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 64,359, 26,470 total housing units (homes and apartments), and a median house value of $156,540, 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 66.24% of the city's housing units. Other types of housing that are prevalent in Janesville include large apartment complexes or high rise apartments ( 13.66%), row houses and other attached homes ( 10.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.26%).
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 65.78% of Janesville's homes, and 57.71% 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 ( 29.63%). A lesser amount of the housing stock also hails from before 1939 ( 17.41%). There's also some housing in Janesville built between 2000 and later ( 13.17%).
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 18.48%, which ranks in the top 50% nationwide. This equates to an annual average Janesville house appreciation rate of 1.71%.
Appreciation rates are so strong in Janesville that despite a nationwide downturn in the housing market, Janesville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Janesville appreciation rates continue to be some of the highest in America, at 9.99%, which is higher than appreciation rates in 92.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Janesville. Janesville appreciation rates in the latest quarter were at 4.56%, which equates to an annual appreciation rate of 19.55%.
Importantly, NeighborhoodScout’s exclusive research found that Janesville's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which 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 90% 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.
|$947,001 - $1,263,000||0.1|
|$631,001 - $947,000||0.3|
|$505,001 - $631,000||0.6|
|$379,001 - $505,000||2.5|
|$253,001 - $379,000||11.2|
|$126,001 - $253,000||55.9|
|$63,001 - $126,000||23.2|
|$0 - $63,000||6.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
2000 Q1 - 2018 Q4
|* 10 is highest|
|AGE OF Janesville HOMES|
|2000 or Newer||13.2|
|1970 - 1999||39.8|
|1940 - 1969||29.6|
|1939 or Older||17.4|
|TYPE OF Janesville HOMES|
|Small Apt. Buildings||8.3|
|SIZE OF Janesville HOMES|
|5 or more bedrooms||2.32|