Janesville, WI

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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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (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 64,359, 26,470 total housing units (homes and apartments), and a median house value of $155,251, 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%).

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 15.33%, which ranks in the top 50% nationwide. This equates to an annual average Janesville house appreciation rate of 1.44%.

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 10.04%, which is higher than appreciation rates in 91.29% 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 0.68%, which equates to an annual appreciation rate of 2.75%.

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.

Average Home Values


Median Home Value:

Janesville, WI HOME PRICES

Value Range
> $1,243,000 0.1
$932,001 - $1,243,000 0.0
$621,001 - $932,000 0.3
$497,001 - $621,000 0.3
$373,001 - $497,000 2.3
$249,001 - $373,000 12.0
$124,001 - $249,000 58.3
$62,001 - $124,000 21.9
$0 - $62,000 4.8

Low for WI
Average for Nation

Value Relative to Nation Value Relative to State
54.5576642335766 77.2073921971253

Number Of Homes And Apartments:

Janesville Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
36.00% 1.61%
* 10 is highest

Rent & Ownership


Average Market Rent:
$993 / per month

Homeownership Rate

Owners 65.78
Renters 34.22
Vacant 4.37

Housing Market Details


Age of Homes

AGE OF Janesville HOMES
2000 or Newer 13.2
1970 - 1999 39.8
1940 - 1969 29.6
1939 or Older 17.4

Types of Homes

TYPE OF Janesville HOMES
Single-Family 66.2
Townhomes 10.2
Small Apt. Buildings 8.3
Apt. Complexes 13.7
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Janesville HOMES
No Bedroom 0.88
1 Bedroom 8.62
2 Bedrooms 30.48
3 Bedrooms 46.65
4 Bedrooms 11.06
5 or more bedrooms 2.32