Home prices
The median home in Madison Heights is valued at $138,400. In comparison to the surrounding areas this is approximately $35,180 (20%) lower.It is roughly $79,100 (36%) lower compared to the US as a whole, and is roughly $3,300 (2%) higher compared to the city of Roanoke.
Rents
Madison Heights's median rent is $690 per month. In comparison to nearby areas this is about $185 (21%) lower.Compared to the US as a whole it is approximately $372 (35%) lower, and it is roughly $124 (15%) lower in comparison to the city of Roanoke.
Nearby places
Lynchburg
Lynchburg is Madison Heights's neighbor to the southwest. The real estate prices there are somewhat more expensive. The median home price in Lynchburg is $160,100, which works out to $21,700 (13%) higher than Madison Heights. The rent there is a little more expensive. In Lynchburg the median rent is $857 a month, which comes out to $167 (19%) higher than Madison Heights.
Concord
Concord is roughly 9 miles southeast of Madison Heights. Its real estate prices are a bit less expensive. The median home value in Concord is $120,500, which works out to $17,900 (14%) lower than Madison Heights. Its rents are a bit more expensive. Concord's median rent is $813 per month, which comes out to $123 (15%) higher than Madison Heights.
Amherst
Amherst is approximately 9 miles north from Madison Heights. The real estate prices there are a bit more expensive. The median home in Amherst is valued at $168,100, which comes out to $29,700 (17%) higher than Madison Heights. Rents there are a little more expensive. The median monthly rent in Amherst is $807, which is $117 (14%) higher than Madison Heights.
Forest
Forest is about 10 miles southwest from Madison Heights. Housing prices there are a lot more expensive. Forest's median home value is $234,500, which works out to $96,100 (40%) higher than Madison Heights. Rents there are a bit more expensive. The median monthly rent in Forest is $988, which works out to $298 (30%) higher than Madison Heights.
Timberlake
Timberlake is about 11 miles southwest from Madison Heights. Its housing prices are a bit more expensive. The median home in Timberlake costs $184,700, which works out to $46,300 (25%) higher than Madison Heights. Rents there are a little more expensive. The median monthly rent in Timberlake is $909, which comes out to $219 (24%) higher than Madison Heights.
