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Carpenter-Ridgeway Homes for Sale

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  • /37

    $354,900

    Open Sat 11AM - 1PM
    • 3 Beds
    • 2 Baths
    • 2,404 Sq Ft

    813 Powers Ave, Madison, WI 53714

    Opportunity knocks! This 3-bedroom, 2-bath home is full of potential and ready for your vision! Offering a great layout and the opportunity to build equity, this home features a new roof, newer furnace, updated electrical, and new LeafGuard gutters on the back of the home. Move in ready or bring your design ideas and add your own finishing touches to make this property truly special. Conveniently

    Agent Photo

    Lisa Fritz

    Cold Water Realty

    813 Powers Ave, Madison, WI 53714
  • /20

    $339,000

    • 2 Beds
    • 2.5 Baths
    • 2,010 Sq Ft

    1029 Melvin Ct, Madison, WI 53704

    Showings begin Wed, Aug 12. Welcome to this spacious 2-bedroom, 2.5-bath townhome-style condo in Creek Edge Condominiums on Madison's east side. With over 2000 sq ft across two floors and a finished LL, there's plenty of room to live, work and unwind. The lower lever was refreshed with new walls and carpet in 2015/16. Recent updates include a sump pump (2020); refrigerator, kitchen/living room

    Nedra Bobo-Boyes Capella Realty Group, LLC

    1029 Melvin Ct, Madison, WI 53704
  • /13

    $629,900

    • 3,000 Sq Ft

    701 Pinecrest Dr, Madison, WI 53714

    FULLY Occupied! Turn-key cash-flow on Madison’s East Side! This all-brick 4-unit building offers immediate rental income and low-maintenance upkeep. All four units are already leased through mid-2027, providing rock-solid stability from day one. Every unit features durable, turnover-friendly hard-surface flooring throughout (no carpet to replace!). Conveniently located near parks, dining, and

    Jessica Janssen Design Realty LLC

    701 Pinecrest Dr, Madison, WI 53714

Why Live in Carpenter-Ridgeway

Carpenter-Ridgeway is a Madison neighborhood that's just a 5-mile drive from downtown. This area features a mix of commercial activity and residential spaces. Housing options include side-by-side duplexes, townhouses, Cape Cods, colonials, Arts and Crafts designs, and ranch-style homes. The neighborhood's amenities include Carpenter-Ridgeway Park, which offers a playground, an open playfield and access to the Starkweather Creek Path. A 3-mile trail, the Starkweather Creek Path leads to The Bridges Golf Course, which is an 18-hole circuit with a clubhouse that serves a popular Friday fish fry. Residents can also enjoy restaurants such as Brothers Three Bar & Grill and La Taguara, a Venezuelan eatery. Retail options include Retro Revolution, an antique store, and nearby chains like Pick 'n Save and Walgreens. The Madison Metropolitan School District serves the neighborhood, and the well-rated East High is close by. The neighborhood benefits from its proximity to the Dane County Regional Airport, and bike paths connect to other parts of Madison. Carpenter-Ridgeway has a moderate risk of flooding and fires, and water pollution in Starkweather Creek has been a concern.

Carpenter-Ridgeway, Madison, WI Home Prices vs. Nearby Neighborhoods

Carpenter-Ridgeway Greater Sandburg Sherman Capitol View
Median Home Price
$354,900
$357,450
$324,900
$299,949
Median Sale Price
$370,000
+13% YoY
$355,000
+7% YoY
$315,000
-1% YoY
$289,000
-15% YoY
Median Single Family Price
$370,000
$392,000
$330,000
$305,000
Median Condo Price
$336,500
$167,000
--
$272,050
Total Active Listings
2 listings
5 listings
3 listings
0 listings
Market Conditions
3 Months of Supply
Seller's Market
1 Month of Supply
Seller's Market
1 Month of Supply
Seller's Market
0 Months of Supply
Seller's Market

Frequently Asked Questions

Is Carpenter-Ridgeway a good place to live?
Carpenter-Ridgeway is a good place to live. Carpenter-Ridgeway is considered somewhat walkable and bikeable with some transit options. Carpenter-Ridgeway is a suburban neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Carpenter-Ridgeway has 7 parks for recreational activities.It is somewhat dense in population with 9.0 people per acre and a median age of 39. The average household income is $62,395 which is below the national average. College graduates make up 41.1% of residents. A majority of residents in Carpenter-Ridgeway are renters, with 59% of residents renting and 41% of residents owning their home. A local real estate agent serving Carpenter-Ridgeway can help you decide if this neighborhood is the right one for you. Learn more on our Carpenter-Ridgeway neighborhood guide.
Is Carpenter-Ridgeway, WI a safe neighborhood?
Carpenter-Ridgeway, WI is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Carpenter-Ridgeway?
The median home price in Carpenter-Ridgeway is $354,900. If you put a 20% down payment of $71,000 and had a 30-year fixed mortgage with an interest rate of 6.66%, your estimated principal and interest payment would be $1,820 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $78K a year to afford the median home price in Carpenter-Ridgeway. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Carpenter-Ridgeway is $62K.
What are the best public schools in Carpenter-Ridgeway?
The best public schools that serve Carpenter-Ridgeway are:
  • East High School has a B+ Niche grade, a student teacher ratio of 16:1 and an average review score of 3.5.
  • O'Keeffe Middle has a B+ Niche grade, a student teacher ratio of 12:1 and an average review score of 3.0.
  • Hawthorne Elementary School has a C+ Niche grade and a student teacher ratio of 10:1.
What are the best private schools in Carpenter-Ridgeway?
The best private schools that serve Carpenter-Ridgeway are:
What are the most popular zip codes in Carpenter-Ridgeway, Madison, WI?
The most popular zip codes in Carpenter-Ridgeway, Madison, WI include 53704, 53714, 53703, 53718 and 53716.
What are the most popular neighborhoods near Carpenter-Ridgeway, Madison, WI?
The most popular neighborhoods near Carpenter-Ridgeway, Madison, WI are Eken Park, Atwood, Greater Sandburg, Eastmorland and Berkeley Oaks.
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