How much is a home worth in ZIP code 53703?

The typical home in 53703 is worth $439,454, based on the Zillow Home Value Index.

Are home values rising in 53703?

Home values in 53703 are down 7.7% over the past year, and up 0.3% a year over five years.

What is the typical rent in 53703?

A typical home in 53703 rents for about $1,853 a month, a gross rental yield of 5.1%.

What is the property tax rate in 53703?

The effective property tax rate in 53703 is 1.8% — roughly $7,905 a year on a typical home.

ZIP code 53703 has a population of 37,659 and a median household income of $47,847.

HousingHandbookReference data

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U.S. ZIP Code · WI53703

Dane County · Madison, WI

Typical home value

$439,454^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -7.7%
5-year / yr: +0.3%
10-year / yr: +3.9%

Relative price

vs U.S.: +54.7%
vs metro: +2.0%
vs state: +44.0%

Price history

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

The typical home in 53703 is worth $439,454 — 2.0% above the Madison, WI median. Over the past year, values have fallen 7.7%. Homes here rent for a typical $1,853 a month — a 5.1% gross rental yield. The effective property tax rate is 1.8%.

#Rent & investment

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

Monthly rent: $1,853^[2]
Gross yield: 5.1%^[2]
Cap rate: 3.0%^[2]

#Property tax

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

Effective tax rate: 1.8%^[3]
Typical annual tax: $7,905^[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: 37,659^[3]
Median household income: $47,847^[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: 2
Middle: 2
High: 1

4K PK Off Site
Prekindergarten · Grades PK · Madison Metropolitan School District
594 students
O'Keeffe Middle
Middle · Grades 6–8 · Madison Metropolitan School District
439 students
Lapham Elementary
Elementary · Grades PK–2 · Madison Metropolitan School District
211 students
Marquette Elementary
Elementary · Grades 3–5 · Madison Metropolitan School District
159 students
Innovative High
High · Grades 9–12 · Madison Metropolitan School District
139 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 yield5.1%

Net yield (after ~40% expenses)3.0%

Annual rent$22,235

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$2,222

Loan principal$351,563

Down payment$87,891

Total interest paid$448,400

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 ratio1.75

Monthly cost to own$3,248

Monthly rent$1,853

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: 0th percentile^[1]
Rental yield: 90th percentile^[2]
Property tax: 98th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 53703?: The typical home in 53703 is worth $439,454, based on the Zillow Home Value Index.
Are home values rising in 53703?: Home values in 53703 are down 7.7% over the past year, and up 0.3% a year over five years.
What is the typical rent in 53703?: A typical home in 53703 rents for about $1,853 a month, a gross rental yield of 5.1%.
What is the property tax rate in 53703?: The effective property tax rate in 53703 is 1.8% — roughly $7,905 a year on a typical home.
Who lives in 53703?: ZIP code 53703 has a population of 37,659 and a median household income of $47,847.

#Comparable ZIPs

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

53719 vs 53703 →
Madison, WI
Typical home
$439,801
Gross yield
4.6%
53515 vs 53703 →
Black Earth, WI
Typical home
$434,526
Gross yield
—
53508
Belleville, WI
Typical home
$434,148
Gross yield
—
53589
Stoughton, WI
Typical home
$432,994
Gross yield
4.4%
53718
Madison, WI
Typical home
$430,655
Gross yield
4.7%
53574
New Glarus, WI
Typical home
$448,684
Gross yield
—

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#Jump to section

U.S. ZIP Code · WI53703

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