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City · 28,419 residents · Oakland County, Michigan

Madison Heights , Michigan

In Madison Heights, a typical home is worth $199,100 and typical rent is $1,176 a month. Compared with all of Oakland County, the typical home value is 42% lower, typical household income is 29% lower, and the share of households that own their home is 8 points lower.

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  • Typical home value

    $199,100

    42% below the county

    14% below Michigan

    • Madison Heights
    • Oakland
    • Michigan

  • Typical rent

    $1,176a month

    15% below the county

    4% above Michigan

    • Madison Heights
    • Oakland
    • Michigan

  • Typical household income

    $69,503a year

    29% below the county

    5% below Michigan

    • Madison Heights
    • Oakland
    • Michigan

  • Households that own their home

    65%

    8 points below the county

    8 points below Michigan

    • Madison Heights
    • Oakland
    • Michigan

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$215,492
1.2% less than 12 months ago
Typical rent
$1,565 a month
2.7% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Madison Heights is in Oakland County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Oakland County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Madison Heights apart

What this place has that others do not, from public data, most unusual first.

  1. The typical home in Madison Heights is worth $199,100, 42% less than in Oakland County as a whole ($343,600).

  2. According to Zillow, in the 12 months to September 2026 the typical home value in Madison Heights fell 1.2%; in Michigan, it rose 3.8%.

  3. The typical household income in Madison Heights is $69,503, 29% less than in Oakland County as a whole ($97,760).

  4. Nearby, in Hazel Park, the typical home value is $158,600: 20% less than in Madison Heights ($199,100).

  5. 65% of households in Madison Heights own their home, against 73% in Oakland County.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Madison Heights

What homes there are in Madison Heights, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is the most common home in Madison Heights: 67% of homes, near the figure in Oakland County (68%).

Year built

The typical home in Madison Heights was built in 1961, 14 years before the typical one in Oakland County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA limit for Oakland County is high ($541,287): at least 98% of owner-occupied homes in Madison Heights are worth less than $500,000.

Monthly rent with utilities

About 70% of rented homes in Madison Heights cost less than HUD's 2-bedroom fair market rent for Oakland County ($1,459).

With a mortgage

$1,375 a month

Oakland County: $1,998 a month

Without a mortgage

$552 a month

Oakland County: $778 a month

Owners with a mortgage

60%

Oakland County: 65%

The typical cost for an owner with a mortgage in Madison Heights is $1,375 a month, less than in Oakland County ($1,998); without one, $552.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Madison Heights gained value faster than in Oakland County: 61% against 42%.

The typical rent in Madison Heights rose 22% over the same time; in Oakland County, it rose 27%.

To compare: typical income in Madison Heights rose 30%; the home, +61%; the rent, +22%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMadison HeightsOakland CountyMichiganUnited States
Rental vacancy 12.5%7.4%5.1%5.5%
Homeowner vacancy Unreliable estimate0.4%0.8%0.9%
More than one person per room Unreliable estimate1.2%1.6%3.4%
People per household 2.082.392.422.53
Drive alone 66%71%74%69%
Carpool 9%6%8%9%
Public transit Unreliable estimate0%1%3%
Walk or bike 2%1%2%3%
Work from home 20%20%14%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

In Madison Heights, the rental vacancy rate is 12.5%; in Oakland County, 7.4%.

Fewer people live in each home here: 2.08 on average, against 2.39 in Oakland County.

The car rules in Madison Heights: 66% of workers drive to work alone, and the typical trip takes 20 to 29 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Madison Heights?

A typical home is tight for the typical income

We start with a typical home in Madison Heights, worth $199,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 30% of the typical household income in Madison Heights, which is $69,503 a year. For that payment to be 28% of income, a household would need to earn about $74,611 a year.

The calculator's FHA and conventional loan limits are those of all of Oakland County.

