Madison Heights, MI Housing Market

$221,906

0.2% 1-yr

The average Madison Heights, MI home value is $221,906, down 0.2% over the past year, and homes go to pending in around 7 days. (Updated on 4/30/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Madison Heights Key Takeaways

Typical Home Values: $221,906

1-Year Value Change: -0.2%

(Data through April 30, 2026)

Madison Heights Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 73 (April 30, 2026)

New Listings: 36 (April 30, 2026)

Median Sale to List Ratio: 0.991 (March 31, 2026)

Median Sale Price: $209,083 (March 31, 2026)

Median List Price: $213,933 (April 30, 2026)

Percent of Sales Over List Price: 35.6% (March 31, 2026)

Percent of Sales Under List Price: 50.5% (March 31, 2026)

Median Days to Pending: 7 (April 30, 2026)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Madison Heights

NameMedian ZHVI
State Fair Grounds--
Butler$63,442
Nolan$48,244
Green Acres$215,870
Penrose$37,345
Garden Homes$75,112
Palmer Woods$547,026
Chaldean Town$60,520
Pershing$51,398

Move forward with a local partner

Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.

Talk to a local agent

Madison Heights Homes for Sale

View Madison Heights listings

Get pre-qualified for a loan

At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact on your credit score.

Start Now

An equal housing lender. NMLS #10287.

Madison Heights Rental Market Trends

Average Rent: $1,550 (April 30, 2026)

National Average Rent: $1,930 (April 30, 2026)

Month-Over-Month Change: -0.4% (April 30, 2026)

Year-Over-Year Change: 3.1% (April 30, 2026)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.