Wisconsin’s residential real estate market has shown remarkable growth over the past decade, according to Zillow Home Value Index data tracking neighborhood-level home values through November 2024. The most striking feature is Madison’s dominance, claiming 22 of the 30 most expensive neighborhoods, with Blackhawk leading at $955,370 – significantly higher than the second-place Vilas at $763,383. This concentration of high-value properties in Madison, particularly on its near-west and far-west sides, contrasts sharply with Milwaukee’s limited presence, placing only three neighborhoods (Downer Woods, Northpoint, and two in Wauwatosa) in the top 30.
The data reveals interesting geographical and growth patterns across these premium neighborhoods. University proximity remains a strong value driver, with areas near UW-Madison like Vilas, Regent, and Dudgeon-Monroe commanding premium prices. Meanwhile, the western expansion of Madison’s luxury market is evident in newer developments like Blackhawk, High Point Estates, and Stonefield Woods-Ridge. Notably, Pleasant Prairie, a smaller community between Kenosha and the Illinois border, has managed to place two neighborhoods (Prairie Ridge and Village Green) in the top 20, while Green Bay’s sole representative is Nicollet Drive.
Home Values Overview Chart
The appreciation trajectory tells an compelling story of market evolution. Arbor Hills posted the most dramatic decade-long appreciation at 103.8%, transforming from a $242,504 median value in 2014 to $494,209 in 2024. However, recent years show a clear moderation in growth rates – while 10-year gains frequently exceeded 80%, the 2023-2024 appreciation ranged from just 5.8% to 13.0%. This pattern of steep value increases between 2014 and 2019, followed by more moderate growth through 2023 and single-digit percentage gains in the most recent year, suggests a gradual market stabilization while maintaining upward momentum.
1. Arbor Hills (Madison)
Located on Madison’s south side, Arbor Hills is a residential neighborhood known for its mid-century homes and proximity to the UW Arboretum. Home values have seen dramatic growth from $242,504 in 2014 (+103.8%) to $318,788 in 2019 (+55.0%), reaching $460,933 in 2023 (+7.2%) and settling at $494,209 in November 2024.
2. Lowell Damon Woods (Wauwatosa)
Situated in western Wauwatosa near the Milwaukee County Grounds, Lowell Damon Woods is characterized by its mature trees and larger lot sizes. Property values have risen steadily from $263,479 in 2014 (+88.5%) to $328,265 in 2019 (+51.3%), then to $444,310 in 2023 (+11.8%), reaching $496,628 in November 2024.
3. Olde Hillcrest (Wauwatosa)
Located in northern Wauwatosa adjacent to the Menomonee River Parkway, Olde Hillcrest features classic Tudor and Colonial revival homes. The neighborhood has seen significant appreciation from $270,617 in 2014 (+86.0%) to $330,382 in 2019 (+52.4%), then to $459,263 in 2023 (+9.6%), reaching $503,461 in November 2024.
4. Westmorland (Madison)
Nestled between Midvale Boulevard and Glenway Golf Course on Madison’s near west side, Westmorland is known for its community events and historic homes. Home values have increased from $287,296 in 2014 (+75.8%) to $348,858 in 2019 (+44.7%), then to $474,776 in 2023 (+6.4%), reaching $504,940 in November 2024.
5. Prairie Ridge (Pleasant Prairie)
Located in southeastern Wisconsin between Kenosha and the Illinois border, Prairie Ridge offers newer homes with modern amenities. Property values have surged from $254,715 in 2014 (+99.6%) to $362,319 in 2019 (+40.3%), then to $472,803 in 2023 (+7.5%), reaching $508,292 in November 2024.
6. Downer Woods (Milwaukee)
Adjacent to UW-Milwaukee’s campus on the city’s east side, Downer Woods features historic homes and tree-lined streets. Home values have risen from $316,767 in 2014 (+62.6%) to $364,254 in 2019 (+41.4%), then to $486,967 in 2023 (+5.8%), reaching $515,030 in November 2024.
