The story of this market
The typical home in ZIP 53716 sells for about $445,000, or $232 per square foot.
Prices are up +2.3% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,336 a month.
ZIP 53716 — Madison
The 53716 housing market is currently balanced, characterized by low inventory and steady price appreciation. Buyers and sellers are operating in a competitive environment, though the pace of sales remains measured. The market is supported by strong local employment and consistent demand for housing in the Madison area.
This ZIP is well-suited for family buyers and professionals seeking a balance between suburban living and proximity to Madison's urban amenities.
Median prices moved up 2.3% year over year.
Homes spend a median of 28 days on market with 2.5 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 102% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 8.6% — 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 6.2%/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 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 53716, 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.
Crime in the area is generally considered low to moderate, consistent with suburban Madison neighborhoods, though specific trends are not determinable.
Schools serving the area are part of the Madison Metropolitan School District, which maintains a diverse range of academic performance ratings across its facilities.
The area faces standard Midwestern climate risks, including potential for heavy rainfall and localized flooding near water bodies, with insurance premiums reflecting regional weather patterns.
Economic momentum is driven by proximity to Madison's major employers in healthcare, education, and government, with steady infill development and residential demand.
Property taxes are assessed at the municipal level by the City of Madison and the City of Monona, with rates determined by local school district and county levies.
Residents benefit from direct access to the Madison employment core via major arterial roads and public transit corridors, typically resulting in a moderate commute time.
The area features significant access to Lake Monona and Lake Waubesa, numerous community parks, and proximity to local shopping and dining districts.
The rental market is characterized by steady demand and low vacancy pressure, with a mix of single-family rentals and multi-family units.
The economy is anchored by the University of Wisconsin-Madison, state government, and major healthcare systems like UW Health.
The area is served by Madison Metro Transit and is well-connected to the regional highway network.
Development is primarily focused on residential infill and the maintenance of existing infrastructure.
The Dane County Assessor's office conducts annual assessments based on market value, with a focus on maintaining equitable tax distribution across the county.
Parcels are subject to Madison Metropolitan School District and Dane County tax levies.
Property insurance remains stable, though premiums are influenced by regional weather-related risk assessments.
Wisconsin continues to see modest net domestic migration, with the Madison area serving as a primary destination for internal state growth.
Wisconsin is a judicial foreclosure state, requiring court intervention for the foreclosure process, which typically provides a longer timeline for homeowners.
Sellers are required to provide a comprehensive Real Estate Condition Report disclosing known defects in the property.
Data retrieved from Census Reporter and ZCTA-level ACS tables.
- Little Amerricka Amusement Park4.615 mi
- Prairie Athletic Club4.510 mi
- Urban Air Trampoline and Adventure Park4.29.2 mi
- Spare Time Madison4.49.3 mi
- Dave & Buster's Madison3.99.1 mi
- Camp Randall Stadium4.74.3 mi
- Alliant Energy Center4.43.2 mi
- Olbrich Botanical Gardens4.81.5 mi
- Kohl Center4.73.5 mi
- Monona Terrace Community and Convention Center4.62.7 mi
- Henry Vilas Zoo4.74.2 mi
- Wisconsin State Capitol4.82.9 mi
- Olbrich Botanical Gardens4.81.5 mi
- AMC Fitchburg 1848 mi
- Marcus Point Cinema4.59.7 mi
- Wisconsin State Capitol4.82.9 mi
- Overture Center for the Arts4.83.1 mi
- Garver Feed Mill4.61.7 mi
- Madison Children's Museum4.72.9 mi
- Chazen Museum of Art4.83.6 mi
- Olbrich Botanical Gardens4.81.5 mi
- James Madison Park4.62.9 mi
- Warner Park4.64.5 mi
- University of Wisconsin–Madison Arboretum4.95.3 mi
- Lake Kegonsa State Park4.47.9 mi
- Wingra Boats4.95.1 mi
- SkipperBud's46.9 mi
- Capitol Boat Club4.86.7 mi
- Vitense Golfland4.47.6 mi
- PinSocial Deforest411 mi
- The Oaks Golf Course4.68.4 mi
- University Ridge Golf Course4.711.5 mi
- Pleasant View Golf Course4.610.9 mi
- West Towne Mall49.1 mi
- East Towne Mall3.83.9 mi
- Hilldale Shopping Center4.46.3 mi
- Global Market and Food Hall4.64.2 mi
- T.J. Maxx4.37.6 mi
- Dane County Regional Airport4.54.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive recreational opportunities including boating and fishing.
Features botanical gardens and lakefront access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.