Madison, MN

Madison is a city located in Dane County, Wisconsin, United States. As of the 2010 census, the population was 58,834. Madison is the capital of the state of Wisconsin and the largest city in Wisconsin. The city is located on both banks of the Madison River and is part of the Madison Metropolitan Statistical Area.

Madison was founded on June 1, 1836 by John C. Calhoun and James W. Blackstone as a port town on Lake Mendota to compete with Portage, two miles upriver on the Wisconsin River. The founders named it for James Madison, fourth President of the United States (1809-1817). The first buildings were constructed near where State Street crosses from Monroe Street (now called Capitol Square) to Main Street (now called State Street). In 1839 Madison became county seat of Dane County when its population reached 4500.

The early economy was based upon agriculture and lumber; however, with increased railroads coming into operation in Wisconsin after 1850, Madison began to develop as an industrial center as well. Manufacturing became dominant by 1900 with food processing and other related industries following later. Today there are many companies based in Madison including Abbott Laboratories (pharmaceuticals), Kimberly-Clark Corporation (paper products), MillerCoors Brewing Company (brewing), Johnson Controls Incorporated (automotive components), and Medtronic plc (medical devices). There are also many research institutions in Madison including University of Wisconsin– Madison Medical School and University Research Park .

Real estate has always been an important part of Madison's economy; however, until recently it has not been as significant as other sectors such as manufacturing or services . This has begun to change in recent years due to several factors including increasing demand for housing due to rising incomes and a shortage of available space , increased interest rates that have made buying homes more expensive , changes in federal tax laws that have made investing in real estate more profitable , and improvements made to infrastructure such as roads , water systems , schools , etc .

In 2016 there were 2,527 residential units sold within city limits representing a 6% increase over 2015 levels . Additionally there were 1,716 commercial properties sold representing a 12% increase over 2015 levels . This indicates that there is strong demand for housing within the city limits despite increases in prices .

One reason why prices have increased so much is because new development has been slow to come online compared to previous years ; this can be attributed to several factors including stricter zoning regulations that make it difficult for developers to build new homes or businesses near existing ones , concerns about traffic congestion caused by new development , limited availability of land due to conservation efforts by local governments , etc . However, even though new development has been slow to come online prices continue to rise because there are not enough homes available for sale at lower prices .

The median price paid for a home within city limits was $269 thousand dollars in 2016 which represents an 8% increase over 2015 levels ; this indicates that although some buyers are able or willing pay higher prices than others there is still strong demand for housing within Madison boundaries .

In addition rental properties accounted for 5% ($4 million)of all sales within city limits during 2016 which shows that investors are also interested in purchasing property here ; this indicates that despite high prices some people still see potential value in buying or renting property within Madison boundaries .