The story of this market
The typical home in ZIP 53705 sells for about $606,200, or $278 per square foot.
Prices are up +7.8% from a year ago, so sellers still have some momentum. Homes take about 41 days to sell. HUD's fair market rent for a two-bedroom is $1,352 a month.
ZIP 53705 — Madison
The 53705 housing market remains a high-demand area driven by its proximity to the university and medical centers, resulting in a median price of $606,200. While inventory is tight, the market shows stability with a 7.8% year-over-year price increase. Buyers face a competitive environment, though the pace of appreciation has moderated compared to previous years.
This ZIP is ideal for university-affiliated professionals, faculty, and families seeking proximity to the city's academic and medical core, though it presents challenges for investors due to high entry prices.
Median prices moved up 7.8% year over year.
Homes spend a median of 41 days on market with 3.2 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.0% · poverty 10.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 53705, Madison 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 is served by the Madison Metropolitan School District, which generally maintains a strong reputation for academic programming and diverse student support services.
The area faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather, with flood risk primarily concentrated near local waterways.
Economic momentum is anchored by the University of Wisconsin-Madison and the associated healthcare and research sectors, driving consistent demand for housing near the campus and medical centers.
Property taxes are levied by Dane County, the City of Madison, and the Madison Metropolitan School District, with rates determined by annual millage adjustments and local assessment cycles.
Residents benefit from proximity to the University of Wisconsin-Madison campus and downtown employment hubs, with high walkability and robust public transit connectivity via Madison Metro.
The ZIP features extensive access to Lake Mendota, numerous public parks including Hoyt Park, and proximity to the vibrant shopping and dining districts along University Avenue and Monroe Street.
The rental market is characterized by high demand and low vacancy pressure due to the large student and faculty population, with rents trending upward.
The economy is heavily driven by the University of Wisconsin-Madison, UW Health, and a growing cluster of biotechnology and software companies.
The area is well-served by Madison Metro Transit and major arterial roads like University Avenue, facilitating efficient access to downtown and the beltline.
Ongoing urban infill projects and mixed-use developments are focused along the University Avenue corridor to increase density.
Parcels are subject to Madison Metropolitan School District taxes and various municipal utility districts for water and sewer services.
Property insurance premiums are stable but reflect regional risks associated with severe weather events common in the Upper Midwest.
Data retrieved from data.census.gov ZCTA-level tables.
- Prairie Athletic Club4.514.6 mi
- Urban Air Trampoline and Adventure Park4.22.7 mi
- Spare Time Madison4.42.7 mi
- Dave & Buster's Madison3.92.6 mi
- Thrill Factory Entertainment4.58.7 mi
- Camp Randall Stadium4.72.4 mi
- Alliant Energy Center4.44.5 mi
- Olbrich Botanical Gardens4.86.5 mi
- Cave of the Mounds4.718.3 mi
- Kohl Center4.73.2 mi
- Henry Vilas Zoo4.72.6 mi
- Wisconsin State Capitol4.83.8 mi
- Olbrich Botanical Gardens4.86.5 mi
- AMC Fitchburg 1844 mi
- Marcus Point Cinema4.53.1 mi
- Wisconsin State Capitol4.83.8 mi
- Overture Center for the Arts4.83.6 mi
- Garver Feed Mill4.66.5 mi
- Madison Children's Museum4.73.8 mi
- Chazen Museum of Art4.83.1 mi
- Olbrich Botanical Gardens4.86.5 mi
- James Madison Park4.64 mi
- Warner Park4.66 mi
- University of Wisconsin–Madison Arboretum4.92.7 mi
- Tenney Park4.74.9 mi
- Wingra Boats4.92 mi
- SkipperBud's46.2 mi
- Capitol Boat Club4.86 mi
- Vitense Golfland4.41.9 mi
- PinSocial Deforest411.8 mi
- University Ridge Golf Course4.75.4 mi
- Pleasant View Golf Course4.64.3 mi
- Door Creek Golf Course4.411.6 mi
- West Towne Mall42.5 mi
- East Towne Mall3.88.6 mi
- Hilldale Shopping Center4.40.4 mi
- Global Market and Food Hall4.68.9 mi
- T.J. Maxx4.31.6 mi
- Dane County Regional Airport4.57.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large, wooded park offering hiking trails and scenic views of the city.
Provides extensive recreational opportunities including boating, fishing, and shoreline access.
A major open-air shopping and dining destination serving the west side of Madison.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.