Home prices
The median home value in Madison Heights is $124,000. This is approximately $112,940 (47%) lower compared to nearby areas.It is roughly $93,500 (42%) lower in comparison to the US as a whole, and in comparison to the city of Detroit is approximately $74,800 (152%) higher.
Rents
The median monthly rent in Madison Heights is $967. It is roughly $323 (25%) lower in comparison to its surrounding areas.In comparison to the entire nation it is about $95 (8%) lower, and it is about $143 (17%) higher compared to the city of Detroit.
Nearby places
Royal Oak
Royal Oak is Madison Heights's neighbor to the west. Its real estate prices are a lot more expensive. The median home in Royal Oak is valued at $224,600, which comes out to $100,600 (44%) higher than Madison Heights. Rent there is a little more expensive. The median rent in Royal Oak is $1,079 per month, which works out to $112 (10%) higher than Madison Heights.
Hazel Park
Hazel Park is Madison Heights's neighbor to the south. Its housing prices are significantly less expensive. The median home cost in Hazel Park is $73,600, which comes out to $50,400 (68%) lower than Madison Heights. Rent there is pretty similar. Hazel Park's median monthly rent is $978, which works out to $11 (1%) higher than Madison Heights.
Clawson
Clawson is about 2 miles northwest of Madison Heights. The real estate prices there are somewhat more expensive. The median home in Clawson costs $177,500, which comes out to $53,500 (30%) higher than Madison Heights. Its rents are fairly similar. Clawson's median rent is $933 per month, which works out to $34 (3%) lower than Madison Heights.
Pleasant Ridge
Pleasant Ridge is about 2 miles southwest of Madison Heights. The housing prices there are significantly more expensive. The median home in Pleasant Ridge costs $346,100, which comes out to $222,100 (64%) higher than Madison Heights. Rent there is substantially more expensive. The median monthly rent in Pleasant Ridge is $1,445, which comes out to $478 (33%) higher than Madison Heights.
Huntington Woods
Huntington Woods is about 3 miles southwest from Madison Heights. Housing prices there are significantly more expensive. The median home in Huntington Woods is valued at $362,900, which comes out to $238,900 (65%) higher than Madison Heights. Its rents are significantly more expensive. The median monthly rent in Huntington Woods is $2,014, which works out to $1,047 (51%) higher than Madison Heights.
