53718, Madison, WI

Home Equity and Home Prices in the 53718 Zip Code of Madison, WI

There is no one answer to the question of how much home equity homeowners in the 53718 zip code of Madison, WI have. However, a variety of factors can influence a home's value, including location, size and condition. Additionally, market conditions - such as interest rates and inflation - can also affect a home's worth.

According to Zillow®, as of March 2019, the median home value in the 53718 zip code was $269,900. This figure varied significantly based on location: The median home value in neighborhoods near the city center was significantly higher than values found in more suburban areas. In general though, prices tended to be higher closer to Madison's downtown area.

Interestingly enough though, while median home values are important indicators of market health and trends, they do not tell the full story. For example, while many homeowners may feel that their homes are worth more than their current mortgage payments indicate (due to strong appreciation over time), some borrowers may find themselves underwater if interest rates rise or their mortgage term expires before they reach full repayment capacity. In other words: Median values are just one piece of the puzzle when it comes to understanding a neighborhood's housing market dynamics.