Madison Heights, VA housing market
The typical Madison Heights home is worth about $248,000, up 0.6% in a year, 40% below the Virginia typical home. Homes typically sell in 12 days, close to asking.
Home values, sales, trends and how Madison Heights compares with the towns next door — updated as new data is published.
Madison Heights at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Madison Heights | Virginia |
|---|---|---|
| 2017 | $150,000 | $253,000 |
| 2018 | $154,000 | $263,000 |
| 2019 | $159,000 | $271,000 |
| 2020 | $169,000 | $284,000 |
| 2021 | $184,000 | $311,000 |
| 2022 | $202,000 | $345,000 |
| 2023 | $226,000 | $367,000 |
| 2024 | $239,000 | $386,000 |
| 2025 | $253,000 | $405,000 |
| 2026 | $246,000 | $411,000 |
| August 2026 | $248,000 | $415,000 |
Madison Heights and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Madison Heights | $248K | +0.6% | $1,080 | — | $60,215 |
| Lynchburg | $266K | +0.8% | $1,310 | 213 | $57,947 |
4.1 years of income
The typical Madison Heights home costs about 4.1 years of the town's median household income, less than across Virginia (4.5 years).
How Madison Heights ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,080
HUD's Fair Market Rent for a two-bedroom in Madison Heights is $1,080 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Madison Heights pay a median of $871, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
Studio $940 · 4 bedrooms $1,610
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (24572; Lynchburg, VA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Madison Heights
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.