Madison Metro Area, WI Housing

The housing market in Madison, WI Metro Area is thriving compared to the US average. The median house value in this area is much higher than the national median value of $338,100 with a value of $362,700. In the past year alone, house appreciation in Madison has been 12.37%, more than double the national rate of 8.27%. This means that homes are increasing in value on average more quickly than they are across the country as a whole. Buyers and sellers alike should take advantage of this booming market while it lasts!

The median home cost in Madison Metro Area is $362,700. Home appreciation the last 10 years has been 81.5%. Home Appreciation in Madison Metro Area is up 15.3%.

Average Age of Homes

- The median age of Madison Metro Area real estate is 38 years old

The Rental Market in Madison Metro Area

- Renters make up 36.1% of the Madison Metro Area population
- 1.5% of houses and apartments in Madison Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Madison, Wisconsin	United States
	299,539.0	139,647,020.0
	40	42
	$362,700	$338,100
	15.3%	16.6%
	50.9%	57.0%
	81.5%	101.1%
	$18.79	$10.98
	$5,083	$2,690
	58.2%	57.4%
	4.8%	11.2%
	37.0%	31.4%
Vacant Housing
	1.5%	1.9%
	0.4%	0.4%
	0.4%	0.7%
	0.2%	0.4%
	1.4%	3.6%
	0.9%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	0.9%	2.4%
	0.5%	2.8%
	0.8%	3.9%
	1.7%	4.5%
	7.6%	11.3%
	12.9%	13.0%
	30.8%	20.1%
	21.7%	13.6%
	10.9%	8.3%
	7.6%	9.7%
	1.8%	3.9%
	1.0%	2.2%
	0.3%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	15.4%	13.6%
	15.4%	13.6%
	15.5%	13.6%
	10.7%	13.2%
	14.3%	14.8%
	15.5%	13.6%
	7.6%	10.0%
	3.5%	4.7%
	13.9%	12.2%

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