Madison Heights, VA Real Estate

According to census data in the year 2000 there were 4,661 housing units in Madison Heights. This represents a 11.8% growth from 4,168 in 1990.

Of those housing units, 3,792 were located in either urbanized areas or urban clusters, and 869 were located in what is classified as a rural area.

Homeownership rate in Madison Heights is about 71%. Madison Heights's vacancy rate, including seasonal lodging, is about 4.3%. Average household size is 2.39 people.

The majority of houses, apartments or condos in Madison Heights were built after 1971.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom4.60%
Two Bedrooms32.50%
Three Bedrooms50.10%
Four Bedrooms11.20%
Five Bedrooms or more1.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.43
Median year structure was built1970
Median Value of occupied units$86,000
Median Price asked for vacant units$93,500

Rented Homes, Apartments and Condos

Average Household Size2.3
Median year structure was built1973
Median Monthly Rent asked for vacant units$364

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage12.10%
Home Equity Loan5%
Simple Mortgage43.80%
Debt Free39%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.4%