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 Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Janesville Housing Market Information

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%).

Janesville Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$172,145

Janesville, WI HOME PRICES

Value Range
> $1,230,000 0.2
$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

Low for WI
Average for Nation

Value Relative to Nation Value Relative to State
50.7737226277372 68.5831622176591

Number Of Homes And Apartments:
2,045

Janesville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2020 Q1
41.99% 1.75%
3
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,012 / per month

Homeownership Rate

Homeownership
Owners 68.55
Renters 31.45
Vacant 3.89

Housing Market Details

 

Age of Homes

AGE OF Janesville HOMES
2000 or Newer 14.0
1970 - 1999 42.5
1940 - 1969 27.1
1939 or Older 16.4

Types of Homes

TYPE OF Janesville HOMES
Single-Family 69.8
Townhomes 7.6
Small Apt. Buildings 8.3
Apt. Complexes 11.6
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Janesville HOMES
No Bedroom 0.81
1 Bedroom 6.98
2 Bedrooms 28.93
3 Bedrooms 47.24
4 Bedrooms 12.59
5 or more bedrooms 3.44