Welcome to our 48071 real estate data hub, tailored for investors in Madison Heights, MI. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 48071 in Madison Heights, MI. Discover Section 8 housing opportunities and challenges to maximize your investment potential in OAKLAND COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Madison Heights, MI real estate investing. Uncover the wealth of information available, and position yourself for success in the Madison Heights property market.
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Location Overview
- Zip Code: 48071
- City: Madison Heights
- State: MI
- Metro Area: Detroit-Warren-Dearborn, MI
- County Name: OAKLAND COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $196,982
- Average Home Price (Single Family Homes): $198,466
- Average Monthly Rental Price (All Types): $1,481
- Price-to-Rent Ratio: 11
- Zillow Projected % appreciation from 4/2023-4/2024: 0.6%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,230
- Average 3 Bedroom Section 8 Rental Rates: $1,530
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 13.35
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 10.73
- Number of Units Offered in Section 8 in the County: 6085
- Number of Occupied Units in Section 8 in the County: 5730
- Percentage of Section 8 Units Occupied in the County: 94.19999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 199.4
- Total % Appreciation since 2000 (Government Data): 60.95
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.35%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 3.88%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 21.03%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 38.19%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 175.24%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 83.03%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 65.01%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.61%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 4.02%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 26.95%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 36.03%