The story of this market
The typical home in ZIP 53704 sells for about $350,000, or $235 per square foot.
Prices are up +2.3% from a year ago, so sellers still have some momentum. Homes take about 13 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,267 a month.
ZIP 53704 — Madison
The 53704 housing market remains competitive with low inventory and steady demand, particularly for entry-level and mid-range homes. While price growth has moderated compared to previous years, the market continues to favor sellers due to limited supply and strong regional economic fundamentals.
This ZIP is ideal for young professionals, first-time homebuyers, and renters seeking proximity to downtown Madison without the premium price tag of the central isthmus.
Median prices moved up 2.3% year over year.
Homes spend a median of 13 days on market with 3.6 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 13.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 53704, Dane County WI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime trends in Madison are generally consistent with regional urban averages, with property crime being the primary concern in denser residential corridors. Safety perceptions remain stable relative to other mid-sized Midwestern cities.
Schools serving the 53704 area are part of the Madison Metropolitan School District, which offers a diverse range of educational programming and varying performance metrics across its neighborhood schools.
The area faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather, with localized flood risks near the Yahara River and surrounding lakefront areas.
Economic momentum is driven by the proximity to downtown Madison, the University of Wisconsin-Madison, and the expanding biotech and healthcare sectors in the region.
Property taxes are assessed at the municipal and county levels, with rates determined by the combined levies of the city, Dane County, and the Madison Metropolitan School District.
Residents benefit from direct access to major thoroughfares like Highway 30 and I-90/94, providing efficient transit to downtown Madison and the surrounding employment hubs.
The ZIP features extensive access to the Yahara River, Warner Park, and numerous community trails, with proximity to the East Towne shopping district.
The rental market is characterized by high demand and low vacancy rates, driven by the area's popularity with young professionals and proximity to the city center.
The economy is anchored by state government, the University of Wisconsin-Madison, and a growing cluster of healthcare and technology firms.
The area is served by Madison Metro Transit and is well-connected to the regional highway network.
Ongoing urban infill projects are focused on increasing housing density along major transit corridors.
The Dane County Assessor's office manages property valuations, typically reassessing properties to align with market values annually.
Parcels are subject to Madison Metropolitan School District taxes and various municipal utility districts.
Property insurance premiums are stable but reflect regional risks associated with severe weather events.
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Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Little Amerricka Amusement Park4.614.8 mi
- Prairie Athletic Club4.57.3 mi
- Urban Air Trampoline and Adventure Park4.210.1 mi
- Spare Time Madison4.49.9 mi
- Dave & Buster's Madison3.99.9 mi
- Camp Randall Stadium4.76 mi
- Alliant Energy Center4.47 mi
- Olbrich Botanical Gardens4.83.6 mi
- Kohl Center4.75.6 mi
- Monona Terrace Community and Convention Center4.65.2 mi
- Henry Vilas Zoo4.76.5 mi
- Wisconsin State Capitol4.85.1 mi
- Olbrich Botanical Gardens4.83.6 mi
- AMC Fitchburg 18410.7 mi
- Marcus Point Cinema4.510.4 mi
- Wisconsin State Capitol4.85.1 mi
- Overture Center for the Arts4.85.2 mi
- Garver Feed Mill4.63.5 mi
- Madison Children's Museum4.74.9 mi
- Chazen Museum of Art4.85.4 mi
- Olbrich Botanical Gardens4.83.6 mi
- James Madison Park4.64.6 mi
- Warner Park4.61.5 mi
- University of Wisconsin–Madison Arboretum4.97.9 mi
- Tenney Park4.73.7 mi
- Wingra Boats4.97.2 mi
- SkipperBud's42.8 mi
- Capitol Boat Club4.82.8 mi
- Vitense Golfland4.49.2 mi
- PinSocial Deforest45.9 mi
- The Oaks Golf Course4.69.3 mi
- University Ridge Golf Course4.712.8 mi
- Pleasant View Golf Course4.610.4 mi
- West Towne Mall49.8 mi
- East Towne Mall3.82.7 mi
- Hilldale Shopping Center4.47.1 mi
- Global Market and Food Hall4.62.8 mi
- T.J. Maxx4.39 mi
- Dane County Regional Airport4.50.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large community park featuring sports fields, a stadium, and lake access.
Provides recreational boating and scenic trail access.
Major regional retail hub serving the east side of Madison.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.