapleton, VA: equally priced homes
- Stonewall, VA: equally priced homes
Cities with Similar Populations
- Whitefish Bay, WI: higher priced homes
- Discovery Bay, CA: higher priced homes
- Douglassville, PA: higher priced homes
- Druid Hills, GA: higher priced homes
- Dubois, PA: less expensive homes
- Dumas, TX: less expensive homes
- Duncan, SC: higher priced homes
- Dunkirk, NY: less expensive homes
- Duxbury, MA: higher priced homes
- East Cleveland, OH: less expensive homes
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