Madison Heights, MI
Commercial Real Estate Market Trends & Data
Madison Heights's Demographic Profile
Madison Heights has 12,844 households and a median income of $58,092, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 27,458 |
| # Households | 12,844 |
| Median age | 40 |
| Median household income | $58,092 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 5,389 |
| 5-year population change | -1% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Madison Heights, MI
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Madison Heights | $149 | 14,228 SF | 9.42% |
| Royal Oak | $271 | 7,233 SF | 11.00% |
| Clawson | $249 | 14,448 SF | 9.42% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Hazel Park | $101 | 24,374 SF | 7.04% |
| Ferndale | $90 | 36,535 SF | 7.04% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Madison Heights | $350 | 4,864 SF |
| Royal Oak | $328 | 6,697 SF |
| Clawson | $365 | 8,820 SF |
| Hazel Park | $100 | 6,832 SF |
| Pleasant Ridge | $405 | 3,452 SF |
Commercial Properties For Sale in Madison Heights
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Madison Heights pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Madison Heights | $200 | 11,440 SF |
| Royal Oak | $272 | 9,817 SF |
| Clawson | $223 | 21,180 SF |
| Hazel Park | $156 | 18,769 SF |
| Pleasant Ridge | $571 | 3,452 SF |
Regional Demographic Comparison
This comparison places Madison Heights alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Madison Heights or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Madison Heights | 27,458 | 12,844 | 40 | $58,092 | 2 | 5,389 | -1% |
| Royal Oak | 58,141 | 29,382 | 39 | $93,580 | 2 | 9,788 | -1% |
| Clawson | 11,135 | 5,468 | 41 | $81,020 | 2 | 1,469 | -1% |
| Hazel Park | 15,774 | 7,258 | 39 | $52,702 | 2 | 3,019 | 1% |
| Pleasant Ridge | 2,496 | 1,057 | 47 | $150,631 | 2 | 54 | -2% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Madison Heights, MI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Madison Heights
Madison Heights offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Madison Heights. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Madison Heights. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Madison Heights. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Madison Heights, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
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