Madison, WI Federal Housing Finance Agency Home Price Index (FHFA HPI)

According to the Federal Housing Finance Agency house price index, home equity and home prices in Madison, WI have increased significantly over the past few years. In fact, as of September 2017, the median home value in Madison was $254,000- an increase of nearly 8% from just one year prior.

There are a number of factors that have contributed to this increase in home values. First and foremost, the economy in Madison (and across the country) has been steadily improving since the Great Recession. This has led to more people having confidence in their ability to buy a home and has also resulted in more people moving to the area (which further drives up demand and prices). Additionally, interest rates remain at historically low levels, making it an ideal time to buy a home.

Of course, as prices continue to rise, it becomes more difficult for potential buyers to afford a home- especially first-time buyers or those with limited budgets. However, there are still plenty of homes available on the market in Madison and many sellers are willing to negotiate on price. So if you're thinking about buying a home in Madison (or anywhere else), now is a great time!