The story of this market
The typical home in ZIP 53703 sells for about $495,000, or $435 per square foot.
Prices are down 26.1% from a year ago, which gives buyers more room to negotiate. Homes take about 53 days to sell. HUD's fair market rent for a two-bedroom is $1,488 a month.
ZIP 53703 — Madison
The downtown Madison market is experiencing a significant correction with median prices down 26.1% year-over-year, reflecting a shift from previous high-growth periods. While the broader Madison market remains seller-leaning, the downtown core is seeing longer days on market and price volatility, likely driven by inventory adjustments and shifting buyer demand.
This area is ideal for students, young professionals, and urban-dwelling commuters who prioritize walkability and access to downtown amenities over suburban space.
Median prices moved down 26.1% year over year.
Homes spend a median of 53 days on market with 1.5 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 100.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.9% · poverty 39.6% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 53703, Dane County WI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area serves as the central hub for Madison, housing major government offices including the Mayor's Office and Municipal Court, with significant economic activity driven by state and local government sectors.
Property taxes are assessed at the county level in Dane County; specific rates vary by municipality and school district levies.
The ZIP code is centrally located in downtown Madison, offering high walkability and proximity to major employment centers, with a mean commute time of approximately 20 minutes.
The area features extensive access to the Isthmus, including proximity to Lake Mendota and Lake Monona, numerous public parks, and the vibrant shopping and dining districts of State Street and the Capitol Square.
The rental market is characterized by high demand due to the proximity to the University of Wisconsin-Madison and downtown employment, resulting in a significant renter population.
The economy is anchored by state government, the University of Wisconsin-Madison, and a growing tech and healthcare sector in the surrounding Madison metro area.
The area is served by a robust network of city bus routes and is highly accessible via major highway corridors connecting to the broader Madison region.
Parcels are subject to Madison Metropolitan School District levies and various municipal special assessments.
Data retrieved from Census Reporter and ZCTA-level ACS tables.
- Little Amerricka Amusement Park4.616.8 mi
- Prairie Athletic Club4.510.7 mi
- Urban Air Trampoline and Adventure Park4.27.1 mi
- Spare Time Madison4.47.2 mi
- Dave & Buster's Madison3.97 mi
- Camp Randall Stadium4.72.2 mi
- Alliant Energy Center4.42.7 mi
- Olbrich Botanical Gardens4.82 mi
- Kohl Center4.71.6 mi
- Monona Terrace Community and Convention Center4.60.9 mi
- Henry Vilas Zoo4.72.5 mi
- Wisconsin State Capitol4.80.8 mi
- Olbrich Botanical Gardens4.82 mi
- AMC Fitchburg 1846.7 mi
- Marcus Point Cinema4.57.6 mi
- Wisconsin State Capitol4.80.8 mi
- Overture Center for the Arts4.81 mi
- Garver Feed Mill4.62.1 mi
- Madison Children's Museum4.70.7 mi
- Chazen Museum of Art4.81.5 mi
- Olbrich Botanical Gardens4.82 mi
- James Madison Park4.60.5 mi
- Warner Park4.63.1 mi
- University of Wisconsin–Madison Arboretum4.93.8 mi
- Lake Kegonsa State Park4.410 mi
- Wingra Boats4.93.4 mi
- SkipperBud's45.1 mi
- Capitol Boat Club4.84.9 mi
- Vitense Golfland4.45.8 mi
- PinSocial Deforest410 mi
- The Oaks Golf Course4.610.3 mi
- University Ridge Golf Course4.79.6 mi
- Pleasant View Golf Course4.68.6 mi
- West Towne Mall47 mi
- East Towne Mall3.84.4 mi
- Hilldale Shopping Center4.44.1 mi
- Global Market and Food Hall4.64.8 mi
- T.J. Maxx4.35.7 mi
- Dane County Regional Airport4.54.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major pedestrian-friendly thoroughfare connecting the Capitol Square to the University of Wisconsin campus.
A large lake bordering the downtown area providing extensive recreational opportunities.
A prominent lake located on the southern side of the downtown isthmus.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.