Madison

Wisconsin · Ranked #302 of 373 metros

50Moderate
💡
Housing in Madison costs 4.54× the median income, above the national average of 4.5×. The median home price is $373K and median rent is $1,335/month. Madison ranks #302 of 373 metros for affordability.

Median Home Price

🏠

$373K

Need $109K income

Median Rent

🔑

$1,335

Need $54K income

Housing Shortage

📉

12,000

units needed

Building Permits

🔨

5,838

annual

Median Income

💰

$82K

Pop: 680,796

Rent Burden

⚠️

28.5%

of renters paying >30%

Price Change (YoY)

📈

+5%

Homeownership

🏡

59.0%

Rent Burden

vs. National Average

Key Facts vs. National Average

MetricMadisonNational
Price-to-Income Ratio4.54x6.1x
Rent Burden28.5%31.5%
Homeownership Rate59.0%65.5%
YoY Price Change+5%+3.5%
YoY Rent Change+4%+2.8%
Mortgage Denial Rate10.5%13.5%
Eviction Rate3.0%3.6%

House Price Index (2000–2025)

FHFA All-Transactions HPI

Since 2019: +61.3%Since 2000: +180.1%

HUD Fair Market Rents (FY2026)

Section 8 voucher payment standards

Studio$1,268/mo
1 Bedroom$1,482/mo
2 Bedroom$1,694/mo
3 Bedroom$2,236/mo
4 Bedroom$2,509/mo

Zillow Market Data

Home Value (ZHVI)

$434K

1yr: +3.0%5yr: +36.9%

Rent (ZORI)

$1,659/mo

1yr: +2.4%5yr: +34.3%

Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.

Redfin Market Activity

Median Sale Price

$318K

Active Inventory

105

Days on Market

100

Sold Above List

16.7%

Price Drops

15.2%