7. Cherokee Park (Madison)
Situated on Madison’s north side near Lake Mendota, Cherokee Park offers scenic water views and access to Cherokee Marsh. Property values have increased from $264,901 in 2014 (+95.4%) to $348,162 in 2019 (+48.7%), then to $480,697 in 2023 (+7.7%), reaching $517,681 in November 2024.
8. Swan Park (Wauwatosa)
Located in central Wauwatosa near Hart Park and the Menomonee River, Swan Park features well-maintained historic homes. Property values increased from $302,237 in 2014 (+71.3%) to $358,707 in 2019 (+44.3%), then to $484,480 in 2023 (+6.9%), reaching $517,735 in November 2024.
9. Walnut Grove (Madison)
Situated on Madison’s far west side near Walnut Grove Park, this neighborhood offers spacious lots and established landscaping. Home values have grown from $277,638 in 2014 (+87.3%) to $339,240 in 2019 (+53.3%), then to $484,434 in 2023 (+7.4%), reaching $520,089 in November 2024.
10. Wexford Village (Madison)
Located in Madison’s west side near Old Sauk Road, Wexford Village features executive homes and proximity to shopping. Values have increased from $285,528 in 2014 (+85.6%) to $357,186 in 2019 (+48.4%), then to $493,673 in 2023 (+7.4%), reaching $529,992 in November 2024.
11. Northpoint (Milwaukee)
Situated along Lake Michigan on Milwaukee’s east side, Northpoint is known for its historic mansions and proximity to Lake Park. Home values have risen from $334,853 in 2014 (+58.3%) to $379,486 in 2019 (+39.7%), then to $494,564 in 2023 (+7.2%), reaching $530,203 in November 2024.
12. Old Middleton Greenway (Madison)
Located along Old Middleton Road on Madison’s west side, this neighborhood offers scenic views and established gardens. Property values have increased from $289,747 in 2014 (+90.7%) to $361,930 in 2019 (+52.7%), then to $516,063 in 2023 (+7.1%), reaching $552,623 in November 2024.
13. Marquette (Madison)
Located near the University of Wisconsin campus, Marquette is a historic neighborhood with a mix of architectural styles. Home values have risen from $300,422 in 2014 (+84.5%) to $401,069 in 2019 (+38.2%), then to $512,458 in 2023 (+8.2%), reaching $554,330 in November 2024.
14. Faircrest (Madison)
Situated on Madison’s west side near Midvale Boulevard, Faircrest features well-maintained mid-century homes. Property values have grown from $283,014 in 2014 (+97.5%) to $359,312 in 2019 (+55.5%), then to $510,385 in 2023 (+9.5%), reaching $558,844 in November 2024.
15. Hill Farms, University Neighborhood (Madison)
Located west of the University of Wisconsin campus, Hill Farms features unique architectural designs and proximity to shopping. Values have increased from $296,656 in 2014 (+91.5%) to $377,089 in 2019 (+50.6%), then to $524,064 in 2023 (+8.4%), reaching $568,076 in November 2024.
16. Country Grove (Madison)
Situated on Madison’s far west side, Country Grove offers newer homes with modern amenities. Home values have risen from $302,503 in 2014 (+88.0%) to $366,598 in 2019 (+55.1%), then to $520,778 in 2023 (+9.2%), reaching $568,632 in November 2024.
17. Nicollet Drive (Green Bay)
Located along the East River in Green Bay, Nicollet Drive features upscale homes with water views. While 2014 data is not available, values have increased from $335,330 in 2019 (+71.5%) to $508,915 in 2023 (+13.0%), reaching $575,176 in November 2024.
18. Richmond Hill (Madison)
Situated on Madison’s west side near Old Sauk Road, Richmond Hill offers executive homes with scenic views. Property values have increased from $334,783 in 2014 (+75.9%) to $379,347 in 2019 (+55.2%), then to $542,015 in 2023 (+8.6%), reaching $588,879 in November 2024.
