Madison Heights, MI has a median housing value of $193,600, which is significantly lower than the US median housing value of $338,100. The 1 year house appreciation rate in Madison Heights was 7.58% compared to the US 1 year house appreciation rate of 8.27%. This indicates that home prices in Madison Heights are increasing at a slightly slower pace than the rest of the country, making it an attractive location for potential home buyers looking for more affordable housing options.
The median home cost in Madison Heights is $193,600. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Madison Heights is up 10.8%.
Average Age of Homes
- The median age of Madison Heights real estate is 57 years old
The Rental Market in Madison Heights
- Renters make up 34.7% of the Madison Heights population
- 2.5% of houses and apartments in Madison Heights, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.