Why Live in Nakoma
Nakoma, a neighborhood in Madison, is nestled against the western edges of an expansive arboretum, providing residents with lush green spaces and streets shaded by tall trees. Located 3 miles southwest of downtown Madison and less than a mile from Lake Wingra, Nakoma offers an array of recreational activities close to home. The neighborhood features homes built between the 1930s and 60s, including Georgians, colonial revivals, Tudors, and modern traditional styles. The Nakoma Historic District, with its period revival style homes, is listed on the National Register of Historic Places. Residents can enjoy Nakoma Park, a 5-acre wooded area with basketball and tennis courts, a playground, and an ice-skating rink in winter. The nearby University of Wisconsin-Madison Arboretum offers over 1,200 acres of natural habitats and 17 miles of trails. For those interested in things to do, the Nakoma Golf Club provides golfing, swimming, tennis, and dining options. Local dining includes Gates and Brovi, known for its craft beer and seafood dishes. Shopping options include Atomic Antiques, Goodwill, and nearby grocery stores like Hy-vee and A-mart Asian Grocery. The Westside Community Market offers fresh, locally made produce from April to November. Nakoma is served by highly rated Madison West High School and is conveniently located near Metro Transit bus stops, providing easy access to downtown Madison and the University of Wisconsin-Madison, which is about 2 miles away.
Frequently Asked Questions
Is Nakoma a good place to live?
Nakoma is a good place to live. Nakoma is considered car-dependent and bikeable with some transit options. Nakoma is a suburban neighborhood. Nakoma has 6 parks for recreational activities. It is fairly sparse in population with 4.5 people per acre and a median age of 43. The average household income is $186,838 which is above the national average. College graduates make up 87% of residents. A majority of residents in Nakoma are home owners, with 15% of residents renting and 85% of residents owning their home. A
local real estate agent serving Nakoma can help you decide if this neighborhood is the right one for you. Learn more on our
Nakoma neighborhood guide.
How much do you need to make to afford a house in Nakoma?
The median home price in Nakoma is $474,900. If you put a 20% down payment of $95,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,460 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $105K a year to afford the median home price in Nakoma. The average household income in Nakoma is $187K.
What are the best public schools in Nakoma?
The best public schools that serve Nakoma are:
What are the best private schools in Nakoma?
The best private schools that serve Nakoma are:
What are the most popular zip codes in Nakoma, Madison, WI?
What are the most popular neighborhoods near Nakoma, Madison, WI?
Are home prices dropping in Nakoma?
Yes, home prices in Nakoma are down 33% in the last 12 months.
Home Trends in Nakoma, WI
On average, homes in Nakoma, Madison sell after 181 days on the market compared to the national average of 70 days. The median sale price for homes in Nakoma, Madison over the last 12 months is $175,000, down 66% from the median home sale price over the previous 12 months.
Median Sale Price
$175,000
Median Single Family Sale Price
$595,750
Median Townhouse Sale Price
$399,900
Median 2 Bedroom Sale Price
$175,000
Average Price Per Sq Ft
$511
Number of Homes for Sale
5
Last 12 months Home Sales
5
Median List Price
$474,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-66%