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 Units by Size|
|Five Bedrooms or more||1.30%|
Owned Homes, Apartments and Condos
|Average Household Size||2.43|
|Median year structure was built||1970|
|Median Value of occupied units||$86,000|
|Median Price asked for vacant units||$93,500|
Rented Homes, Apartments and Condos
|Average Household Size||2.3|
|Median year structure was built||1973|
|Median Monthly Rent asked for vacant units||$364|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||5%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.4%|