Zip 48071 (Madison Heights, MI) Housing

Madison Heights, MI is a city located in the state of Michigan. The median value of housing in the city is $193,500, which is significantly lower than the US national median house value of $338,100. In the last year, US houses have appreciated 8.27%, while houses in Madison Heights have appreciated by 7.58%. This appreciation rate is slightly lower than that of the nation as a whole, but still shows that housing values are steadily increasing in Madison Heights.

The median home cost in Madison Heights (zip 48071) is $193,500. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Madison Heights (zip 48071) is up 10.8%.

Average Age of Homes

- The median age of Madison Heights (zip 48071) real estate is 57 years old

The Rental Market in Madison Heights (zip 48071)

- Renters make up 34.7% of the Madison Heights (zip 48071) population
- 2.5% of houses and apartments in Madison Heights (zip 48071), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Madison Heights, Michigan	United States
	14,204.0	139,647,020.0
	61	42
	$193,500	$338,100
	10.8%	16.6%
	47.2%	57.0%
	116.4%	101.1%
	$17.80	$10.98
	$2,661	$2,690
	58.6%	57.4%
	5.0%	11.2%
	36.3%	31.4%
Vacant Housing
	2.5%	1.9%
	0.6%	0.4%
	0.0%	0.7%
	0.2%	0.4%
	0.1%	3.6%
	1.6%	4.1%
Value of Owner-Occupied Housing
	2.0%	2.6%
	0.6%	2.4%
	1.0%	2.8%
	6.2%	3.9%
	10.5%	4.5%
	30.1%	11.3%
	33.0%	13.0%
	14.5%	20.1%
	1.1%	13.6%
	0.5%	8.3%
	0.0%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.0%	13.6%
	3.0%	13.6%
	4.7%	13.6%
	7.1%	13.2%
	16.9%	14.8%
	4.7%	13.6%
	38.3%	10.0%
	7.6%	4.7%
	4.1%	12.2%

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