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City · 10,266 residents · Amherst County, Virginia

Madison Heights , Virginia

In Madison Heights, a typical home is worth $191,300 and typical rent is $871 a month. Compared with all of Amherst County, typical household income is 12% lower, the typical home value is 10% lower, and the share of households that own their home is 9 points lower.

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  • Typical home value

    $191,300

    10% below the county

    50% below Virginia

    • Madison Heights
    • Amherst
    • Virginia

  • Typical rent

    $871a month

    About the same as the county

    45% below Virginia

    • Madison Heights
    • Amherst
    • Virginia

  • Typical household income

    $60,215a year

    12% below the county

    35% below Virginia

    • Madison Heights
    • Amherst
    • Virginia

  • Households that own their home

    71%

    9 points below the county

    4 points above Virginia

    • Madison Heights
    • Amherst
    • Virginia

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

Market now, with Zillow data

Zillow data
Typical home value
$246,543
0.8% more than 12 months ago
Typical rent
$979 a month

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

Madison Heights is in Amherst 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 Amherst 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. Madison Heights has the 8th lowest typical home value of the 157 cities in Virginia with more than 5,000 people ($191,300).

  2. Madison Heights has the 11th lowest typical rent of the 157 cities in Virginia with more than 5,000 people ($871).

  3. 71% of households in Madison Heights own their home, against 81% in Amherst County.

Sources: U.S. Census Bureau (Average 2020–2024).

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

As in Amherst County, most homes in Madison Heights are detached houses (78%).

Year built

In Madison Heights, half of the homes were built before 1972; in Amherst County, before 1978.

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 Amherst County is high ($541,287): at least 99% of owner-occupied homes in Madison Heights are worth less than $500,000.

Monthly rent with utilities

With a mortgage

$1,212 a month

Amherst County: $1,301 a month

Without a mortgage

$360 a month

Amherst County: $390 a month

Owners with a mortgage

66%

Amherst County: 57%

In Madison Heights, 66% of owners have a mortgage, and their typical cost is $1,212 a month, against $1,301 in Amherst County. Without one it drops to $360.

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

The typical home value in Madison Heights rose 38% since 2015–2019, about the same as in Amherst County (37%).

The typical rent in Madison Heights rose 26% over the same time; in Amherst County, it rose 20%.

To compare: typical income in Madison Heights rose 30%; the home, +38%; the rent, +26%.

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 HeightsAmherst CountyVirginiaUnited States
Rental vacancy Unreliable estimateUnreliable estimate4.8%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.1%3.4%
People per household 2.212.402.522.53
Drive alone 82%78%68%69%
Carpool 8%9%8%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home 9%10%18%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Madison Heights has 2.21 people, fewer than in Amherst County (2.40).

To get to work, 82% of workers in Madison Heights drive alone; in Amherst County, 78%.

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 $191,300, 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 $60,215 a year. For that payment to be 28% of income, a household would need to earn about $64,446 a year.

The calculator's FHA and conventional loan limits are those of all of Amherst 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 $6,696 (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

$1,504

at 7.18% · 30 years

Loan amount
$187,835
Total interest
$270,250
Paid off in
November 2056

Includes $3,231 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,405 a month

  • Tight

    $1,405 to $1,806 a month

    Your payment · 30%

  • Hard

    more than $1,806 a month

Compared with the typical household income in Madison Heights ($60,215 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,504
Principal & interest$1,272
Property tax$67
Home insurance$80
FHA mortgage insurance (MIP)$85

You need at least $6,696 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 Amherst County

Madison Heights is in Amherst County, Virginia. 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
$191,300
Typical monthly rent
$871
Typical yearly household income
$60,215
Households that own their home
71%
Effective property tax rate
0.42%

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

Numbers for all of Amherst County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,117
Price change over 5 years (FHFA)
+48%
Homes in a high flood-risk zone
1.5%

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 Amherst County.

Everything about Amherst County

Buying

Buying a home in Madison Heights

A typical home in Madison Heights is worth $191,300: 10% below the county and 50% below Virginia. With the typical household income in Madison Heights ($60,215 a year), a typical home costs 3.2 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 3.2 years
  • Amherst 3.1 years
  • Virginia 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Amherst County

According to FHFA’s house price index, home prices in Amherst County rose 69% in the 10 years through 2025.

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

Period County Virginia U.S.
Last year (2025) +1.4% +3.7% +2.9%
5 years (2020–2025) +48% +49% +47%
10 years (2015–2025) +69% +75% +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 Amherst County, Virginia 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 $191,300
  • Amherst $212,400
  • Virginia $383,700
  • United States $332,700
Typical monthly rent
  • Madison Heights $871
  • Amherst $871
  • Virginia $1,579
  • United States $1,413
Typical yearly household income
  • Madison Heights $60,215
  • Amherst $68,724
  • Virginia $93,170
  • United States $80,734
See the full table
Madison Heights next to Amherst County and Virginia
Measure Madison Heights Amherst County Virginia U.S.
Typical home value $191,300 $212,400 $383,700 $332,700
Typical monthly rent $871 $871 $1,579 $1,413
Typical yearly household income $60,215 $68,724 $93,170 $80,734
Households that own their home 71% 81% 67% 65%
Typical yearly property tax $810 $975 $2,790 $3,119
Effective property tax rate 0.42% 0.46% 0.73% 0.94%
Renters with high rent for their income 43% 42% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Amherst 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 $191,300 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 $1,504a month

    Least cash to close
    Down payment
    $6,696
    Cash to close
    $12,435
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $85

  • Conventional, 5% down $1,469a month

    Down payment
    $9,565
    Cash to close
    $15,304
    Rate
    7.18%
    Mortgage insurance
    PMI · $91

  • Conventional, 20% down, no PMI $1,183a month

    Down payment
    $38,260
    Cash to close
    $43,999
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,360a month

    Down payment
    $28,695
    Cash to close
    $34,434
    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 Amherst County.

