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Why Live in Madison

Madison's iconic State Street connects the majestic Capitol building to the University of Wisconsin campus, creating a pedestrian paradise filled with local shops and eateries. The city embraces its location between Lakes Mendota and Monona, where residents enjoy boating, swimming, and kayaking throughout summer months. The Memorial Union Terrace provides stunning lakefront views while serving as a gathering spot for drinks and live music. The Dane County Farmers' Market, the largest producer-only market in the United States, encircles the Capitol Square every Saturday from April through November. Cultural attractions include the Overture Center for the Arts, which hosts Broadway shows and concerts, plus the free Henry Vilas Zoo and interactive Children's Museum. The dining scene features upscale establishments like L'Etoile and The Harvey House, alongside casual favorites such as Graze, which overlooks the Capitol.

The housing market presents diverse options across neighborhoods. In Dudgeon-Monroe, the median price for single family homes reaches $800,000, while Vilas commands $1,070,000. More moderate options exist in Atwood, where the median single family home price is $450,000. The median price for one-bedroom condos throughout Madison is $235,000, with two-bedroom units at $278,800. Townhomes have a median price of $517,500.

Madison's overall cost of living stands 4.9% above the national average. A family with school-age children needs approximately $110,000 annually to live comfortably, while renters should aim for $53,000. Property taxes in Dane County run 1.71%, lower than Milwaukee County at 2.04%. The city maintains strong public education, with West High School and Madison Country Day School both earning A ratings. The University of Wisconsin-Madison and Edgewood College provide higher education options. Madison Metro Transit serves the downtown area and university campus with frequent bus routes, complementing the city's 200 miles of bike trails.

Home Price Trends

Median Sale Price
$429,900
Median Single Family Sale Price
$474,000
Median Townhouse Sale Price
$482,950
Median 2 Bedroom Sale Price
$309,900
Median 1 Bedroom Sale Price
$266,000
Average Price Per Sq Ft
$281
Number of Homes for Sale
0
Last 12 months Home Sales
2,539
Months of Supply
2.40
Median List Price
$434,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%
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