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Dane County, WI

Madison

RANK #680 / 996 NAT  ·  #29 / 29 WI  ·  POP 559,891

1YR FORECAST: +1.6%

5YR OUTLOOK: +19%

Our model projects Dane County's housing market at +1.6% over the next year, underperforming most U.S. counties.

[01] Why Dane County?

The presence of the University of Wisconsin-Madison shapes much of Dane County, a region in south-central Wisconsin. The county seat, Madison, is the state capital and the second-largest city in Wisconsin. Commuting within Dane County is supported by public transit, including bus services that extend to surrounding towns like Fitchburg, Middleton, Monona, Sun Prairie, and Verona. The area offers extensive outdoor recreation, with over 200 miles of trails for biking, hiking, and cross-country skiing, alongside numerous parks and five lakes. This blend of urban amenities and natural scenery contributes to a distinctive community feel.

Life in the county is characterized by access to educational institutions and diverse communities. Public schools in towns such as Middleton-Cross Plains, Waunakee, and Verona are highly rated. The economy is driven by sectors like education and health services, with the University of Wisconsin's hospital system being a significant employer. Information technology and agriculture also contribute to the economic landscape. Recent developments indicate ongoing investment in commercial and residential construction, as well as growth in technology and energy sectors.

[02] Market Snapshot

Housing Ratio
3.8x

Undervalued relative to economy

GDP Growth
+2.9%

Above national median

Home Prices
+2.6%

Outpacing national median

Climate & Terrain
-0.2

Below-average climate & terrain

Price/Rent
17x

Above national median (13x)

Housing looks undervalued at 3.8x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    UW Health Healthcare
    10,000+
  2. 2
    University of Wisconsin-Madison Education
  3. 3
    Epic Systems Technology
  4. 4
    American Family Insurance Finance
  5. 5
    State of Wisconsin Government
  6. 6
    Madison Metropolitan School District Education
    5,000+
  7. 7
    SSM Health Care of Wisconsin Inc. Healthcare
    2,500+
  8. 8
    City of Madison Government
  9. 9
    Meriter Hospital, Inc. Healthcare
  10. 10
    Dane County Government

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Dane County U.S. National

The Numbers

DEMOGRAPHICS
Population
559,891
+0.8% YoY
Median Household Income
$84,297
Median Home Value
$342,900
+2.63% 12mo
Median Rent
$1,268
Average Annual Pay
$74,481
+4.1% YoY
Employment
359,249
+1.7% YoY
Income-to-Home-Value
0.2458
Near national average
Migration Inflow
2.95%
of pop. from another state
Bachelor's Degree+
54.0%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$448,700
Days on Market
78
Slower market
Months of Supply
3.2
Balanced market
Sale-to-List Ratio
99.6%
Near asking price
Sold Above List
28.1%
Listings w/ Price Drops
10.2%
Building Permits (2024)
5,477
Single-Family Permits
1,408

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.1
per 100K · nat avg 6.3
Firearm Fatalities
7.2
per 100K · nat avg 14.8
Injury Deaths
85.9
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
47.7
Good
Good Air Days
57%
619 of 1,095 days
Unhealthy+ Days (3yr)
25
Includes 3 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
48
2022
45
2023
50
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$12,724M
TOTAL
PROJECT AMOUNT STATUS
QTS Data Center Campus
QTS Data Centers
$12,000M Proposed
Koshkonong Solar Energy Center
Invenergy (acquired by We Energies, WPS, MGE)
$279M Under Construction
Amazon Fulfillment Center
Amazon (Developer: Trammell Crow Company)
$245M Under Construction
Epic Systems Campus Expansion (Other Worlds, Underhill, Black Hole)
Epic Systems
$150M Under Construction
Sunnyside Solar Energy Center
Madison Gas and Electric (MGE)
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +2.9% 55 percentile
Population Growth +0.8% 65 percentile
Income Growth +7.5% 25 percentile
Vacancy Rate 0.9% 68 percentile
Home Price Change +2.6% 67 percentile
Rent Growth +2.3% 39 percentile
Price/Rent 17x 18 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Dane County, WI a good place to move to?

At 31/100, Dane County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $84,297 combined with job growth of +1.7% suggests the local economy is struggling to keep pace with national trends.

Is Dane County affordable?

Dane County leans toward the expensive side. A median home value of $342,900 against an income-to-home-value ratio of 0.25 means housing eats a bigger share of local earnings than the national norm. Renters face $1,268/month on average.

Is Dane County growing or shrinking?

Dane County is growing on multiple fronts. Population is up +0.8% year-over-year while employers added jobs at a +1.7% clip. Home values shifted +2.6% in the past year.

Are people moving to Dane County?

There's a moderate stream of newcomers. About 2.95% of residents moved from another state, which is above average and suggests Dane County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

St. Croix County, WI 51 Milwaukee County, WI 63 Chippewa County, WI 66 Ozaukee County, WI 68 Waukesha County, WI 69 Kenosha County, WI 74 Brevard County, FL 31 Berks County, PA 31