Madison housing market: home prices, trends and forecast
Madison home prices: the Zillow Home Value Index placed the typical home in Madison, Wisconsin at $424,543 in September 2026. It rose 2.5% from a year before and reached its highest recorded monthly value.
- Value of a typical home
- $424,543September 2026, Zillow ZHVI
- Change over 12 months
- +2.5%since September 2025
- Change over 10 years
- +78.5%since September 2016
- Multiple since the year 2000
- The multiple is ×3.0, based on $142,086.
Madison home prices since 2000
Madison appears on the steel line, while the United States appears on the grey line. Since January 2000, the typical Madison home rose from $142,086 to $424,543, a ×2.99 increase compared with ×2.99 for the US during those same months. The boom peak was $220,505 in December 2007. The low reached $193,212 in May 2012, a decline of 12.4%.
Yearly median home price in Madison
The annual number averages twelve monthly values. The 2026 figure presents only the newest month.
| Year | Madison | Change on the year | United States |
|---|---|---|---|
| 2000 | $144,274 | $125,745 | |
| 2001 | $152,372 | +5.6% | $134,899 |
| 2002 | $161,344 | +5.9% | $144,276 |
| 2003 | $170,200 | +5.5% | $155,308 |
| 2004 | $185,681 | +9.1% | $169,891 |
| 2005 | $203,079 | +9.4% | $189,732 |
| 2006 | $214,644 | +5.7% | $206,531 |
| 2007 | $219,147 | +2.1% | $208,449 |
| 2008 | $214,815 | −2.0% | $195,574 |
| 2009 | $208,409 | −3.0% | $177,542 |
| 2010 | $206,678 | −0.8% | $171,462 |
| 2011 | $198,691 | −3.9% | $162,508 |
| 2012 | $194,478 | −2.1% | $161,137 |
| 2013 | $201,620 | +3.7% | $171,420 |
| 2014 | $210,900 | +4.6% | $182,996 |
| 2015 | $218,469 | +3.6% | $192,738 |
| 2016 | $234,951 | +7.5% | $204,509 |
| 2017 | $249,910 | +6.4% | $216,767 |
| 2018 | $265,031 | +6.1% | $230,541 |
| 2019 | $275,810 | +4.1% | $242,088 |
| 2020 | $292,131 | +5.9% | $257,151 |
| 2021 | $324,891 | +11.2% | $295,959 |
| 2022 | $356,214 | +9.6% | $340,014 |
| 2023 | $377,641 | +6.0% | $348,160 |
| 2024 | $400,835 | +6.1% | $359,751 |
| 2025 | $414,042 | +3.3% | $362,959 |
| September 2026 | $424,543 | +2.5% | $366,157 |
Current value of Madison homes bought in any year
The estimate comes from an index for a typical home and is not an appraisal.
Each year's figure averages its twelve monthly index values; the current value comes from September 2026. Other resources: home appreciation calculator.
Are you considering a sale? Compare local agents listed on Realtor.com. Advertising disclosure: links like this one may earn the site a payment, but they never affect any number. Disclosure.
Madison housing market forecast
For the Madison, WI metro, Zillow's forecast shows +3.6% over 12 months beginning September 2026. It also shows +1.5% for the three months ahead. With Madison's typical value at $424,543, the forecast would put it near $439,800 after a year.
This metro forecast repeats Zillow's central estimate, and the site does not publish a separate forecast. A 12-month forecast like this has typically differed from the realised change by several percentage points, either above or below it. Do not treat this as investment advice.
Find forecasts for every metro in one table: housing market forecast.
Madison housing market crash risk score
42/100, a higher-than-normal rating
Madison is ranked against 292 cities using five conditions that were high before previous price falls. Each input receives a score from 0 to 100 when compared with the other cities. The five scores then receive equal weight in an average. It describes current conditions; it does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −16.3% | 23 | 20% |
| How long homes take to sell vs 2019 | 0% | 41 | 20% |
| Price-to-rent ratio | 19.3 | 57 | 20% |
| Price-to-income ratio | 5.4 | 64 | 20% |
| 12-month price change | +2.5% | 24 | 20% |
Do not treat this as investment advice. The methodology explains how each input is scored. See the ranking of all 292 cities: crash risk by city.
Madison inventory and days on market
For September 2026 the Madison, WI metro listed 1,485 homes for sale. The total was +15.2% compared with a year earlier and −16.3% compared with September 2019. Listings had a median sale time of 56 days (0% against 2019), while 21.3% received a price cut.
| Madison, WI metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 1,485 | +15.2% |
| New listings | 658 | |
| Median days on market | 56 | +7.8% |
| Median list price | $469,465 | −0.1% |
| Share with a price cut | 21.3% |
Metro inventory data comes from Realtor.com® Economic Research. Realtor.com data. All metros are covered: days on market by city.
Living costs in Madison
The Zillow Observed Rent Index puts Madison's typical asking rent at $1,837 each month, +1.8% over one year. That rent would cover the cost of the typical home over 19.3 years Based on Census ACS 2024, median household income is $79,254, and a typical home costs 5.4 times a year's income. According to BEA, metro prices stand at 97.3 compared with a US average of 100, while housing costs are 99.7.
Rent and prices, with the salary needed for the move: Madison cost of living.
More housing markets in Wisconsin
Statewide information: Wisconsin housing market.
How to read the chart
Each point represents the Zillow Home Value Index for Madison: the smoothed and seasonally adjusted value of a typical home in the market's middle third, expressed in that month's dollars. The hollow circle identifies the selected month on the slider, while the terracotta circle identifies the latest month. Inflation adjustments are not included in these figures. The index tracks a typical home rather than one property, so use the card above or the home appreciation calculator to calculate an individual home's value from its sale price.