Madison, WI home prices
Typical home $445,747 · +3.1% in a year · income needed $138,200
The Madison, WI metro area ranks 105 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.1% in a year and +28.8% over five years. With 20% down at 7.11%, the typical home costs about $3,226 a month including 1.63% property tax (Dane County rate).
Mortgage on the typical Madison home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $89,149 | $356,598 | $2,399 | $0 | $827 | $3,226 | $138,200 |
| 10% down | $44,575 | $401,173 | $2,699 | $167 | $827 | $3,693 | $158,300 |
| 5% down | $22,287 | $423,460 | $2,849 | $176 | $827 | $3,852 | $165,100 |
| 3.5% down (FHA) | $15,601 | $437,674 | $2,944 | $197 | $827 | $3,968 | $170,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.63% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Madison area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Dane County, WI | $467,783 | +2.8% | 1.63% |
| Columbia County, WI | $356,976 | +4.6% | 1.36% |
| Green County, WI | $330,219 | +6.0% | 1.6% |
| Iowa County, WI | $343,526 | +7.2% | 1.52% |
What can you afford in Wisconsin on your salary? · Wisconsin home prices · Salaries in Wisconsin
Frequently asked questions
How much is a house in Madison?
The typical home in the Madison, WI metro area is worth $445,747 (Zillow, September 2026).
What salary do you need to buy a house in Madison?
About $138,200 a year for the typical home with 20% down at 7.11%.