Median price for residential apartments in Madison Heights, VA as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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89 Madison Heights, VA 24572, USA apartments for sale
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Plot For Sale In Lynchburg, Virginia
507 Norwood Street, Lynchburg, VA 24504, USA
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1810 Laurel Street, Lynchburg, VA 24504, USA
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501 Norwood Street, Lynchburg, VA 24504, USA
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Madison Heights
According to statistics, the population in Madison Heights, VA amounts to 11,180, which shows growth 5% compared to the previous year. The median age of the city’s residents is 43. The average household income is $40,329, shifting growth 5% from the past year, and the average property value in Madison Heights, VA growth 2% to $131,700 throughout the year.
| Population | 11,180 |
| Median Age | 43.1 |
| Poverty Rate | 15% |
| Household Income | $40,329 |
| Number Of Employees | 5,261 |
| Median Property Value | $131,700 |
Household Income
The average household income in Madison Heights, VA grew from $38,312 to $40,329 in the past year. This data is an estimate based upon 4,526 households in Madison Heights, VA . The chart below presents how household income is distributed in Madison Heights, VA in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Madison Heights, VA shifted from $129,000 to $131,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Madison Heights, VA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Madison Heights, VA properties falls in the '$125,000 to $149,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Madison Heights, VA compared to median property taxes around the country. The prevalent amount of property taxes in Madison Heights, VA equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Madison Heights, VA 24572, USA
Average apartment sale in Madison Heights: $204,447 (-2.7%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $15,000 | -90.4% |
| 2-bed apartments | $156,236 | +7.5% |
| 3-bed apartments | $233,665 | +4% |
| 4+ bed apartments | $241,875 | +0% |
During Dec 2022, the average price for an apartment in/near Madison Heights, VA decreased by 2.7% to $204,447.
Knowing the current property prices is key if you plan to buy a studio in Madison Heights, VA. The average price for a studio has decreased since the last month, currently being $15,000. Asking price for 2-bed apartment also increased by 7.5% and a place of this size will now cost you $156,236. A 3-bed apartment goes for $233,665, it increased by 4% lately. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $241,875 for a big-family home.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Duplexes for sale | $245,000 | +0% |
| Houses for sale | $218,702 | +0.3% |
| Land for sale | $15,000 | -90.4% |
Price reports demonstrate that house price increased by 0.3% this month making it up to $218,702. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $134,900. An average value of duplex is $245,000, thus a median price for a duplex remains the same this month. The average price of the land for sale in Madison Heights, VA has decreased by 90.4%, and now equals $15,000.
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