The story of this market
The typical home in ZIP 48071 sells for about $240,000, or $185 per square foot.
Prices are up +8.6% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,176 a month.
ZIP 48071 — Madison Heights
The Madison Heights housing market shows resilience with a year-over-year price increase of 8.6%, driven by steady demand for affordable suburban housing. While inventory remains tight, the market is balanced by consistent buyer interest and proximity to major employment hubs. Figures for specific metrics like price-cut percentages are based on current active listing trends.
This ZIP is ideal for first-time homebuyers, young professionals, and commuters seeking an affordable, centrally located suburban environment with easy access to major regional employment hubs.
Median prices moved up 8.6% year over year.
Homes spend a median of 28 days on market with 2.1 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 10.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 48071, Oakland County MI
Crime rates in Madison Heights are generally lower than the surrounding Detroit-Warren-Dearborn metro area, with property crime being the primary concern. The city maintains a stable safety profile compared to regional averages.
Schools serving the area are primarily part of the Lamphere and Madison school districts, which generally receive average ratings. Educational quality is considered stable with a focus on community-integrated learning.
The area faces standard Midwestern climate risks, primarily related to heavy rainfall and potential localized flooding. Insurance premiums are generally stable but reflect regional exposure to wind and storm damage.
Madison Heights benefits from its proximity to major automotive and manufacturing hubs in Oakland County. Infrastructure investment remains focused on maintaining its established suburban commercial corridors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Residents benefit from excellent access to I-75 and I-696, providing direct routes to the Detroit employment core and surrounding tech corridors. Average commute times are approximately 25 minutes.
The area features several community parks, including Civic Center Park, and is within short driving distance of major shopping centers and dining districts along the 14 Mile and John R corridors.
The rental market is characterized by steady demand from young professionals and small families, with moderate vacancy pressure. Investor interest remains active due to the area's affordability relative to neighboring suburbs.
The local economy is anchored by light manufacturing, automotive supply chain businesses, and a robust retail sector. It serves as a key employment node within the Oakland County corridor.
The area is highly accessible via the I-75 and I-696 highway interchange, facilitating regional transit. Public transit options are limited to bus services provided by SMART.
Development is focused on the redevelopment of aging commercial properties into modern mixed-use spaces to attract new businesses.
Oakland County Equalization Division oversees property assessments, ensuring compliance with state-mandated valuation standards.
Parcels are subject to standard municipal, county, and school district taxes, with no significant MUD/PID overlays reported.
Property insurance remains stable, though homeowners are advised to maintain coverage for water-related damage common in the region.
Michigan is a judicial foreclosure state, providing homeowners with specific notice and redemption rights.
Sellers are required to provide a comprehensive property disclosure statement covering known material defects.
Data retrieved from US Census Bureau and Data USA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- C.J. Barrymore's4.413.6 mi
- Dave & Buster's Livonia417 mi
- Dave & Buster's Utica4.19.9 mi
- Round1 Bowling & Arcade - Auburn Hills4.116.7 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.413.4 mi
- Little Caesars Arena4.611.6 mi
- Comerica Park4.711.9 mi
- Ford Field4.611.8 mi
- Huntington Place4.512.7 mi
- Topgolf4.216.4 mi
- Comerica Park4.711.9 mi
- Detroit Zoo4.53 mi
- Detroit Institute of Arts4.810.3 mi
- Windsor-Detroit Tunnel4.312.6 mi
- Emagine Royal Oak4.32.1 mi
- Henry Ford Museum of American Innovation4.815.4 mi
- Detroit Institute of Arts4.810.3 mi
- Greenfield Village4.815.3 mi
- Michigan Central4.812.3 mi
- Motown Museum4.79.8 mi
- Campus Martius Park4.712.4 mi
- Dodge Park4.77.8 mi
- Detroit Riverwalk4.812.7 mi
- Cranbrook House & Gardens4.88.3 mi
- Innovation Hills4.710.8 mi
- Cherry Creek Golf Club4.512.6 mi
- Western Golf & Country Club4.612.6 mi
- Rackham Golf Course3.83.6 mi
- Sanctuary Lake Golf Course3.98.2 mi
- Maple Lane Golf Club and Driving Range45.5 mi
- Somerset Collection4.65.5 mi
- Oakland Mall4.12.2 mi
- Meijer44.2 mi
- Meijer4.24.5 mi
- Meijer49 mi
- Detroit Metropolitan Wayne County Airport4.323.8 mi
- Windsor International Airport4.217.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Central community park with sports facilities and walking paths.
Popular regional waterpark located nearby in Madison Heights.
Major commercial artery featuring diverse retail and dining options.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).