Market Overview
Home Prices in Monona, WI
The median home value in Monona, WI is $485,406 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% 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 Monona are priced18% above average. Monona is part of the Madison, WI metro area.
Over the past five years, Monona home values have risen by approximately32.5%, reflecting strong long-term appreciation in this market.
Price History
Monona Home Price Trend
City Comparison
Monona vs. National Median
At $485,406, homes in Monona cost 18% above the national median of $410,000. Buyers in Monona should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Monona?
20% Down Payment
$97,081
on $485,406
Monthly P&I
$2,532/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,216/mo
incl. taxes & insurance
Income Needed
$128,640
gross annual (30% rule)
10% Down Option
$48,541
+ PMI applies
Loan Amount (20% dn)
$388,325
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 Monona, WI?
The median home value in Monona is $485,406 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Monona?
Over the past year, home values in Monona have increased by 1.7%. Over five years, prices have risen approximately 32.5%.
How much do I need to earn to buy a home in Monona?
To comfortably afford the median home price of $485,406 with a 20% down payment ($97,081) at today's rates (6.8%), you'd need a gross annual income of approximately $128,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Monona compare to the national average home price?
The national median home value is approximately $410,000. At $485,406, homes in Monona are 18% above the national average.
What metro area is Monona part of?
Monona is part of the Madison, WI metropolitan area. Home prices and market conditions can vary across the broader metro region.