Madison Heights, Michigan.
Typical home $215,492 (-1.2% in a year), asking rent $1,565 (+2.7%). Detroit-Warren-Dearborn, MI metro.
to buy the typical home at today's mortgage rate — +$584 (+107%) since Jan 2020.
- 1 year
- Down $2,671 -1%
- $218,163$215,492 since Sep 2025
- 5 years
- Up $36,985 +21%
- $178,507$215,492 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Madison Heights$1,131
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 18 years.
Typical home values in Madison Heights, MI fell 1.2% over the past year — slower than the nation's +1.2%.
Asking rents in Madison Heights, MI rose 2.7% over the past year — in step with the nation.
Owning the typical home in Madison Heights runs $25/mo more than renting one. The gap peaked at $351 in Nov 2021.
That is $1,590 a month against $1,565 rent: a $1,131 mortgage payment, plus $228 property tax and $231 insurance & upkeep.
Owning vs renting — Madison Heights
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,590
- Renting$1,565
- Mortgage only$1,131
Property tax · $228/mo 1.27% of value a year — the ACS 2020-2024 median bill over the median home value for Oakland County, MI
Insurance & upkeep · $231/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Madison Heights, Oakland County, Michigan
Madison Heights is a city of 28,468 people in Oakland County. Half its households earn more than $69,503 a year and half less, against $97,760 across Oakland County; 11% of its people live below the poverty line. 65% of its homes are lived in by their owners and 35% are rented. Unemployment in Madison Heights was 2.7% in August 2026, and Oakland County had 0.5% fewer jobs in 2025 than the year before. The most residents work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Madison Heights is a city in Oakland County, just north of Detroit, with homes that are mostly lived in by their owners, though more people rent here than across the county as a whole. Household incomes run well below the county's, and home values and rents sit at a more modest level than in much of the surrounding area. Winters are cold and snowy, summers are warm, and precipitation is spread fairly evenly through the year.
Work. Many residents work in manufacturing, in schools, hospitals and social care, in professional and business services, and in shops. Some of the largest workplaces in the city are UPS, Ascension Oakland Hospital and Lamphere Public Schools. Unemployment is low, though a little higher than a year ago, and a good share of people work from home, with the usual commute a fairly short drive.
Things to do. The Detroit Zoo is a short drive away and makes an easy outing. Farther off, but still within reach of a day trip, are the Detroit Institute of Arts, a large art museum, and Lake Saint Clair, a lake with shoreline for walks and time by the water. Both are a longer drive away.
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- 13,620households
- 34%of adults have a degree
- 11%below the poverty line
- 25 mintypical commute
- 20%work from home
What residents work in
Employed residents by industry, from the Census survey. Oakland County had 720,266 jobs in 2025, 0.5% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 20°; warmest in July, with highs near 84° and lows near 65°. About 30 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Detroit City Airport weather station, 8 miles away (NOAA).
Largest workplaces in Madison Heights
- UPSCouriers and express delivery services714
- Midet183 Ascension Oakland Hosp - Madison HeightsHospitals, general medical and surgical459
- Lamphere Public SchoolsSchool district392FTE
- Costco WholesaleWholesale grocer342
- McNaughton-McKay Electric Company - Michigan Region - Madison HeightsElectric motors, wiring supplies, and lighting fixtures merchant wholesalers342
- Kar's Nut ProductsCanned nuts manufacturing256
- MeijerRetail229
- Sam's ClubWarehouse clubs and supercenters210
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 59 workplaces with 20 or more staff, 6,289 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesRelatively high
- Cold wavesRelatively high
- Ice stormsRelatively moderate
- Strong windRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Madison Heights’ census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Oakland County and the Detroit-Warren-Dearborn, MI metro.
Madison Heights home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Madison Heights$215,492
- Michigan$263,760
- United States$366,157
Sellers are cutting prices on about 1 in 3 Madison Heights listings, and the typical home goes pending in 17 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Madison Heights34.74%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Madison Heights17
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Madison Heights100
New listings per month
Sellers arriving at the market.
- Madison Heights40
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Madison Heights$229,502
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Madison Heights100.30%
Zip codes with a Madison Heights address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Madison Heights — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.