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 Size

Housing Units by Size
Studio Type2.70%
One Bedroom18.50%
Two Bedrooms25.70%
Three Bedrooms45.60%
Four Bedrooms6.60%
Five Bedrooms or more0.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1957
Median Value of occupied units$110,600
Median Price asked for vacant units$91,900

Rented Homes, Apartments and Condos

Average Household Size2.02
Median year structure was built1969
Median Monthly Rent asked for vacant units$546

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage7.10%
Home Equity Loan11.90%
Simple Mortgage51.90%
Debt Free28.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.8%