Madison Multifamily Market Report

Madison Metro Area, Third Quarter 2017

Steady Growth Prompts Building Boom in Madison

Expanding labor force and a local university support household gains. Madison’s rising employment base and the increasing number of people drawn to fill these positions are supporting a surge in housing demand. Local companies such as Epic, a healthcare-related software developer that is one of the largest employers in the region, are adding to the renter base as they expand. This demand has pressured the median home price to surge 7 percent over the past year, outpacing a 2.8 percent increase to the median household income..

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RSK: I have to agree with their synopsis report but do read the full report. I think they are missing the biotech start-ups that have grown-up such as Exact Sciences etc. Even more pressure on the market.