Median home price in Madison: $365,000. Property tax rate: 1.96%. Get mortgage estimates, affordability analysis, and local market insights.
Population
269,840
Median Home Price
$365,000
Property Tax Rate
1.96%
Median Income
$72,420
Cost of Living
108/ 100
The median home price in Madison, WI is $365,000. Prices vary considerably by neighborhood, with some areas commanding premiums well above the median. Comparing the median price to the local median household income of $72,420 gives you a price-to-income ratio that helps gauge overall affordability.
Homeowners in Madison pay an effective property tax rate of 1.96%. On a home priced at $365,000, that translates to thousands of dollars per year. Factor in homeowners insurance, potential HOA fees, and maintenance costs when budgeting for your purchase.
With the median home price at $365,000, most buyers in Madison will need a mortgage. A 20% down payment would be significant in this market. Get pre-approved early and compare rates from multiple lenders. Our mortgage calculator can help you estimate monthly payments based on current rates.
Madison offers a range of neighborhoods from urban cores to suburban enclaves. The overall cost of living index of 108 reflects the average, but specific neighborhoods can differ widely. Research school ratings, commute times, and future development plans before choosing where to buy.
Use our free calculator with Madison-specific data already filled in.
Open Madison CalculatorPlanning a move to Madison? Cost of living index: 108/100. Median home: $365,000. Median income: $72,420. Get the full relocation breakdown.
Madison cost of living index: 108/100 (100 = national avg). Median home $365,000, median income $72,420. See housing, groceries & more.
Median household income in Madison: $72,420. Cost of living index: 108/100. See how far your salary really goes and compare local job market data.
Property tax rate in Madison: 1.96%. Median home price: $365,000. Calculate your annual bill, compare to state averages, and find exemptions.
Should you rent in Madison? Cost of living index: 108/100. Median income: $72,420. See how much rent you can afford and where to look.
What does commuting cost in Madison? Population: 269,840. Median income: $72,420. Compare transit, driving, and biking options with real local data.
Median home in Madison: $365,000. Tax rate: 1.96%. Compare Madison neighborhoods by price, schools, and lifestyle to find the right fit.