Your numbers

Local data
$

Starts at the typical home value in Madison Heights. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $6,969 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,741

at 7.18% · 30 years

Loan amount
$195,493
Total interest
$281,269
Paid off in
November 2056

Includes $3,362 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,622 a month

  • Tight

    $1,622 to $2,085 a month

    Your payment · 30%

  • Hard

    more than $2,085 a month

Compared with the typical household income in Madison Heights ($69,503 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,741
Principal & interest$1,324
Property tax$246
Home insurance$83
FHA mortgage insurance (MIP)$88

You need at least $6,969 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Madison Heights and Oakland County

Madison Heights is in Oakland County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Madison Heights's own numbers

Typical home value
$199,100
Typical monthly rent
$1,176
Typical yearly household income
$69,503
Households that own their home
65%
Effective property tax rate
1.48%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Oakland County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,459
Price change over 5 years (FHFA)
+45%
Homes in a high flood-risk zone
0.4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Oakland County.

Everything about Oakland County

Buying

Buying a home in Madison Heights

A typical home in Madison Heights is worth $199,100: 42% below the county and 14% below Michigan. With the typical household income in Madison Heights ($69,503 a year), a typical home costs 2.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Madison Heights 2.9 years
  • Oakland 3.5 years
  • Michigan 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Oakland County

According to FHFA’s house price index, home prices in Oakland County rose 85% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Oakland County.

Period County Michigan U.S.
Last year (2025) +4.2% +4.7% +2.9%
5 years (2020–2025) +45% +52% +47%
10 years (2015–2025) +85% +97% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Madison Heights next to Oakland County, Michigan and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Madison Heights $199,100
  • Oakland $343,600
  • Michigan $231,600
  • United States $332,700
Typical monthly rent
  • Madison Heights $1,176
  • Oakland $1,376
  • Michigan $1,129
  • United States $1,413
Typical yearly household income
  • Madison Heights $69,503
  • Oakland $97,760
  • Michigan $72,875
  • United States $80,734
See the full table
Madison Heights next to Oakland County and Michigan
Measure Madison Heights Oakland County Michigan U.S.
Typical home value $199,100 $343,600 $231,600 $332,700
Typical monthly rent $1,176 $1,376 $1,129 $1,413
Typical yearly household income $69,503 $97,760 $72,875 $80,734
Households that own their home 65% 73% 73% 65%
Typical yearly property tax $2,941 $4,371 $2,904 $3,119
Effective property tax rate 1.48% 1.27% 1.25% 0.94%
Renters with high rent for their income 41% 45% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Oakland County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Madison Heights

For a typical $199,100 home in Madison Heights, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Madison Heights's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,741a month

    Least cash to close
    Down payment
    $6,969
    Cash to close
    $12,942
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $88

  • Conventional, 5% down $1,704a month

    Down payment
    $9,955
    Cash to close
    $15,928
    Rate
    7.18%
    Mortgage insurance
    PMI · $95

  • Conventional, 20% down, no PMI $1,408a month

    Down payment
    $39,820
    Cash to close
    $45,793
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,592a month

    Down payment
    $29,865
    Cash to close
    $35,838
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Madison Heights and for Oakland County.

Property tax

Effective rate in Madison Heights

1.48%of the home’s value each year

$2,941 a year for the typical owner in Madison Heights.

  • Madison Heights 1.48%
  • Oakland 1.27%
  • Michigan 1.25%

What Michigan publishes Principal Residence Exemption (PRE) from school operating tax (Michigan Legislature (Michigan Compiled Laws))

Exemptions and deadlines in Michigan

Flood risk in Oakland County

FEMA does not publish these numbers by city: they are for all of Oakland County.

Homes in the high-risk zone
0.4%
1,809
Of those, with NFIP insurance
21%
County Michigan U.S.
Homes in the high-risk zone 0.4% 1.6% 3.5%
Of those, with NFIP insurance 21% 18% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Madison Heights

Typical rent in Madison Heights is $1,176 a month: 15% below the county. In Madison Heights, 41% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Oakland County, by unit size. To pay the 2-bedroom one ($1,459 a month) without spending more than 30% of your income, you would need to earn $28.06 an hour working full time.

