Mortgage Payment Calculator for Madison, WI
Updated 2026 · Local data pre-filled
The median home price in Madison, WI is $380,000, with an effective property tax rate of 1.80% — higher than the national average of 1.10%. We've pre-filled the calculator with local figures so your estimate reflects what buyers actually pay in Madison.
✓ Calculator below is pre-filled with Madison local data
How Madison Compares to the National Average
Understanding how Madison stacks up helps you calibrate your financial planning.
| Metric | Madison, WI | US Average | Difference |
|---|---|---|---|
| Median Home Price | $380,000 | $420,800 | -9.7% |
| Median Monthly Rent | $1,499 | $1,713 | -12.5% |
| Median Household Income | $74,200 | $74,580 | -0.5% |
| Property Tax Rate | 1.80% | 1.10% | +63.6% |
| Cost of Living Index | 102 | 100 | +2.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Madison Financial Snapshot
- Population (Metro)
- 680,000
- Unemployment
- 2.4%
- Avg Commute
- 22 min
- Median Age
- 31.6
- Price-to-Rent Ratio
- 21.1x
- Annual Property Tax
- $6,840
Mortgage Payment Calculator in Other Wisconsin Cities
Frequently Asked Questions — Madison
What is the median home price in Madison, WI?
The median home price in Madison is $380,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Madison?
Median monthly rent in Madison is $1,499. That works out to $17,988/year, or 24% of the median household income — within the commonly recommended 30% of income guideline.
Is Madison affordable?
Madison's cost of living index is 102 vs. the national average of 100. With a median household income of $74,200/year and a median home price of $380,000, the price-to-income ratio is 5.1x. Madison falls in the middle of the affordability spectrum for US cities.
What is the property tax rate in Madison?
The effective property tax rate in Madison is 1.80% of assessed value. On the median home of $380,000, that's roughly $6,840/year ($570/month).