Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 255,214, 107,890 total housing units (homes and apartments), and a median house value of $281,359, 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 42.57% of the city's housing units. Other types of housing that are prevalent in Madison include large apartment complexes or high rise apartments ( 39.26%), duplexes, homes converted to apartments or other small apartment buildings ( 12.48%), and a few row houses and other attached homes ( 5.11%).
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 ( 27.43%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.70%). There's also some housing in Madison built before 1939 ( 13.60%).
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 22.29%, which ranks in the top 40% nationwide. This equates to an annual average Madison house appreciation rate of 2.03%.
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 3.21%, 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 -0.62%, which equates to an annual appreciation rate of -2.44%.
Notably, Madison's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Wisconsin, our data show that Madison's latest annual appreciation rate is lower than 70% 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.
|$887,001 - $1,183,000||0.9|
|$591,001 - $887,000||3.9|
|$473,001 - $591,000||5.7|
|$355,001 - $473,000||14.7|
|$236,001 - $355,000||34.1|
|$118,001 - $236,000||35.0|
|$59,001 - $118,000||2.9|
|$0 - $59,000||2.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
2000 Q1 - 2019 Q1
|* 10 is highest|
|AGE OF Madison HOMES|
|2000 or Newer||19.7|
|1970 - 1999||39.3|
|1940 - 1969||27.4|
|1939 or Older||13.6|
|TYPE OF Madison HOMES|
|Small Apt. Buildings||12.5|
|SIZE OF Madison HOMES|
|5 or more bedrooms||2.72|