Interested in purchasing investment houses in the 53705 zip code in Madison, WI?
The zip code 53705 is in Dane county with a latitude of -89.463380000000 and longitude of 43.073630000000, is in the state of Wisconsin. The average asking price of houses and condos is $358,287.00 and the average sale price was $308,100.00. this regions is classified as the Madison metro area and is in the 608 area code. The location in degrees is 43° 4' 25.068" N, 89° 27' 48.168" W. The county F.I.P.S. is 55025. This zip code contains three cities including Madison, WI (87.81%), Shorewood Hills, WI (12.14%), and Middleton, WI (0.01%) The total land area is 6.6 square miles and the water area is 0.0 square miles. The elevation in this area is 876 - 942 feet. The zip code is on central standard time and observes daylight savings time.
The zip 53705 is in county number 025 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 25,922 in 2019 and 23,494 in 2010. This further breaks down to 12,719 males (49.1%) and 13,202 females (50.9%). The median age of residents is 36.8 years. The population of the greater Madison, WI area is 576,264. The population density (people per square mile) is 3,938. This zip code has a combined total of 12,911 houses and condos. There are 6,439 rented appartments. 52% of residents rent versus the 52% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $88,325 and the average salary is $62,389. The median household income of individuals is $60,089.00 and the average is $124,920.00. This zip code has a mean commute time to work of 18.4 minutes. The unemployment rate is 2.5%. Income earners by percent breakdown as 40.90% (Under $50,000), 32.80% ($50,000-$100,000), and 26.30% earn over $100,000. 10.3% of residents live below poverty line versus the 10.4% in the state that are below this line. The cost of living index is 98.7. The educational breakdown is 100.0% have a high school education or higher, 78.9% have a bachelor's degree or higher, and 47.0% have some kind of profesional degree.
This area has 11,547 households and the average size is 2.1 people. Individuals who are single and have never been married are 36.5%, 49.1% are now married, 1.2% are separated, 5.0% are widowed, and 8.1% are divorced. The average yearly contribution amount given by people to charity was $6,849 versus the state average of $3,370. The percent of residents who gave to charity was 39.0%.
The estimated median value of houses and condos is $366,997. The median monthly owner costs of mortgage holders was $2,157, where as the costs for those who don't have a mortgage are $930. The median number of rooms in houses and condos are 7.0 versus apartments which had a median number of 3.5.
The real estate tax percent rate is 2.0% which equated to an average real estate tax amount payment of $7,260. In comparision, the average real estate tax percent rate in the state is 1.7% which equated to an average real estate tax amount payment in the state of $3,320. The median housing property tax percent for residents with mortgages was 2.0% which amounted to an average tax amount of $7,221. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.0% which amounted to an average tax amount of $7,348. Reported taxable interest for persons was $2,408, dividends $11,560, capital gains +$21,116, and itemized deductions $31,388. The average earned income tax credit is $1,380. The percent of individuals that use a tax preparer is 40.5%. The total average income taxes paid by individuals was $15,970. Businesses reported an average profit of $17,021.
Gino's Italian Deli
4606 Verona Rd, Madison, WI 53711 (2.6 miles away)
Greenbush Bar
914 Regent St, Madison, WI 53715 (2.7 miles away)
Johnny Delmonico's
130 S Pinckney St, Madison, WI 53703 (3.5 miles away)
Ruth's Chris Steak House
2137 Deming Way, Middleton, WI 53562 (3.5 miles away)
Quivey's Grove
6261 Nesbitt Rd, Fitchburg, WI 53719 (3.7 miles away)
True Coffee Roasters
800 W Broadway Ste 900, Monona, WI 53713 (3.7 miles away)
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