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Madison Heights, VA
Full City Profile · Virginia · Lynchburg city County
3.1
/5.0
B
Good
10,398
Population
542/sq mi density
$62,727
Median Income
$35,746 per capita
$181,300
Home Value
$239,739 Zillow
$826
Median Rent
34.2% income on rent
55°F
Avg Temperature
305 sunny days/yr
467
Violent Crime/100K
2,533 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$62,727 median income, 2.8% unemployment
A+
Affordability
5.0 / 5.0
$181,300 home value, $826/mo rent
F
Safety
1.0 / 5.0
467 violent crimes/100K (23% above avg)
C
Education
2.3 / 5.0
16.6% bachelor's degree or higher
Housing Overview
Median Home Value
$181,300
36% below
US avg: $281,900
Median Rent
$826/mo
29% below
US avg: $1,163/mo
Homeownership Rate
72.2%
10% above US avg (65.4%)
Total Housing Units
4,965
Median year built: 1971
Home Value by Source
Census Median
$181,300
Zillow (ZHVI)
$239,739
Median Sale Price
$251,950
Median List Price
$241,700
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
72.2%
Owner-Occupied
27.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,137/mo
1 Bedroom
$1,181/mo
2 Bedroom
$1,369/mo
3 Bedroom
$1,787/mo
4 Bedroom
$2,126/mo
Census median rent:
$826/mo
· Zillow rent:
$1,189/mo
Market Indicators (Redfin)
Median Days on Market
23 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
8
Price Drops
35.3%
of listings with price reduction
Price Per Sq Ft
$160
Active Inventory
17
homes for sale
Affordability & Housing Stock
Rent Burden
34.2%
of renters spending 30%+ of income on housing
10% above US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
72.2%
Complete Housing Data
Home Values
| Census Median Value | $181,300 |
| Zillow Home Value (ZHVI) | $239,739 |
| Median Sale Price | $251,950 |
| Median List Price | $241,700 |
| Price Per Sq Ft | $160 |
Rent
| Census Median Rent | $826 |
| Zillow Rent (ZORI) | $1,189 |
| FMR Studio | $1,137 |
| FMR 1-Bedroom | $1,181 |
| FMR 2-Bedroom | $1,369 |
| FMR 3-Bedroom | $1,787 |
| FMR 4-Bedroom | $2,126 |
Market
| Days on Market | 23 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 35.3% |
| Homes Sold | 8 |
| Active Inventory | 17 |
| Price Per Sq Ft | $160 |
Ownership & Stock
| Owner-Occupied | 72.2% |
| Renter-Occupied | 27.8% |
| Homeownership Rate | 72.2% |
| Total Housing Units | 4,965 |
| Median Year Built | 1971 |
| Rent Burden | 34.2% |