Greenbush, Madison, WI—53715
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Greenbush, Madison, WI
As of Oct '25, the median home price in Greenbush, Madison, WI is $486,000, with a year-over-year change of 1.3%. This indicates that home prices in Greenbush, Madison, WI are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $486,000 | 1.3% |
| Single Family | $492,000 | 1.2% |
| Condos | $367,000 | 4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $405,000 | 1.2% |
3 Bed | $481,000 | 0.6% |
4 Bed | $556,000 | 1.5% |
| 5 Bed | $602,000 | 2.6% |
% of Housing Stock
Rental Trends — Greenbush, Madison, WI
As of July '25, Rentcast reports the average rent in Greenbush, Madison, WI is $1,880, with a year-over-year rent change of 24.5%. Per bedroom, the median rent as of July '25 in Greenbush, Madison, WI is studios: $1,500, 1-bedrooms: $1,310, 2-bedrooms: $1,930, 3-bedrooms: $2,450, 4-bedrooms: $3,030. The most common rental property sizes in Greenbush, Madison, WI are 2-bedroom and 1-bedroom, accounting for 28.7% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,880 |
| Studio Rent | $1,480 | $1,500 |
| 1 Bed Rent | $1,260 | $1,310 |
| 2 Bed Rent | $1,800 | $1,930 |
| 3 Bed Rent | $2,070 | $2,450 |
| 4 Bed Rent | $2,780 | $3,030 |
% of Rental Stock
Property Listings — Greenbush, Madison, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Greenbush, Madison, WI is 66. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $408,000 | -4.0% |
Listing Count | 5 | -37.0% |
| Listings as % of Homes | 0.0% | -37.0% |
Days on Market | 66 | 0.0% |
Demographics — Greenbush, Madison, WI
As of the latest ACS Survey released in 2023, Greenbush, Madison, WI has a population of 15,500, which has increased by 8.9% over the past 5 years. Greenbush, Madison, WI is a less popular place for families, as children make up 4.5% of the population. The area has a highly educated workforce, with 66.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,500 | 8.9% |
% Under 18 | 4.5% | -2.2% |
% Seniors | 5.3% | 23.3% |
% WFH | 16.0% | 263.6% |
% w/ College Degree | 66.3% | 17.8% |
As of the latest ACS Survey released in 2023, Greenbush, Madison, WI is a predominantly white area, with 77.5% of the population identifying as white. The white population has grown by 4.6% in the last 5 years. The second most common race or ethnicity in Greenbush, Madison, WI is asian, making up 11.5% of the population. Foreign-born residents account for 8.3% of the population in Greenbush, Madison, WI, and this percentage has decreased by 27.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.5% | 4.6% |
% Black | 3.0% | -18.9% |
% Hispanic | 5.2% | -25.7% |
% Asian | 11.5% | -11.5% |
% Foreign Born | 8.3% | -27.2% |
Mortgage and Risk — Greenbush, Madison, WI
According to HUD data as of 2023, there were 109 mortgage originations in Greenbush, Madison, WI, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 43.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Greenbush, Madison, WI. Investor activity is low, as 7.0% 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 | 109 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 7.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Greenbush, Madison, WI
As of 2024, the percent of homes in Greenbush, Madison, WI under the Section 8 program is 7.3%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Greenbush, Madison, WI, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 701 |
Total Units Section 8 | 315 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $1,260 | $1,600 |
| 2 Bedroom | $40 | $1,800 | $1,840 |
| 3 Bedroom | $350 | $2,070 | $2,420 |
| 4 Bedroom | -$80 | $2,780 | $2,700 |
Affordability — Greenbush, Madison, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.2 |
| Median Home Price | $486,000 |
| Median Household Income | $37,600 |