Capitol, Madison, WI—53703
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Capitol, Madison, WI
As of Oct '25, the median home price in Capitol, Madison, WI is $424,000, with a year-over-year change of -3.6%. This indicates that home prices in Capitol, Madison, WI are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $424,000 | -3.6% |
| Single Family | $560,000 | 1.3% |
| Condos | $333,000 | -3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $357,000 | 4.7% |
2 Bed | $521,000 | 4.2% |
3 Bed | $571,000 | 4.8% |
4 Bed | $633,000 | 3.6% |
| 5 Bed | $784,000 | 2.5% |
% of Housing Stock
Rental Trends — Capitol, Madison, WI
As of July '25, Rentcast reports the average rent in Capitol, Madison, WI is $2,080, with a year-over-year rent change of 34.2%. Per bedroom, the median rent as of July '25 in Capitol, Madison, WI is studios: $1,420, 1-bedrooms: $1,850, 2-bedrooms: $2,730, 3-bedrooms: $2,270, 4-bedrooms: $2,840. The most common rental property sizes in Capitol, Madison, WI are 1-bedroom and 2-bedroom, accounting for 34.8% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,080 |
| Studio Rent | $1,480 | $1,420 |
| 1 Bed Rent | $1,900 | $1,850 |
| 2 Bed Rent | $3,180 | $2,730 |
| 3 Bed Rent | $2,100 | $2,270 |
| 4 Bed Rent | $2,800 | $2,840 |
% of Rental Stock
Property Listings — Capitol, Madison, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Capitol, Madison, WI is 57. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $386,000 | -31.0% |
Listing Count | 39 | 5.0% |
| Listings as % of Homes | 0.1% | 5.0% |
Days on Market | 57 | -6.0% |
Demographics — Capitol, Madison, WI
As of the latest ACS Survey released in 2023, Capitol, Madison, WI has a population of 37,500, which has increased by 12.0% over the past 5 years. Capitol, Madison, WI is a less popular place for families, as children make up 2.6% of the population. The area has a highly educated workforce, with 69.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,500 | 12.0% |
% Under 18 | 2.6% | -3.7% |
% Seniors | 6.3% | 34.0% |
% WFH | 16.2% | 326.3% |
% w/ College Degree | 69.4% | -1.8% |
As of the latest ACS Survey released in 2023, Capitol, Madison, WI is a predominantly white area, with 79.1% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Capitol, Madison, WI is asian, making up 8.5% of the population. Foreign-born residents account for 8.8% of the population in Capitol, Madison, WI, and this percentage has increased by 3.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.1% | -5.2% |
% Black | 3.6% | 20.0% |
% Hispanic | 5.2% | 13.0% |
% Asian | 8.5% | 26.9% |
% Foreign Born | 8.8% | 3.5% |
Mortgage and Risk — Capitol, Madison, WI
According to HUD data as of 2023, there were 247 mortgage originations in Capitol, Madison, WI, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Capitol, Madison, WI. Investor activity is low, as 9.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 247 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 9.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Capitol, Madison, WI
As of 2024, the percent of homes in Capitol, Madison, WI under the Section 8 program is 2.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Capitol, Madison, WI, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 438 |
Total Units Section 8 | 386 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 88.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$370 | $1,900 | $1,530 |
| 2 Bedroom | -$1,420 | $3,180 | $1,760 |
| 3 Bedroom | $210 | $2,100 | $2,310 |
| 4 Bedroom | -$220 | $2,800 | $2,580 |
Affordability — Capitol, Madison, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.2 |
| Median Home Price | $424,000 |
| Median Household Income | $46,600 |