Zip 53703 (Madison, WI) Housing

The housing median value in Madison, WI 53703 is $450,700 which is much higher than the US house median value of $338,100. Furthermore, the one year house appreciation rate for Madison was 13.46%, which is significantly higher than the national average of 8.27%. This makes Madison an attractive real estate market for both buyers and sellers who are looking for a good return on their investments. The high housing median value and appreciation rate make Madison a desirable location to purchase a home.

The median home cost in Madison (zip 53703) is $450,700. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Madison (zip 53703) is up 15.5%.

Average Age of Homes

- The median age of Madison (zip 53703) real estate is 48 years old

The Rental Market in Madison (zip 53703)

- Renters make up 78.2% of the Madison (zip 53703) population
- 3.0% of houses and apartments in Madison (zip 53703), 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
	20,050.0	139,647,020.0
	47	42
	$450,700	$338,100
	15.5%	16.6%
	51.7%	57.0%
	87.6%	101.1%
	$20.21	$10.98
	$8,242	$2,690
	12.6%	57.4%
	6.7%	11.2%
	80.7%	31.4%
Vacant Housing
	3.0%	1.9%
	1.1%	0.4%
	0.4%	0.7%
	0.3%	0.4%
	1.5%	3.6%
	0.4%	4.1%
Value of Owner-Occupied Housing
	1.3%	2.6%
	0.0%	2.4%
	1.7%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	1.2%	11.3%
	3.8%	13.0%
	20.6%	20.1%
	20.2%	13.6%
	15.3%	8.3%
	19.3%	9.7%
	7.3%	3.9%
	2.6%	2.2%
	6.7%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	13.2%	13.6%
	13.2%	13.6%
	6.4%	13.6%
	6.6%	13.2%
	9.0%	14.8%
	6.4%	13.6%
	4.2%	10.0%
	4.4%	4.7%
	29.3%	12.2%

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