Madison-Janesville-Beloit, WI

There is no doubt that the real estate market in the Madison-Janesville-Beloit, WI CSA has been on a roller coaster ride over the past few years. After reaching record highs in 2006 and 2007, prices came crashing down during the Great Recession, bottoming out in 2011. Since then, prices have been slowly but steadily climbing back up, although they are still well below their pre-recession peaks.

One of the most notable trends in the Madison real estate market lately has been the strong demand for rental properties. This is likely due to a combination of factors, including young adults who are delaying homeownership, families who have lost their homes to foreclosure, and people who are simply tired of dealing with the hassles and expenses of owning a home. Whatever the reasons, there is no doubt that rentals are in high demand right now.

Investors have taken notice of this trend and are snapping up properties to convert into rental units. This is driving up prices for both buyers and renters alike, as there is simply not enough supply to meet demand. If you're thinking about entering the Madison rental market, now is definitely the time to do it!