Zip 53716 (Madison, WI) Housing

The housing market in 53716 Madison, WI is thriving - the median value of houses in this area is $331,800, which is slightly lower than the US House Median Value of $338,100. Additionally, the 1 year house appreciation rate for 53716 Madison is 13.46%, much higher than the US average of 8.27%. Overall, it appears that the housing market in this area is growing rapidly and performing better than the national average. This suggests that now may be a great time to buy a home in 53716 Madison, WI.

The median home cost in Madison (zip 53716) is $331,800. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Madison (zip 53716) is up 15.5%.

Average Age of Homes

- The median age of Madison (zip 53716) real estate is 51 years old

The Rental Market in Madison (zip 53716)

- Renters make up 28.5% of the Madison (zip 53716) population
- 2.1% of houses and apartments in Madison (zip 53716), 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
	8,566.0	139,647,020.0
	56	42
	$331,800	$338,100
	15.5%	16.6%
	51.7%	57.0%
	87.6%	101.1%
	$19.90	$10.98
	$5,096	$2,690
	71.7%	57.4%
	3.3%	11.2%
	25.1%	31.4%
Vacant Housing
	2.1%	1.9%
	0.4%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.7%	3.6%
	0.1%	4.1%
Value of Owner-Occupied Housing
	0.3%	2.6%
	0.9%	2.4%
	0.1%	2.8%
	1.1%	3.9%
	0.1%	4.5%
	5.3%	11.3%
	14.7%	13.0%
	46.7%	20.1%
	18.8%	13.6%
	6.2%	8.3%
	3.2%	9.7%
	1.1%	3.9%
	0.7%	2.2%
	0.4%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	4.6%	13.6%
	4.6%	13.6%
	7.5%	13.6%
	9.0%	13.2%
	16.3%	14.8%
	7.5%	13.6%
	26.4%	10.0%
	8.0%	4.7%
	7.4%	12.2%

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