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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 64,565, 2,045 total housing units (homes and apartments), and a median house value of $172,145, 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 69.83% of the city's housing units. Other types of housing that are prevalent in Janesville include large apartment complexes or high rise apartments ( 11.61%), duplexes, homes converted to apartments or other small apartment buildings ( 8.26%), and a few row houses and other attached homes ( 7.60%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Janesville. Owner-occupied housing accounts for 68.55% of Janesville's homes, and 59.83% have either three or four bedrooms, which is average sized relative to America.
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 ( 27.06%). A lesser amount of the housing stock also hails from before 1939 ( 16.44%). There's also some housing in Janesville built between 2000 and later ( 14.01%).
Appreciation rates for homes in Janesville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 32.76%, which ranks in the top 40% nationwide. This equates to an annual average Janesville house appreciation rate of 2.87%.
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 3.79%, 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 -0.06%, which equates to an annual appreciation rate of -0.22%.
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 70% 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.
|$923,001 - $1,230,000||0.1|
|$615,001 - $923,000||0.3|
|$492,001 - $615,000||0.8|
|$369,001 - $492,000||3.4|
|$246,001 - $369,000||12.9|
|$123,001 - $246,000||55.8|
|$61,001 - $123,000||21.9|
|$0 - $61,000||4.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
2000 Q1 - 2020 Q1
|* 10 is highest|
|AGE OF Janesville HOMES|
|2000 or Newer||14.0|
|1970 - 1999||42.5|
|1940 - 1969||27.1|
|1939 or Older||16.4|
|TYPE OF Janesville HOMES|
|Small Apt. Buildings||8.3|
|SIZE OF Janesville HOMES|
|5 or more bedrooms||3.44|