HUD fair market rent for all of Oakland County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,047 $20.13 $41,880
1 bedroom $1,167 $22.44 $46,680
2 bedrooms $1,459 $28.06 $58,360
3 bedrooms $1,777 $34.17 $71,080
4 bedrooms $1,929 $37.10 $77,160

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Madison Heights

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Madison Heights is in ZIP code 48071.

For 2 bedrooms it is $1,430: $29 less than the fair market rent for Oakland County ($1,459).

  • 48071 $1,430$1,740

A ZIP code counts for Madison Heights when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Madison Heights

HUD lists 5 buildings with rents for lower incomes in Madison Heights. These are the largest.

  • Solberg Tower 27787 Dequindre Rd, Madison Heights 48071 170 low-income homes · For older adults (248) 542-6720
  • Madison Heights Cooperative Apartments 500 E Irving Ave, Madison Heights 48071 151 homes, 150 low-income · For older adults (248) 585-2336
  • New Horizons Apts 31101 Edward Ave, Madison Heights 48071 126 homes, 125 low-income · For older adults (248) 585-0999
  • Madison III Manor 27795 Dequindre Rd, Madison Heights 48071 81 homes, 25 low-income · 1 bd: 64 · 2 bd: 17 · In service since 1992
  • Madison Tower I 27777 Dequindre Rd, Madison Heights 48071 168 homes

See all 107 buildings in Oakland County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Madison Heights

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 7 HUD-approved agencies with an office in Oakland County; 5 say they serve in Spanish.

A man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in Madison Heights

No down payment, repair or rent-help program on our list is for Madison Heights or Oakland County. The ones below are statewide in Michigan: they work in Madison Heights the same as in the rest of the state.

Which programs do I qualify for? All programs in Michigan

  • MI 10K DPA Loan

    Statewide in Michigan

    Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it. Offered by Michigan State Housing Development Authority (MSHDA).

    Deferred

    See the program Official page

  • Mortgage Credit Certificate (MCC)

    Statewide in Michigan

    Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy. Offered by Michigan State Housing Development Authority (MSHDA).

    Tax credit

    See the program Official page

Housing counselors near Madison Heights

The HUD-approved agencies closest to the center of Madison Heights, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Nid-Hca Borrower Help Center

    19966 Livernois Ave, Detroit · 5 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (313) 338-3840

  • Msue- Macomb County (WARREN)

    11370 Hupp Avenue, Warren · 6 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 3 more
    (586) 469-7609

  • Gesher Human Services

    29699 Southfield Rd, Southfield · 6 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (248) 233-4299

Every agency in Oakland County All counseling agencies in Michigan

Help in Spanish near Madison Heights

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Madison Heights

In HUD’s record, no housing authority with an office in Oakland County is named for Madison Heights or Oakland County.

5 other authorities have an office in Oakland County: see the list Source: HUD

Cities

Other cities in Oakland County

These cities are also in Oakland County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Oakland County Housing in Michigan
See 11 more cities in Oakland County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Madison Heights, with the typical home value.

Neighboring counties

If Oakland County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Madison Heights.

All guides
Three women of one family lean in together to stir the pan.

Questions

Housing questions about Madison Heights

Short answers with the numbers for Madison Heights and all of Oakland County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Madison Heights?

The typical home value in Madison Heights is $199,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Oakland County it is $343,600.

How much does it cost to rent in Madison Heights?

Typical rent in Madison Heights is $1,176 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Oakland County is $1,459.

What is the FHA loan limit in Madison Heights?

Madison Heights uses the FHA limit for all of Oakland County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Madison Heights?

The typical homeowner in Madison Heights pays $2,941 a year, according to the U.S. Census Bureau. That is 1.48% of the home’s value; in Oakland County, the rate is 1.27%.

Where can I find free help to buy or rent in Madison Heights?

There are 7 HUD-approved counseling agencies with an office in Oakland County. 5 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).