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Madison Heights city, MI

ZIP 48071 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48071

Median Home Value
$190,300
Median Rent
$1,046
Affordability Snapshot
$52,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,222/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48071 in Madison Heights city, MI, a household would need roughly $52,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,222. That sits below the local median household income ($66,726), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
63.8%-2% vs US avg
x
Vacancy Rate
6.8%-34% vs US avg
x
Broadband Access
90.1%+4% vs US avg
x
4+ Bedrooms
1.5%-90% vs US avg
x
Built Pre-1939
7.0%-46% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
16.3%-67% vs US avg
x
Mortgage-Free
40.0%+5% vs US avg
x
$190,300
Home Value
$1,046
Rent
1960
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached68.6%
  • 1-unit attached1.4%
  • 2-9 units14.0%
  • 10+ units12.3%
  • Mobile home & other3.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$190,300
Median rent$1,046
Owner-occupied63.8%
Vacant6.8%
Price-to-income2.9x
Est. income to buy$52,000