Janesville, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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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 Q2 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 64,159 people, 26,098 houses or apartments, and a median cost of homes of $149,768, 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 0.50% during the period.

Over the last year, Janesville appreciation rates have trailed the rest of the nation. In the last twelve months, Janesville's appreciation rate has been 3.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Janesville were at 0.03%, which equates to an annual appreciation rate of 0.11%.

Notably, Janesville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Wisconsin, our data show that Janesville's latest annual appreciation rate is lower than 50% 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:
$149,768

Janesville, WI HOME PRICES

Value Range
> $1,210,000 0.2
$907,001 - $1,210,000 0.1
$605,001 - $907,000 0.5
$484,001 - $605,000 0.6
$363,001 - $484,000 2.7
$242,001 - $363,000 9.6
$121,001 - $242,000 55.3
$60,001 - $121,000 25.1
$0 - $60,000 5.8

Low for WI
Average for Nation

Value Relative to Nation Value Relative to State
54.7153284671533 74.5379876796715

Number Of Homes And Apartments:
26,098

Janesville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
27.04% 1.30%
3
2
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$1,005 / per month

Homeownership Rate

Homeownership
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