Janesville, WI

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Janesville, WI Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Janesville Housing Market Information

With 64,359 people, 26,098 houses or apartments, and a median cost of homes of $156,033, Janesville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Janesville, accounting for 65.08% of the city's housing units. Other types of housing that are prevalent in Janesville include large apartment complexes or high rise apartments ( 14.07%), row houses and other attached homes ( 10.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.70%).

The most prevalent building size and type in Janesville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.78% owning and 35.22% renting.

There is a lot of housing in Janesville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Janesville built between 1940-1969 ( 28.65%). A lesser amount of the housing stock also hails from before 1939 ( 18.44%). There's also some housing in Janesville built between 2000 and later ( 12.67%).

Janesville Home Appreciation Rates

Real estate appreciation rates in Janesville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.22% during the period.

NeighborhoodScout's data show that during the latest twelve months, Janesville's appreciation rate, at 5.86%, has been at or slightly above the national average. In the latest quarter, Janesville's appreciation rate has been 3.98%, which annualizes to a rate of 16.91%.

Importantly, this makes Janesville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Wisconsin, our data show that Janesville's latest annual appreciation rate is higher than 60% of the other cities and towns in Wisconsin.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Janesville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Janesville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Janesville real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Janesville, WI HOME PRICES

Value Range
> $1,260,000 0.2
$945,001 - $1,260,000 0.1
$630,001 - $945,000 0.5
$504,001 - $630,000 0.6
$378,001 - $504,000 2.7
$252,001 - $378,000 9.6
$126,001 - $252,000 55.3
$63,001 - $126,000 25.1
$0 - $63,000 5.8

Low for WI
Average for Nation

Value Relative to Nation Value Relative to State
53.4189781021898 73.9219712525667

Number Of Homes And Apartments:

Janesville Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
32.36% 1.51%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,056 / per month

Homeownership Rate

Owners 64.78
Renters 35.22
Vacant 4.87

Housing Market Details


Age of Homes

AGE OF Janesville HOMES
2000 or Newer 12.7
1970 - 1999 40.2
1940 - 1969 28.6
1939 or Older 18.4

Types of Homes

TYPE OF Janesville HOMES
Single-Family 65.1
Townhomes 10.5
Small Apt. Buildings 8.7
Apt. Complexes 14.1
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Janesville HOMES
No Bedroom 0.89
1 Bedroom 8.37
2 Bedrooms 30.86
3 Bedrooms 46.52
4 Bedrooms 11.34
5 or more bedrooms 2.02