Market Overview
Home Prices in Arena, WI
The median home value in Arena, WI is $344,022 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.3% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Arena are priced16% below average. Arena is part of the Madison, WI metro area.
Over the past five years, Arena home values have risen by approximately35.0%, reflecting strong long-term appreciation in this market.
Price History
Arena Home Price Trend
2020
$226,077
$226K
—
2021
$254,773
$255K
+12.7%
2022
$281,691
$282K
+10.6%
2023
$303,401
$303K
+7.7%
2024
$322,398
$322K
+6.3%
2025
$336,212
$336K
+4.3%
2026
$344,022
$344K
+2.3%
City Comparison
Arena vs. National Median
🏠 Arena
$344,022
National Median
$410,000
At $344,022, homes in Arena cost 16% below the national median of $410,000. This makes Arena a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Arena?
20% Down Payment
$68,804
on $344,022
Monthly P&I
$1,794/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,278/mo
incl. taxes & insurance
Income Needed
$91,120
gross annual (30% rule)
10% Down Option
$34,402
+ PMI applies
Loan Amount (20% dn)
$275,218
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Arena, WI?
The median home value in Arena is $344,022 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.3% year-over-year.
How much have home prices changed in Arena?
Over the past year, home values in Arena have increased by 2.3%. Over five years, prices have risen approximately 35.0%.
How much do I need to earn to buy a home in Arena?
To comfortably afford the median home price of $344,022 with a 20% down payment ($68,804) at today's rates (6.8%), you'd need a gross annual income of approximately $91,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Arena compare to the national average home price?
The national median home value is approximately $410,000. At $344,022, homes in Arena are 16% below the national average.
What metro area is Arena part of?
Arena is part of the Madison, WI metropolitan area. Home prices and market conditions can vary across the broader metro region.