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Madison, WI

Full City Profile · Wisconsin · Dane County County

3.7 /5.0
B+ Good
275,568 Population 3,295/sq mi density
$76,983 Median Income $48,557 per capita
$346,900 Home Value $415,530 Zillow
$1,364 Median Rent 29.5% income on rent
50°F Avg Temperature 265 sunny days/yr
231 Violent Crime/100K 2,062 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$76,983 median income, 1.9% unemployment
A
Affordability
4.1 / 5.0
$346,900 home value, $1,364/mo rent
F
Safety
1.0 / 5.0
231 violent crimes/100K
A+
Education
5.0 / 5.0
59.2% bachelor's degree or higher

Housing Overview

Median Home Value
$346,900
23% above
US avg: $281,900
Median Rent
$1,364/mo
17% above
US avg: $1,163/mo
Homeownership Rate
46.6%
29% below US avg (65.4%)
Total Housing Units
125,713
Median year built: 1978

Home Value by Source

Census Median
$346,900
Zillow (ZHVI)
$415,530
Median Sale Price
$420,000
Median List Price
$459,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

46.6%
Owner-Occupied
53.4%
Renter-Occupied
47%
53%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$797/mo
1 Bedroom
$872/mo
2 Bedroom
$1,097/mo
3 Bedroom
$1,405/mo
4 Bedroom
$1,572/mo
Census median rent: $1,364/mo · Zillow rent: $1,649/mo

Market Indicators (Redfin)

Median Days on Market
58 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
165
Price Drops
10.7%
of listings with price reduction
Price Per Sq Ft
$243
Active Inventory
393
homes for sale

Affordability & Housing Stock

Rent Burden
29.5%
of renters spending 30%+ of income on housing
5% below US avg (31.0%)
Median Year Built
1978
Average age of housing stock: 48 years
Homeownership Rate
46.6%

Complete Housing Data

Home Values

Census Median Value$346,900
Zillow Home Value (ZHVI)$415,530
Median Sale Price$420,000
Median List Price$459,900
Price Per Sq Ft$243

Rent

Census Median Rent$1,364
Zillow Rent (ZORI)$1,649
FMR Studio$797
FMR 1-Bedroom$872
FMR 2-Bedroom$1,097
FMR 3-Bedroom$1,405
FMR 4-Bedroom$1,572

Market

Days on Market58
Sale-to-List Ratio1.0%
Price Drops10.7%
Homes Sold165
Active Inventory393
Price Per Sq Ft$243

Ownership & Stock

Owner-Occupied46.6%
Renter-Occupied53.4%
Homeownership Rate46.6%
Total Housing Units125,713
Median Year Built1978
Rent Burden29.5%