Home prices
The median home value in Madison is $246,300. This is about $121,600 (33%) lower in comparison to other places in this area.It is about $28,800 (13%) higher compared to the country as a whole, and it is roughly $124,200 (101%) higher in comparison to the city of Milwaukee.
Rents
In Madison the median monthly rent is $1,118. This is approximately $50 (4%) lower in comparison to nearby areas.Compared to the country as a whole it is about $56 (5%) higher, and in comparison to the city of Milwaukee it is roughly $260 (30%) higher.
Nearby places
Shorewood Hills
Shorewood Hills is Madison's neighbor to the west. The housing prices there are substantially more expensive. The median home price in Shorewood Hills is $665,300, which is $419,000 (62%) higher than Madison. Its rents are significantly more expensive. In Shorewood Hills the median rent is $1,709 per month, which works out to $591 (34%) higher than Madison.
Monona
Monona is Madison's neighbor to the southeast. The housing prices there are a bit more expensive. Monona's median home cost is $272,200, which comes out to $25,900 (9%) higher than Madison. Its rents are a little less expensive. Monona's median rent is $935 a month, which is $183 (19%) lower than Madison.
Middleton
Middleton is Madison's neighbor to the west. Housing prices there are a little more expensive. Middleton's median home value is $336,900, which is $90,600 (26%) higher than Madison. Rents there are pretty similar. The median rent in Middleton is $1,081 a month, which is $37 (3%) lower than Madison.
McFarland
McFarland is Madison's neighbor to the southeast. Housing prices there are fairly similar. The median home value in McFarland is $249,200, which works out to $2,900 (1%) higher than Madison. Its rents are a little less expensive. McFarland's median rent is $1,061 per month, which is $57 (5%) lower than Madison.
Fitchburg
Fitchburg is Madison's neighbor to the south. Its housing prices are a bit more expensive. The price of the median home in Fitchburg is $315,900, which works out to $69,600 (22%) higher than Madison. The rent there is a little less expensive. The median monthly rent in Fitchburg is $1,054, which comes out to $64 (6%) lower than Madison.
