How much is a home worth in ZIP code 53597?

The typical home in 53597 is worth $599,510, based on the Zillow Home Value Index.

Are home values rising in 53597?

Home values in 53597 are up 2.5% over the past year, and up 5.7% a year over five years.

What is the typical rent in 53597?

A typical home in 53597 rents for about $2,038 a month, a gross rental yield of 4.1%.

What is the property tax rate in 53597?

The effective property tax rate in 53597 is 1.5% — roughly $8,867 a year on a typical home.

ZIP code 53597 has a population of 21,426 and a median household income of $117,000.

HousingHandbookReference data

…

U.S. ZIP Code · WI53597

Dane County · Madison, WI

Typical home value

$599,510^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.5%
5-year / yr: +5.7%
10-year / yr: +5.6%

Relative price

vs U.S.: +111.0%
vs metro: +39.2%
vs state: +96.5%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 53597 is worth $599,510 — 39.2% above the Madison, WI median. Over the past year, values have risen 2.5%. Homes here rent for a typical $2,038 a month — a 4.1% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,038^[2]
Gross yield: 4.1%^[2]
Cap rate: 2.4%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.5%^[3]
Typical annual tax: $8,867^[3]

#Climate risk

FEMA National Risk Index ratings for Dane County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 21,426^[3]
Median household income: $117,000^[3]

#Migration

Household moves in and out of Dane County over a year, from IRS tax-return data.

Net migration: +1,189^[5]
Moved in: 16,646
Moved out: 15,457

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 3
Middle: 2
High: 1

Waunakee High
High · Grades 9–12 · Waunakee Community School District
1,346 students
Waunakee Middle
Middle · Grades 7–8 · Waunakee Community School District
681 students
Waunakee Intermediate
Middle · Grades 5–6 · Waunakee Community School District
620 students
Waunakee Heritage Elementary
Elementary · Grades PK–4 · Waunakee Community School District
575 students
Waunakee Prairie Elementary
Elementary · Grades PK–4 · Waunakee Community School District
524 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.1%

Net yield (after ~40% expenses)2.4%

Annual rent$24,450

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,031

Loan principal$479,608

Down payment$119,902

Total interest paid$611,714

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio2.10

Monthly cost to own$4,270

Monthly rent$2,038

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 17th percentile^[1]
Rental yield: 30th percentile^[2]
Property tax: 62nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 53597?: The typical home in 53597 is worth $599,510, based on the Zillow Home Value Index.
Are home values rising in 53597?: Home values in 53597 are up 2.5% over the past year, and up 5.7% a year over five years.
What is the typical rent in 53597?: A typical home in 53597 rents for about $2,038 a month, a gross rental yield of 4.1%.
What is the property tax rate in 53597?: The effective property tax rate in 53597 is 1.5% — roughly $8,867 a year on a typical home.
Who lives in 53597?: ZIP code 53597 has a population of 21,426 and a median household income of $117,000.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

53593 vs 53597 →
Verona, WI
Typical home
$600,161
Gross yield
3.9%
53562 vs 53597 →
Middleton, WI
Typical home
$625,242
Gross yield
3.2%
53705
Madison, WI
Typical home
$567,004
Gross yield
4.7%
53528
Cross Plains, WI
Typical home
$539,391
Gross yield
—
53717
Madison, WI
Typical home
$518,119
Gross yield
4.0%
53517
Blue Mounds, WI
Typical home
$514,564
Gross yield
—

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 53597 against any other ZIP — full side-by-side table.

Compare 53597 →

#Jump to section

U.S. ZIP Code · WI53597

Get more data on ZIPs like this

Get more data on ZIPs like this