Madison, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Madison, WI Real Estate Data


Madison Housing Market Information

With 248,951 people, 103,169 houses or apartments, and a median cost of homes of $276,247, Madison real estate is some of the most expensive in Wisconsin, although Madison home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Madison, accounting for 43.37% of the city's housing units. Other types of housing that are prevalent in Madison include large apartment complexes or high rise apartments ( 37.47%), duplexes, homes converted to apartments or other small apartment buildings ( 13.40%), and a few row houses and other attached homes ( 5.07%).

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.

There is a lot of housing in Madison built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Madison built between 1940-1969 ( 28.44%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.12%). There's also some housing in Madison built before 1939 ( 14.21%).

Madison Home Appreciation Rates

Appreciation rates for homes in Madison have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.90%, which ranks in the top 40% nationwide. This equates to an annual average Madison house appreciation rate of 0.86%.

Appreciation rates are so strong in Madison that despite a nationwide downturn in the housing market, Madison real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Madison appreciation rates continue to be some of the highest in America, at 6.66%, which is higher than appreciation rates in 81.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Madison. Madison appreciation rates in the latest quarter were at 2.34%, which equates to an annual appreciation rate of 9.70%.

Relative to Wisconsin, our data show that Madison's latest annual appreciation rate is higher than 80% 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 2000, to assist you in making the best Madison real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$276,247

Madison, WI HOME PRICES

Value Range
> $1,151,000 0.6
$864,001 - $1,151,000 1.1
$576,001 - $864,000 4.6
$461,001 - $576,000 5.6
$345,001 - $461,000 12.5
$230,001 - $345,000 32.9
$115,001 - $230,000 36.7
$58,001 - $115,000 3.3
$0 - $58,000 2.8

Very High for WI
Very High for Nation

Value Relative to Nation Value Relative to State
19.4940563330796 9.03490759753593

Number Of Homes And Apartments:
103,169

Rent & Ownership

 

Average Market Rent:
$1,150 / per month

Homeownership Rate

Homeownership
Owners 46.29
Renters 53.71
Vacant 4.64

Housing Market Details

 

Age of Homes

AGE OF Madison HOMES
2000 or Newer 18.1
1970 - 1999 39.2
1940 - 1969 28.4
1939 or Older 14.2

Types of Homes

TYPE OF Madison HOMES
Single-Family 43.4
Townhomes 5.1
Small Apt. Buildings 13.4
Apt. Complexes 37.5
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Madison HOMES
No Bedroom 4.46
1 Bedroom 17.36
2 Bedrooms 31.86
3 Bedrooms 32.19
4 Bedrooms 11.46
5 or more bedrooms 2.66

Madison Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
59.97% 2.80% 10 7
* 10 is highest