Madison Heights, MI Real Estate
According to census data in the year 2000 there were 13,623 housing units in Madison Heights.
This represents a 3% growth from 13,220 in 1990.
Of those housing units, 13,623 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Madison Heights is about 70.1%.
Madison Heights's vacancy rate, including seasonal lodging, is about 2.4%.
Average household size is 2.33 people.
The majority of houses, apartments or condos in Madison Heights were built after 1960.
|Housing Units by Size|
|Five Bedrooms or more||0.70%|
Owned Homes, Apartments and Condos
|Average Household Size||2.46|
|Median year structure was built||1957|
|Median Value of occupied units||$110,600|
|Median Price asked for vacant units||$91,900|
Rented Homes, Apartments and Condos
|Average Household Size||2.02|
|Median year structure was built||1969|
|Median Monthly Rent asked for vacant units||$546|
Owners Finance Status
|Second Mortgage & Equity Loan||0.20%|
|Home Equity Loan||11.90%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.8%|