Lake Edge
Neighborhood in Madison, Wisconsin
Dane County 53716
What to expect when house-hunting in Lake Edge
The real estate market in Lake Edge is competitive. “There isn’t a lot that becomes available,” says Realtor Michael Schuster of The Madison Home Team for RE/MAX Preferred Real Estate. “I’ve held open houses in that neighborhood and often people grow up in that neighborhood, go away for school and careers, and then they want to come back.” The neighborhood is primarily single-family, with a handful of apartment complexes and condominiums overlooking the water. The streets lack sidewalks in most of Lake Edge, but most houses have a driveway, and some come with a garage. Many yards, on lots of about a quarter-acre, are adorned with brightly colored flowers. Most of the homes were built between the 1930s and 1980s, so there are a lot of ramblers, cottages and Cape Cods that line the streets below a shaded canopy of mature tree growth. “It kind of lends itself to smaller houses, so it’s a little more affordable for first-time homebuyers to get themselves into a home,” says Schuster. Homes typically range in price from $200,000 to the mid-$400,000s. Waterfront condos have recently sold for between $750,000 to $1.25 million.
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Walkable recreation, indoors and out
Wisconsin’s capital city is an outdoor-lover’s dream, with public parks, lakeside amenities and green spaces. Tucked away in the neighborhood is Lake Edge Park, situated on five tranquil acres. The park is home to a medium-sized pavilion with picnic tables, a large field for sports, an all-ages play area and public bathrooms. The Monona Golf Course, operated by the city of Madison, is public and within walking distance. The executive course is a favorite in town, known to be well-kept with a challenging layout. And of course, there are several public parks along the edge of Lake Monona easily accessible to Lake Edge residents, the nearest being Olbrich Park. Residents can come to this 90-acre space to rent a boat, visit the Olbrich Botanical Gardens, have a snack at the Biergarten or watch downtown Madison twinkle across the lake at sunset. On cold or rainy days, the Nerdhaven Arcade, Pinney Library and neighborhood YMCA are within walking distance from many homes.
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Schools that serve the neighborhood
Children in Lake Edge attend schools in the Madison Metropolitan School District like Southside Elementary School, which opened in 2023. Students then usually attend Sennett Middle School, which is graded C-plus by Niche; the school has a dual language immersion program where classes are taught in Spanish and English. Next door to the middle school is La Follette High School, a B-rated school that is wrapping up substantial renovations, including a new Performing Arts Center, gym addition, commons area and café.
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Getting around the greater area
According to Schuster, “It’s convenient to just about everywhere, truthfully. You can get to downtown in 10 minutes and to the interstates in 10 to 12 minutes, so it’s pretty centrally located.” The neighborhood’s eastern border is Route 51, an artery that provides easy access to the entire metro area. Local buses make stops throughout the neighborhood. When it’s time to get out of town, the Dane County Regional Airport is approximately 6 miles away.Where to shop and dine around Lake Edge
Lake Edge’s character is largely residential, but business districts form the northern and eastern borders; it’s along the northern edge where residents can find Chief’s Tavern, a classic neighborhood dive bar decorated with wood paneling and Christmas lights. Known for its live music, guests rave about the selection of craft beers on tap and the happy hour prices. Dairyland Family Restaurant near the Route 51 interchange is a local diner featuring classic American fare. It’s the quintessential greasy spoon, serving up large portions of homestyle favorites such as French toast and biscuits and gravy. To stock up on groceries and essentials, Woodman’s Food Market is only about a mile north of the neighborhood. And near the edge of the lake, just south of Olbrich Park, a community organization of business owners called The East Side Club maintains a space — tiki bar and all — for people to get together, listen to live music, have fish frys on Fridays and generally get to know other members of the community.
