53719, Madison, WI

The 53719 zip code of Madison, WI has a median home value of $269,000. This is significantly higher than the Wisconsin state median home value of $146,500. The 53719 zip code also has a high concentration of homes with values over $300,000. In fact, nearly one-third (30%) of all homes in this zip code have a value over $300,000.

One reason for the high concentration of homes with values over $300,000 may be the presence of prestigious universities in this area. Many students and their families are likely to invest in property near these institutions in order to gain access to better schools and more opportunities. Additionally, many high-income professionals may choose to live in this area due to its proximity to major employers and amenities such as shopping and dining.

Despite the high concentration of expensive homes, the 53719 zip code still has a relatively low unemployment rate (4%). This indicates that there is strong demand for housing among both residents and businesses in this area. In addition, many people who do not live in expensive homes may still choose to live here because it is an attractive location with plenty of amenities.