ZIP 53705 - 860Z200US53705 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 53705 in Madison, Wisconsin, for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. This area, often associated with vibrant neighborhoods and proximity to the University of Wisconsin-Madison, offers a mix of opportunities for various stakeholders. Using the latest 2023 data, this snapshot provides a clear, data-driven look at population, income, housing, and diversity metrics to help you make informed decisions.

Population & Households

ZIP 53705 is home to a population of 25,045 residents, making it a moderately sized community within the Madison area. These individuals are distributed across 12,353 households, reflecting a diverse mix of family structures, students, and professionals. With 12,796 total housing units, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to move into the area.

Income & Housing Costs

The median household income in ZIP 53705 stands at $82,315, suggesting a relatively affluent community with solid earning potential. This income level supports a robust housing market, where the median house value is $446,500. For those considering renting, the median rent is $1,322 per month, which aligns with the area’s higher cost of living and desirable location. These figures indicate that while homeownership may require significant investment, the area offers stability and potential for long-term value appreciation.

Race & Ethnicity

The demographic makeup of ZIP 53705 reflects a predominantly white population at 70.82%, with notable diversity from other groups. Asian residents account for 13.95% of the population, Hispanic or Latino individuals make up 7.11%, and Black residents comprise 1.97%. This diversity contributes to a culturally rich environment, which can be a draw for families, businesses, and investors seeking inclusive communities with varied perspectives and customer bases.

Key Facts

• Total population in ZIP 53705: 25,045 residents.
• Total households: 12,353, indicating a mix of family and individual living arrangements.
• Total housing units: 12,796, with a small surplus over occupied households.
• Median household income: $82,315, reflecting a strong economic base.
• Median house value: $446,500, suggesting a competitive real estate market.
• Median rent: $1,322, indicative of a premium rental market.
• Racial composition: 70.82% white, 13.95% Asian, 7.11% Hispanic, 1.97% Black.

What This Means for You

For homebuyers, ZIP 53705 offers a stable, higher-value housing market with a median home price of $446,500. The slight surplus of housing units could mean less competition in certain segments, but be prepared for a significant investment. The area’s median income of $82,315 suggests neighbors with financial stability, often correlating with well-maintained properties and strong community resources.

For investors and real estate agents, the combination of high home values and a median rent of $1,322 points to potential for solid returns, especially in rental properties near the university or key employment hubs. The diversity and population size also support demand for varied housing types, from student apartments to family homes.

For small-business owners, the diverse demographic profile and above-average income levels indicate a customer base with disposable income and varied needs. Whether you’re opening a retail shop, restaurant, or service-based business, the cultural mix (including a significant Asian and Hispanic presence) offers opportunities to cater to niche markets.

For analysts, the data highlights a community with economic strength and diversity, ideal for studying housing trends, income disparities, or cultural integration in a university-adjacent area like ZIP 53705.

Run This Study Yourself

• Curious about other ZIP codes or want deeper insights into ZIP 53705? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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• Use the insights to inform your homebuying, investment, or business decisions with confidence.