Madison Heights, VA Real Estate
According to census data in the year 2000 there were 4,661 housing units in Madison Heights.
This represents a 11.8% growth from 4,168 in 1990.
Of those housing units, 3,792 were located in either urbanized areas or urban clusters, and 869 were located in what is classified as a rural area.
Homeownership rate in Madison Heights is about 71%.
Madison Heights's vacancy rate, including seasonal lodging, is about 4.3%.
Average household size is 2.39 people.
The majority of houses, apartments or condos in Madison Heights were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 4.60% |
| Two Bedrooms | 32.50% |
| Three Bedrooms | 50.10% |
| Four Bedrooms | 11.20% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $86,000 |
| Median Price asked for vacant units | $93,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.3 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $364 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 12.10% |
| Home Equity Loan | 5% |
| Simple Mortgage | 43.80% |
| Debt Free | 39% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.4% |
