Looking to Learn More About Madison WI Market

[Gavin Nieto]

Hello everyone,

I’m new to the BiggerPockets community and excited to be here.

I currently live in Massachusetts but own a single family rental property in Madison, Wisconsin. My wife and I previously lived in the home and decided to keep it as a rental rather than sell it, largely because of our low mortgage rate. That experience has motivated us to start building a larger real estate portfolio.

I’d love to hear from investors who have experience in the Madison or Milwaukee markets. Do you view southern Wisconsin as a strong market for building a long term portfolio? How do you feel about the area’s housing prices, rental demand, job growth, population trends, and overall investment outlook over the next 5 to 10 years?

I’d also appreciate any advice you’d offer someone who is just beginning to scale beyond their first rental property.

Thanks in advance for your insights. I’m looking forward to learning from this community and contributing wherever I can.

– Gavin Nieto

[Nick Sansivero]

Hey @Gavin Nieto, happy to help pull data on trends via Tenantry. Median home values in Milwaukee are rising a bit faster at 5.2% YoY, vs 2.7% for Madison. Wisconsin (and really the Midwest as a whole) is looking strong with a median home value of approximately $340k and a rental market that's seen a YoY increase of 7.2%, an attractive option for both investors and renters.