ZIP Code 53704 — Madison city, WI Demographics & Data

ZIP code 53704 covers Madison, WI in Dane County with a population of about 47,136.

At a glance, the area shows median age of 35.2 versus a U.S. median of about 38.9.

It sits in telephone area code 608; U.S. House district WI-2; the MADISON media market.

Madison, WI sits in a university / college context (near madison area technical college (1.4 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 53704 is about $75,007 — about even with the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 11.8%; unemployment rate near 2.4%; 49.5% of adults with a bachelor’s degree or higher (about 15.8 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Education, Healthcare, and Professional services; about 21.1% of workers reporting work-from-home (about 5.9 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $289,000 — about 17% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,133 (about 3% below the U.S. median rent ($1,163)), and owner-occupancy near 53.5% (about 11.9 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 53704 in Madison, WI, a household would need roughly $80,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,856. That is roughly in line with the local median household income ($75,007). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Madison city, WI as Relatively Moderate (composite score 93.9), which is among the highest nationally. The strongest component scores on US5 are flood (94.3) and wildfire (60.2). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Madison city, WI show little to no average snow and around 37.1 inches of annual precipitation.

IRS migration statistics show a net inflow of about 2,749 for ZIP 53704 (Madison city, WI) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.