Living in Madison Heights, Virginia
Cost of living, income, home prices, rent and demographics of Madison Heights · Census data 2020–2024
Madison Heights has 10,266 residents with a median age of 44.4. The median household income is $60,215 (35% lower than the Virginia median), the median home value is $191,300, the median rent is $871/month.
Madison Heights at a glance
- Population
- 10,266
- Median age
- 44.4State: 39
- Median household income
- $60,215State: $93,170
- Median home value
- $191,300State: $383,700
- Median rent
- $871/moState: $1,579
- Homeowners
- 71.4%
- Bachelor's degree or higher
- 17.4%
- Average commute
- 24 min
Is Madison Heights a good place to live?
Pros: Home values 50% lower than the state median; an average commute of 24 minutes.
Cons: Median household income 35% lower than the Virginia median; unemployment of 5.2%; a poverty rate of 10.5%.
The weather is best in May–June and August–September.
Cost of living in Madison Heights
Housing is the biggest part of the cost of living. In Madison Heights the median home value is $191,300, 43% lower than the U.S. median. Renters pay a median of $871 per month, which is 27.4% of household income. Homeowners with a mortgage pay $1,212 a month in housing costs.
Madison Heights median household income
The median household income in Madison Heights is $60,215 and the income per person is $33,871. 10.5% of residents live below the poverty line (Virginia: 9.9%).
Housing in Madison Heights: homes for sale and rent
- Housing units
- 5,014
- Owner-occupied
- 71.4%
- Renter-occupied
- 28.6%
- Vacant
- 7.4%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.21
Madison Heights demographics
- Population
- 10,266
- Median age
- 44.4
- Under 18
- 18.4%
- 65 and older
- 21%
- Households
- 4,644
- Foreign-born
- 0.5%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Madison Heights ›
Education in Madison Heights
17.4% of adults 25 and older in Madison Heights have a bachelor's degree or higher (Virginia: 42.2%), and 6.2% have a graduate or professional degree.
Jobs and commute in Madison Heights
- Unemployment rate
- 5.2%State: 4.3%
- Average commute
- 24 minState: 27 min
- Work from home
- 8.7%
- Drive alone
- 82%
- Public transit
- 0%
- Walk to work
- 0.2%
- Homes with broadband
- 86%
Madison Heights vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Madison Heights | 10,266 | $60,215 | $191,300 | $871 |
| Lynchburg | 79,497 | $57,947 | $229,800 | $1,073 |
| Amherst | 1,865 | $70,841 | $220,700 | $718 |
| Concord | 1,462 | $71,058 | $227,600 | $771 |
| Forest | 13,430 | $81,552 | $319,800 | $1,315 |
| Timberlake | 12,725 | $75,657 | $235,900 | $1,083 |
| Rustburg | 1,417 | $72,950 | $263,900 | $910 |
| Appomattox | 2,084 | $51,875 | $162,300 | $905 |
| Glasgow | 1,330 | $51,827 | $131,300 | $764 |
More for people moving to Madison Heights
Madison Heights ZIP code ›Weather and climate ›Living in Madison Heights: FAQ
What is the median household income in Madison Heights, VA?
The median household income in Madison Heights is $60,215, 35% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Madison Heights?
The median home value in Madison Heights is $191,300, compared with $383,700 in Virginia.
How much is rent in Madison Heights?
The median gross rent in Madison Heights is $871 per month, about 27.4% of household income.
Is Madison Heights, VA a good place to live?
Pluses: home values 50% lower than the state median; an average commute of 24 minutes. Minuses: median household income 35% lower than the Virginia median; unemployment of 5.2%; a poverty rate of 10.5%.
What is the median age in Madison Heights?
The median age in Madison Heights is 44.4 years (Virginia: 39).
How long is the commute in Madison Heights?
The average commute to work in Madison Heights is 24 minutes; 8.7% of workers work from home.
What is the unemployment rate in Madison Heights?
The unemployment rate in Madison Heights is 5.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Madison Heights?
17.4% of adults in Madison Heights have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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