How Long to Save for a Home in Madison, WI
Median home price, average rent, and a personalized savings timeline for Madison, updated 2026-Q1.
Median Home Price
$420,000
Average Rent
$1,650/mo
Median Income
$78,000/yr
5yr Price Growth
+25%
Calculate for Madison
Monthly investment
$500Down payment
Down Payment Scenarios in Madison
| Scenario | Down Payment | With Bricks | Savings Acct |
|---|---|---|---|
| 3.5% FHA | $14,700 | 2.3 years | 2.5 years |
| 10% Down | $42,000 | 5.6 years | 6.9 years |
| 20% Down | $84,000 | 9.5 years | 13.7 years |
Save for a home in Madison faster
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Buying a Home in Madison, Wisconsin
Madison is one of the Midwest's growing metro areas with a population of 291,000. The median home price of $420,000 is near the national average.
With average rent at $1,650/month, a renter in Madison investing $500/month into diversified REITs could accumulate a 20% down payment of $84,000 in approximately 9.5 years. The same monthly contribution in a traditional savings account would take about 13.7 years.
Home prices in Madison have grown 25% over the past five years, roughly in line with national trends. For renters, this means the down payment target continues to move, making it even more important to invest rather than just save, so your money grows alongside home prices.