The housing market in Madison, WI is looking very promising. The median value of homes in the city is slightly lower than the national average at $337,500. Over the past year, homes have appreciated 13.44% compared to the nation's 8.27%. These figures indicate that now is a great time to invest in Madison's real estate market and take advantage of potential gains.
The median home cost in Madison is $337,500. Home appreciation the last 10 years has been 87.1%. Home Appreciation in Madison is up 15.5%.
Average Age of Homes
- The median age of Madison real estate is 41 years old
The Rental Market in Madison
- Renters make up 48.9% of the Madison population
- 2.0% of houses and apartments in Madison, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.