Property tax

Effective rate in Madison Heights

0.42%of the home’s value each year

$810 a year for the typical owner in Madison Heights.

  • Madison Heights 0.42%
  • Amherst 0.46%
  • Virginia 0.73%

What Virginia publishes Local exemption or deferral for people 65 and older or with disabilities (Virginia General Assembly (Code of Virginia))

Exemptions and deadlines in Virginia

Flood risk in Amherst County

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

Homes in the high-risk zone
1.5%
202
Of those, with NFIP insurance
13%
County Virginia U.S.
Homes in the high-risk zone 1.5% 1.5% 3.5%
Of those, with NFIP insurance 13% 100% 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 $871 a month: about the same as the county. In Madison Heights, 43% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Amherst County, by unit size. To pay the 2-bedroom one ($1,117 a month) without spending more than 30% of your income, you would need to earn $21.48 an hour working full time.

HUD fair market rent for all of Amherst 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 $965 $18.56 $38,600
1 bedroom $971 $18.67 $38,840
2 bedrooms $1,117 $21.48 $44,680
3 bedrooms $1,547 $29.75 $61,880
4 bedrooms $1,678 $32.27 $67,120

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 24572.

For 2 bedrooms it is $1,070: $47 less than the fair market rent for Amherst County ($1,117).

  • 24572 $1,070$1,480

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. 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 3 buildings with rents for lower incomes in Madison Heights. These are the largest.

  • Willow Branch 115 Branch Dr, Madison Heights 24572 48 low-income homes · 1 bd: 12 · 2 bd: 36 · In service since 2019 · For families
  • Phelps Road Place Phelps RD, Madison Heights 24572 22 low-income homes · In service since 2014 · For people with disabilities
  • Amherst Group Home 108 Whipporwill Cir, Madison Heights 24572 10 low-income homes · For people with disabilities (434) 847-9059

See all 8 buildings in Amherst 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.

We found no HUD-approved agencies with an office in Amherst County. The nearest ones are below; many serve by phone or online.

A grandmother pushes her grandson on a playground swing.

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 Amherst County. The ones below are statewide in Virginia: they work in Madison Heights the same as in the rest of the state.

Which programs do I qualify for? All programs in Virginia

  • Down Payment Assistance Grant

    Statewide in Virginia

    Virginia state agency down payment grant that you do not repay; for first-time buyers, or any buyer in economic opportunity zones, with a Virginia Housing mortgage. Offered by Virginia Housing (Virginia Housing Development Authority).

    Grant

    See the program Official page

  • Virginia Housing Plus Second Mortgage

    Statewide in Virginia

    Virginia Housing 30-year fixed-rate second mortgage of up to 5% of the price for the down payment (and part of the closing costs with a credit score of 680 or higher); for first-time buyers and for people who have owned a home before. Offered by Virginia Housing (Virginia Housing Development Authority).

    Type not stated

    See the program Official page

  • Closing Cost Assistance Grant

    Statewide in Virginia

    Virginia Housing grant that you do not repay, of up to 2% of the price, for the closing costs of buyers with a Virginia Housing RD (Rural Development) or VA loan. Offered by Virginia Housing (Virginia Housing Development Authority).

    Grant

    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.

  • Lynchburg Community Action Group, Incorporate (aka Lyncag)

    300 12th St, Lynchburg · 3 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 11 more
    (434) 455-1601

  • Total Action for Progress in Roanoke Va

    302 2nd St SW, Roanoke · 48 miles away

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (540) 777-4673

  • Southeast Rural Community Assistance Project

    347 Campbell Ave SW, Roanoke · 48 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 10 more
    (540) 345-1184

All counseling agencies in Virginia

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

HUD lists no housing authority with an office in Amherst County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Virginia Source: HUD

Cities

Nearby cities

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

Everything about Amherst County Housing in Virginia

Neighboring counties

If Amherst 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
A mother holding her baby watches her daughter blow bubbles outdoors.

Questions

Housing questions about Madison Heights

Short answers with the numbers for Madison Heights and all of Amherst 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 $191,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Amherst County it is $212,400.

How much does it cost to rent in Madison Heights?

Typical rent in Madison Heights is $871 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Amherst County is $1,117.

What is the FHA loan limit in Madison Heights?

Madison Heights uses the FHA limit for all of Amherst 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 $810 a year, according to the U.S. Census Bureau. That is 0.42% of the home’s value; in Amherst County, the rate is 0.46%.

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

We found no HUD-approved counseling agencies with an office in Amherst County; the nearest ones are on this page. 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).