Madison appreciation rates and housing market information

Madison housing market information

With 207,525 people, 92,353 houses or apartments, and a median cost of homes of $232,094, Madison real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Madison, accounting for 43.68% of the city's housing units. Other types of housing that are prevalent in Madison include large apartment complexes or high rise apartments (35.78%), duplexes, homes converted to apartments, or other small apartment buildings (14.92%), row houses and other attached homes (4.58%), and a few mobile homes or trailers (1.01%).

People in Madison primarily live in small (one, two, or no bedroom) single-family detached homes. Madison has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Madison's housing was primarily built during this period, from the '40s through the '60s. A full 37.54% of the city's housing hails from this era. Other housing ages represented in Madison include homes built between 1970-1994 (37.19%), and housing constructed from 1939 and earlier (16.92%). There's also some housing in Madison built between 1995 and later (8.35%).

Madison home appreciation rates

Real estate appreciation rates in Madison have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.41% during the period.

Over the last year, Madison appreciation rates have trailed the rest of the nation. In the last twelve months, Madison's appreciation rate has been -0.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Madison were at -0.18%, which equates to an annual appreciation rate of -0.72%.

Relative to Wisconsin, our data show that Madison's latest annual appreciation rate is higher than 34% of the other cities and towns in Wisconsin.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Madison differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Madison - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Madison real estate investment or home purchase decisions.