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Written By
Katelin Hill
Video By
Bob Yukich
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Agents Specializing in this Area
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Rebecca Bittner
Rebecca Bittner
Coldwell Banker The Realty Group
(608) 292-5542
54 Total Sales
1 in Lake Edge
$900,000 Price
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Tonya Thomsen
Tonya Thomsen
Modern Realty Partners LLC
(262) 592-5516
396 Total Sales
1 in Lake Edge
$425,000 Price
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Jean Armendariz-Kerr
Jean Armendariz-Kerr
Mode Realty Network
(608) 292-5201
105 Total Sales
1 in Lake Edge
$320,133 Price
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Sarah Gabrielse
Sarah Gabrielse
Devout Real Estate Group, LLC
(608) 292-3960
100 Total Sales
2 in Lake Edge
$338K - $800K Price Range
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Lindsay Hagens
Lindsay Hagens
Keller Williams Realty
(608) 807-2411
79 Total Sales
3 in Lake Edge
$289K - $345K Price Range
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Kelley Muselman
Kelley Muselman
Realty Executives Cooper Spransy
(608) 292-6215
93 Total Sales
2 in Lake Edge
$348K - $398K Price Range
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area? Reach out to , an experienced agent in this neighborhood.
Parks in this Area
Acewood Park
Graham Park
Schluter Beach
Lake Edge Park
Olbrich Park
Stone Bridge Park
Lake Edge Park
Capital Springs State Recreation Area
Transit
Crime and Safety
| 1 - Low Crime, 10 - High Crime | Lake Edge | US |
|---|---|---|
| Homicide | 2 | 4 |
| Sexual Assault | 2 | 4 |
| Assault with Weapon | 2 | 4 |
| Robbery | 3 | 4 |
| Burglary | 3 | 4 |
| Motor Vehicle Theft | 3 | 4 |
| Larceny | 4 | 4 |
| Crime Score | 3 | 4 |
Source: WhatIsMyCrimeRisk.com
Lake Edge Demographics and Home Trends
On average, homes in Lake Edge, Madison sell after 21 days on the market compared to the national average of 50 days. The median sale price for homes in Lake Edge, Madison over the last 12 months is $349,500, up 1% from the median home sale price over the previous 12 months.
Housing Trends
Median List Price
$339,900
Median Sale Price
$349,500
Median Single Family Sale Price
$350,000
Median 2 Bedroom Sale Price
$662,500
Median Change From 1st List Price
0%
Last 12 months Home Sales
42
Median Home Sale Price YoY Change
1%
Average Price Per Sq Ft
$265
Neighborhood Facts
Number of Homes in Neighborhood
1,031
Number of Homes for Sale
2
Median Year Built
1951
Months of Supply
0.60
Average Single Family Home Size Sq Ft
1,443
Significantly below the national average
1,933
Average Townhouse Size Sq Ft
2,208
Average 2 Bedroom Size Sq Ft
1,627
Median Lot Size Sq Ft
9,583
Distribution of Home Values
Homes for Sale
Homes for Rent
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$1,325 - $3,695 per month
- The Fitzgerald
- Studio-2 Beds
- 1-2 Baths
- 551+ Sq Ft
- 3914 Monona Dr
- Madison, WI
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Interested in learning more about homes in this area? Reach out to , an experienced agent in this neighborhood.
Average Home Value
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
2,420
Median Age
45
Population Density
6 ppl/acre
Population under 18
16.8%
Below the national average
23.8%
Population over 65
23.1%
On par with the national average
19.1%
Finances
Median Household Income
$82,583
Above the national average
$71,702
Average Household Income
$92,939
Education and Workforce
High School Graduates
96.5%
Above the national average
89.1%
College Graduates
47.4%
Above the national average
34.1%
Advanced Degrees
18.3%
% Population in Labor Force
66%
Weather
Annual Precipitation
37''
Average Winter Low Temperature
12°F
Average Summer High Temperature
82°F
Annual Snowfall
44''
Area Factors
Very Bikeable
Bike Score®
70
/ 100
Somewhat Walkable
Walk Score®
51
/ 100
Some Transit
Transit Score®
40
/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Nearby Neighborhoods
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Eastmorland
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Heritage Heights
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Monona
Set aside scenic Lake Monona, this little suburb has big-city amenities
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