What is the rental vacancy rate in Madison, WI?

The rental vacancy rate in Madison, WI is 3.3% (±0.8 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 0.4% (±0.3 points).

5,269 (±739) homes, 3.9% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Madison, the rental vacancy rate went from 3.1% in 2015–2019 to 3.3% in 2020–2024 (+0.2 percentage points), not a measurable change.

Figures last updated on .

Rental vacancy rate
3.3% (±0.8 points)
Homeowner vacancy rate
0.4% (±0.3 points)
Vacant homes
5,269 (±739)

Vacancy in Madison against Dane County, its state and the nation

Estimate (90% margin of error)
MadisonDane CountyWisconsinUnited States
Rental vacancy rate3.3% (±0.8 points)2.9% (±0.6 points)4.5% (±0.2 points)5.5%
Homeowner vacancy rate0.4% (±0.3 points)0.4% (±0.2 points)0.5% (±0.1 points)0.9%
Vacant housing units5,269 (±739)9,532 (±1,040)299,092 (±4,686)14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Madison, the rental vacancy rate is not measurably different from Dane County (2.9%).

It is also lower than in Wisconsin (4.5%).

It is lower than the national figure (5.5%).

Rental vacancy rate in places near Madison

Nearest places with a published estimate, compared with Madison
PlaceDistanceRental vacancy rateCompared with this place
Madison—3.3% (±0.8 points)—
Shorewood Hills1.1 mi0.0% (±5.7 points)Not measurably different
Maple Bluff3.6 mi0.0% (±38.5 points)Not measurably different
Middleton4.1 mi2.0% (±1.9 points)Not measurably different
Monona5.4 mi2.6% (±3.0 points)Not measurably different
Town of Westport5.5 mi1.8% (±2.0 points)Not measurably different
Waunakee6.6 mi3.6% (±5.7 points)Not measurably different
Town of Blooming Grove6.9 mi2.6% (±4.3 points)Not measurably different
Fitchburg7.1 mi0.8% (±1.1 points)Lower

Nearby places with a measurably lower figure: Fitchburg, WI (0.8%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Dane County, place by place

RankPlaceRental vacancy rate
8Mount Horeb7.0% (±11.0 points)
9Oregon5.8% (±6.5 points)
10DeForest5.6% (±8.2 points)
11Stoughton3.7% (±4.2 points)
12Waunakee3.6% (±5.7 points)
13 (tie)Cottage Grove3.3% (±5.1 points)
13 (tie)Madison3.3% (±0.8 points)
15Town of Verona3.2% (±5.2 points)
16Verona3.0% (±3.3 points)
17 (tie)Monona2.6% (±3.0 points)
17 (tie)Town of Blooming Grove2.6% (±4.3 points)
19McFarland2.5% (±4.1 points)
20Middleton2.0% (±1.9 points)

Showing 13 of 59 places in Dane County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Madison

Is it hard to find a rental in Madison?

The rental vacancy rate in Madison, WI is 3.3% (±0.8 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Madison tighter than it was?

In Madison, the rental vacancy rate went from 3.1% in 2015–2019 to 3.3% in 2020–2024 (+0.2 percentage points), not a measurable change.

How many homes are vacant in Madison?

An estimated 5,269 (±739) housing units, 3.9% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Madison city, Wisconsin (place:48000, in state:55).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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