menu





Janesville, WI Real Estate Market

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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Janesville, WI Housing Market Trends

With 65,615 people, 27,302 houses or apartments, and a median cost of homes of $203,062, house prices in Janesville are solidly below the national average.

Single-family detached homes are the single most common housing type in Janesville, accounting for 65.45% of the city's housing units. Other types of housing that are prevalent in Janesville include large apartment complexes or high rise apartments ( 15.13%), duplexes, homes converted to apartments or other small apartment buildings ( 10.26%), and a few row houses and other attached homes ( 7.38%).

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 64.55% owning and 35.45% 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 ( 30.51%). A lesser amount of the housing stock also hails from before 1939 ( 16.51%). There's also some housing in Janesville built between 2000 and later ( 13.57%).

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 77.36%, which ranks in the top 40% nationwide. This equates to an annual average Janesville house appreciation rate of 5.90%.

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 10.12%, 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 2.54%, which equates to an annual appreciation rate of 10.55%.

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:
$203,062

Janesville, WI HOME PRICES

> $1,351,000
$1,013,001 - $1,351,000
$675,001 - $1,013,000
$540,001 - $675,000
$405,001 - $540,000
$270,001 - $405,000
$135,001 - $270,000
$67,001 - $135,000
$0 - $67,000
0.1%
0.1%
0.2%
0.2%
0.8%
0.8%
1.8%
1.8%
5.3%
5.3%
17.1%
17.1%
54.9%
54.9%
15.7%
15.7%
4.1%
4.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for WI

Value Relative To Nation

Number Of Homes And Apartments:
27,302

Janesville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
77.47% 2.58%
3
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,320 / per month

Homeownership Rate

Owners
Renters
Vacant
64.6%
64.6%
35.4%
35.4%
3.4%
3.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.6%
13.6%
39.4%
39.4%
30.5%
30.5%
16.5%
16.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
65.4%
65.4%
7.4%
7.4%
10.3%
10.3%
15.1%
15.1%
1.7%
1.7%
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.2%
2.2%
8.8%
8.8%
31.1%
31.1%
43.5%
43.5%
10.4%
10.4%
3.9%
3.9%
0.0% 100.0%
% OF HOMES