Home Affordability in 53701
Madison, WI — Dane County
The median home price in ZIP code 53701 (Madison) is $365,000 with a median household income of $62,000. The price-to-income ratio is 5.9x.
Median Home Price
$365,000
Median Income
$62,000
Price-to-Income
5.9x
Est. Affordable Home
$241,000
Property Tax Rate
1.85%
Annual Property Tax
$6,753
Cost of Living
105
Metro Area
Madison MSA
Down Payment Scenarios for ZIP 53701
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $10,950 | $354,050 | Yes |
| 5% | $18,250 | $346,750 | Yes |
| 10% | $36,500 | $328,500 | Yes |
| 20% | $73,000 | $292,000 | No |
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