Madison's housing market showcases a diverse array of options, with single-family homes being a significant presence. Architectural styles vary, offering modern, craftsman, and colonial homes that cater to a range of aesthetic preferences. The city's housing stock also includes a mix of apartments and condominiums, providing alternatives for those seeking a more urban living experience. While the majority of homes reflect construction booms in the late 20th century, new developments continue to add to the city's housing landscape. The homeownership rate in Madison is robust, with a healthy balance between owners and renters.