Madison Housing Market: Home Prices & Rent
Madison home values since 2000
Last few years
Rent in Madison
Owning vs renting, monthly
Buying the typical Madison home with 20% down at this week's 7.32% 30-year rate costs about $3,007/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,780/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Madison vs Wisconsin vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $446k | +3.1% | $1,780/mo |
| Wisconsin | $337k | +5.1% | - |
| United States | $366k | +1.2% | $1,932/mo |
Get Madison's housing report every month
Home prices, rent and what changed - one short email when the new data comes out. Free, unsubscribe any time.
Common questions
Are home prices falling in Madison?
No - the typical Madison-area home value is up 3.1% over the past 12 months, at $446k (September 2026).
Is the Madison housing market crashing?
Home values are close to their 2020s high and up 3.1% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Madison?
Typical rent in the Madison metro is $1,780 a month (September 2026), +2.1% over 12 months.
How much income do you need to buy a home in Madison?
About $113k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Milwaukee, WI · Colorado Springs, CO · Nashville, TN · Phoenix, AZ · Charleston, SC
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Madison, WI metro area. How we calculate.