Dane County income properties continue to be a popular choice with both local and out-of-state investors. As of August 23rd, we have just 2.5 months of supply across the whole county, which is just slightly above the supply levels for both homes and condos.
Here’s a quick snapshot of the Madison area multifamily real estate market through the first 7 months of 2025. Note all of our data is sourced from the South Central Wisconsin MLS.
Dane County multifamily price per unit
The price per sold unit through the month of July was $209k, even with last year. As the chart below shows, the price per unit is trending along historically high levels.
Gross rent multiplier
The gross rent multiplier (GRM) is defined as the purchase price divided by the annual operating income. As the chart below shows, the local GRM is currently 10.8 and has consistently been above 10 for the last ten years. These consistently elevated levels indicate investors are willing to pay a premium for Madison area income properties. We anticipate Dane County rental properties will continue to be preferred by investors for many years to come.
What questions do you have about investing in multifamily real estate?
We’re here to be a resource for you and help you learn about our local market. Reach out whenever you have questions. We’d love to help.
Dan Miller, REALTOR
Mad City Dream Homes & Realty Executives Cooper Spransy
1619 Monroe Street #1, Madison, WI, 53711