19. Village Green (Pleasant Prairie)
Located in southeastern Wisconsin near Lake Michigan, Village Green features upscale homes with modern amenities. Values have risen from $335,704 in 2014 (+82.7%) to $450,045 in 2019 (+36.3%), then to $567,057 in 2023 (+8.2%), reaching $613,336 in November 2024.
20. Parkwood Hills (Madison)
Situated on Madison’s west side near Owen Conservation Park, Parkwood Hills offers homes with scenic views. Property values have increased from $329,529 in 2014 (+86.2%) to $402,096 in 2019 (+52.6%), then to $562,539 in 2023 (+9.1%), reaching $613,733 in November 2024.
21. Dudgeon-Monroe (Madison)
Located between Lake Wingra and the University of Wisconsin campus, Dudgeon-Monroe is known for its historic homes and vibrant community. Values have grown from $347,779 in 2014 (+77.3%) to $424,096 in 2019 (+45.4%), then to $566,511 in 2023 (+8.8%), reaching $616,470 in November 2024.
22. Sauk Creek (Madison)
Situated on Madison’s west side near Old Sauk Road, Sauk Creek features executive homes with wooded lots. Home values have increased from $344,945 in 2014 (+79.0%) to $409,053 in 2019 (+50.9%), then to $577,532 in 2023 (+6.9%), reaching $617,282 in November 2024.
23. Elderberry (Madison)
Located on Madison’s west side near Pleasant View Golf Course, Elderberry offers upscale homes with generous lots. Property values have risen from $362,781 in 2014 (+77.4%) to $438,577 in 2019 (+46.7%), then to $600,805 in 2023 (+7.1%), reaching $643,467 in November 2024.
24. Regent (Madison)
Situated near the University of Wisconsin campus, Regent is a historic neighborhood known for its architectural diversity. Values have increased from $372,812 in 2014 (+86.6%) to $479,797 in 2019 (+45.0%), then to $641,780 in 2023 (+8.4%), reaching $695,518 in November 2024.
25. Nakoma (Madison)
Located on Madison’s near west side, Nakoma is an historic neighborhood known for its Tudor and Colonial Revival architecture. Home values have grown from $366,991 in 2014 (+91.0%) to $446,635 in 2019 (+56.9%), then to $651,483 in 2023 (+7.6%), reaching $700,867 in November 2024.
26. High Point Estates (Madison)
Situated on Madison’s far west side near Pioneer Park, High Point Estates features luxury homes on large lots. Property values have increased from $406,039 in 2014 (+75.7%) to $468,439 in 2019 (+52.3%), then to $662,731 in 2023 (+7.7%), reaching $713,553 in November 2024.
27. Hawk’s Landing (Madison)
Located on Madison’s southwest side adjacent to Hawk’s Landing Golf Club, this neighborhood features luxury homes with golf course views. Values have risen from $466,751 in 2014 (+57.5%) to $514,896 in 2019 (+42.8%), then to $681,167 in 2023 (+7.9%), reaching $735,080 in November 2024.
28. Stonefield Woods-Ridge (Madison)
Situated on Madison’s far west side near Junction Ridge, Stonefield Woods-Ridge offers newer luxury homes with modern amenities. While 2014 data is not available, values have increased from $488,655 in 2019 (+52.0%) to $692,304 in 2023 (+7.3%), reaching $742,896 in November 2024.
29. Vilas (Madison)
Located near downtown Madison and Lake Wingra, Vilas is a historic neighborhood known for its proximity to the UW campus and zoo. Home values have increased from $400,810 in 2014 (+90.5%) to $513,626 in 2019 (+48.6%), then to $700,759 in 2023 (+8.9%), reaching $763,383 in November 2024.
30. Blackhawk (Madison)
Situated on Madison’s far west side near Pleasant View Golf Course, Blackhawk features luxury homes on expansive lots. Property values have risen significantly from $527,174 in 2014 (+81.2%) to $610,203 in 2019 (+56.6%), then to $879,844 in 2023 (+8.6%), reaching $955,370 in November 2024.
