Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Madison, WI

Housing in Madison, WI: Rent, Home Prices & Property Tax

$1,330/mo (1 bd) in Madison. Median home $344,600. Property tax 1.60%.

Compare vs Chicago Rank metros from MadisonHow we figure this

Rent (1 bd): $1,330; /mo
Buy: $2,518; Mortgage, tax, insurance
Buying costs more: $1,188; /mo

State tax and rent

To buy

20% down payment$68,920
Mortgage at 6.5%$1,742
Property tax (1.60% of value)$459/mo · $5,514/yr
Insurance and upkeep$316
Monthly total$2,518

42.8% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$2,631 left each month. About 27 months (2.3 years) to save $68,920.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

Moving from Madison

Madison → Milwaukee · $13 less

Compare Madison