Dudgeon-Monroe

Madison, WI

Neighborhood Market Analysis

Q3 2025 Report
$678,626[3]
Median Home Price
High (Walk Score 80+). Most errands can be accomplished on foot, especially along Monroe Street.[1][4]
Walkability Score
Excellent; schools in and near Dudgeon-Monroe are highly rated and sought after by families.[1][4]
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by Monroe Street to the north, Lake Wingra to the south, Glenway Street to the west, and the UW-Madison Arboretum to the east.

Zip Codes

53711

Market Data Summary

Price Range$420,000 to $900,000+ (depending on size, updates, and proximity to Lake Wingra)[1][3]
Price per Sq FtApproximately $350–$420 per sqft (2025 estimate, varies by property condition and location)
Inventory LevelsVacancy rate at 5.1%, lower than 66% of US neighborhoods, indicating tight inventory and seller’s market conditions.[3]

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesApartment complexesHigh-rise apartments

Architectural Styles

CraftsmanBungalowCape CodColonialMid-century

Property Details

Typical Lot Sizes0.1–0.25 acres, with some larger lots near Lake Wingra[4]
Home Age RangeMany homes built pre-1939, with additional stock from 1940–1969. Some newer infill and renovations.[3]
Construction QualityGenerally high, with well-maintained historic homes and quality renovations common.

Community Profile

Demographics & Lifestyle

Demographics

Wealthy, highly educated, and professional. Among the top 15% highest-income neighborhoods in the US. Childhood poverty rate is extremely low (0.6%).[2][3]

Community Vibe

Trendy, vibrant, and community-oriented. Residents value walkability, local businesses, and outdoor recreation.[1][4]

Typical Residents

  • Young professionals
  • Families
  • Academics
  • Retirees

Family Friendly

Very family-friendly with excellent schools, parks, and safe streets. Popular with families, academics, and professionals.[1][4]

Amenities & Lifestyle

Parks & Recreation

  • Lake Wingra
  • Wingra Park & Boat Livery
  • UW-Madison Arboretum
  • Nature trails and gardens

Dining Options

  • Everly
  • Miko Poke
  • Madison Chocolate Company
  • Local cafes and bistros

Shopping Centers

  • Boutiques along Monroe Street
  • Local specialty shops

Local Businesses

  • Madison Chocolate Company
  • Garth’s Brew Bar
  • Dongzhu Pottery Studio
  • Everly
  • Miko Poke

Education & Schools

Excellent; schools in and near Dudgeon-Monroe are highly rated and sought after by families.[1][4]
Overall School Rating

Elementary Schools

  • Wingra School (private, progressive)
  • Franklin Elementary (public, nearby)

Middle Schools

  • Hamilton Middle School

High Schools

  • Edgewood High School (private, Catholic)
  • West High School (public, nearby)

Private Schools

  • Edgewood High School
  • Wingra School

Transportation & Accessibility

Transit & Roads

Public Transit

  • Madison Metro bus lines
  • Madison BCycle bike share

Major Roads

  • Monroe Street
  • Glenway Street

Commute & Walkability

Commute Times10–20 minutes to downtown Madison, 5–10 minutes to UW-Madison campus.
WalkabilityExcellent; most daily needs within walking or biking distance.[1][4]
ParkingOn-street parking is available but can be limited near Monroe Street and during events.

Marketing Intelligence

Target Buyer Types

  • Affluent families
  • Young professionals
  • Academics
  • Empty nesters

Key Selling Points

  • Historic homes with character
  • Walkable to Monroe Street shops and dining
  • Access to Lake Wingra and Arboretum
  • Top-rated schools and colleges

Pricing Considerations

Price competitively but expect premium for updated, well-located homes. Staging and pre-inspections recommended to maximize value.

Common Objections & Response Strategies

Objection: Older homes may need updates or repairs.

Response Strategy:

Provide inspection reports and highlight recent upgrades or potential for customization.

Objection: Higher price point than other Madison neighborhoods.

Response Strategy:

Emphasize appreciation potential, walkability, and school quality as value drivers.

Objection: Limited inventory and fast-moving market.

Response Strategy:

Prepare buyers for quick decisions and offer strategies for competitive bidding.

Investment Insights

Investment Potential

Appreciation Potential

Strong, driven by historic character, location, and limited inventory. Consistent above-average appreciation over the past decade.[3][4]

Rental Demand

High, especially for updated homes and apartments near UW-Madison and Edgewood College.[3]

Buyer Competition

Intense; multiple offers common on well-priced homes. Cash and pre-approved buyers have an advantage.

Best For

  • Families seeking top schools
  • Young professionals
  • Academics
  • Investors targeting high-end rentals

Potential Concerns

  • Older homes may require maintenance/updates
  • Limited inventory can frustrate buyers
  • Premium pricing compared to other Madison neighborhoods

Professional Recommendations

1

Educate buyers on fast-moving market and prepare for competitive offers.

2

Network with local agents for off-market opportunities.

3

Highlight lifestyle, walkability, and school quality in all marketing.

4

Advise sellers to stage and pre-inspect homes for maximum value.

5

Stay current on local developments and community events to inform clients.

Competitive Analysis

Comparable Markets

  • Regent
  • VilAs
  • Nakoma
  • Westmorland

Market Positioning

Premium, historic, and lifestyle-focused neighborhood with strong appeal to affluent buyers.

Competitive Advantages

  • Superior walkability
  • Proximity to Lake Wingra and Arboretum
  • Historic charm and community events

Price Comparison

Dudgeon-Monroe is priced higher than most Madison neighborhoods, with only a few (e.g., VilAs, Nakoma) in a similar range.[3]

Investment Metrics

3.5%–4.2% for single-family rentals (2025 estimate)
Cap Rates
4%–5% gross yield for updated properties
Rental Yields
~24–26 (reflecting high home values and strong rental demand)
Price-to-Rent
Positive for well-maintained, updated rentals; best for long-term appreciation rather than short-term cash flow.
Cash Flow
5%–7% annual appreciation expected over the next 3 years, barring major economic shifts.
Appreciation

Buyer Journey Insights

First-Time Buyers

Challenging due to price point, but possible for dual-income professionals. Recommend pre-approval and flexibility on home features.

Move-Up Buyers

Ideal for families upgrading for schools and lifestyle. Emphasize long-term value and community.

Downsizers

Attractive for those seeking walkability and amenities, but limited inventory of smaller homes/condos.

Investors

Strong rental demand and appreciation, but cap rates are lower than city average. Focus on updated, low-maintenance properties.

Relocators

Popular for academic and medical professionals moving to Madison. Highlight proximity to UW-Madison and healthcare centers.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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