Latest "Housing Snapshot Report" Published

Madison's Department of Planning, Community Development and Economic Development (DPCED) published an updated "Housing Snapshot Report" on February 9.

Image credit: City of Madison Planning Division

The 2025 Housing Snapshot is put together by staff across several divisions within the Department of Planning & Community & Economic Development and updates data that was last tracked in the 2023 Housing Snapshot while also adding some new metrics and data visualizations to help paint a clearer picture of where Madison's housing market stands at this point in time. Some of the topline insights include:

• 53% of Madisonians currently rent their homes, while 47% own their homes
• The most recent numbers we have show Madison's stabilized rental vacancy rate has improved to 4.8%, getting closer to a healthy vacancy rate (with an adequate balance of supply and demand) of 5-7%
• The owner-occupied vacancy rate remains very low at 0.6%, which is below the national average of 1.1%
• Costs of land and construction in Madison are growing faster than the rate of inflation, which is continuing to pull housing costs higher
• Homeownership costs are rising faster than people's incomes, making it even more difficult for people to become first-time homebuyers
• Household income data shows those with incomes at or above the Area Median Income have much more housing choice and those with incomes below the Area Median Income have much less housing choice than they did a decade ago

The full report dives deeper into those key takeaways and analyzes a number of other key affordability metrics. 

Copies of the report are available for Download or Web Viewing.