Housing costs in Madison Heights?
A typical home costs
$202,800, which is 40.0% less expensive than the national average of
$338,100 and 40.9% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Madison Heights costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 70.7% cheaper than the state average of
$1,400.
Can I afford Madison Heights?
To live comfortably in Madison Heights, Virginia, a minimum annual income of
$38,880 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Madison Heights?
Madison Heights, VA is a great place to live as the cost of living is relatively low. The median home value in Madison Heights is $134,800, which is significantly lower than the Virginia state average of $258,400. Renters can expect to pay around $900/month for a one-bedroom apartment. Groceries are also reasonably priced with an index score of 97.3 (100 being the national average). The overall cost of living index score in Madison Heights is 87.7, which is 13 percent lower than the national average and offers excellent affordability for those looking to reside in the area.