Market Overview
Home Prices in Madison Heights, MI
The median home value in Madison Heights, MI is $225,261 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.9% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Madison Heights are priced45% below average. Madison Heights is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Madison Heights home values have risen by approximately20.7%, reflecting strong long-term appreciation in this market.
Price History
Madison Heights Home Price Trend
City Comparison
Madison Heights vs. National Median
At $225,261, homes in Madison Heights cost 45% below the national median of $410,000. This makes Madison Heights a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Madison Heights?
20% Down Payment
$45,052
on $225,261
Monthly P&I
$1,175/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,492/mo
incl. taxes & insurance
Income Needed
$59,680
gross annual (30% rule)
10% Down Option
$22,526
+ PMI applies
Loan Amount (20% dn)
$180,209
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Madison Heights, MI?
The median home value in Madison Heights is $225,261 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.9% year-over-year.
How much have home prices changed in Madison Heights?
Over the past year, home values in Madison Heights have decreased by 0.9%. Over five years, prices have risen approximately 20.7%.
How much do I need to earn to buy a home in Madison Heights?
To comfortably afford the median home price of $225,261 with a 20% down payment ($45,052) at today's rates (6.8%), you'd need a gross annual income of approximately $59,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Madison Heights compare to the national average home price?
The national median home value is approximately $410,000. At $225,261, homes in Madison Heights are 45% below the national average.
What metro area is Madison Heights part of?
Madison Heights is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.