53704, Madison, WI

The 53704 zip code of Madison, WI has a median home value of $194,900. This is higher than the Wisconsin state median home value of $147,600 and the national median home value of $177,200. The majority (84%) of homes in this zip code are owner-occupied while 16% are rented. Home values have increased by 5% since 2013 and by 12% since 2007.

There are a number of factors that may contribute to the high home values in this zip code. First, Madison is a highly desirable city with a thriving economy and plenty of job opportunities. Second, Madison is one of the most densely populated areas in Wisconsin and there is limited land available for development which drives up prices. Finally, Madison residents have been able to leverage their home equity to purchase additional property which also contributes to high home values.