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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 a population of 64,575, 26,659 total housing units (homes and apartments), and a median house value of $181,874, 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 66.74% of the city's housing units. Other types of housing that are prevalent in Janesville include large apartment complexes or high rise apartments ( 13.89%), duplexes, homes converted to apartments or other small apartment buildings ( 10.12%), and a few row houses and other attached homes ( 7.34%).

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 65.01% of Janesville's homes, and 57.14% 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 ( 28.03%). A lesser amount of the housing stock also hails from before 1939 ( 17.47%). There's also some housing in Janesville built between 2000 and later ( 12.61%).

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 61.48%, which ranks in the top 30% nationwide. This equates to an annual average Janesville house appreciation rate of 4.91%.

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 10.95%, which is higher than appreciation rates in 75.83% 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 2.70%, which equates to an annual appreciation rate of 11.24%.

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:
$181,874

Janesville, WI HOME PRICES

> $1,289,000
0.1%
0.1%
$967,001 - $1,289,000
0.1%
0.1%
$645,001 - $967,000
0.4%
0.4%
$516,001 - $645,000
1.4%
1.4%
$387,001 - $516,000
4.0%
4.0%
$258,001 - $387,000
14.8%
14.8%
$129,001 - $258,000
55.4%
55.4%
$64,001 - $129,000
19.5%
19.5%
$0 - $64,000
4.3%
4.3%
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:
26,659

Janesville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
58.63% 2.17%
4
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,132 / per month

Homeownership Rate

Owners
65.0%
65.0%
Renters
35.0%
35.0%
Vacant
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.6%
12.6%
1970 - 1999
41.9%
41.9%
1940 - 1969
28.0%
28.0%
1939 or Older
17.5%
17.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
66.7%
66.7%
Townhomes
7.3%
7.3%
Small Apt. Buildings
10.1%
10.1%
Apt. Complexes
13.9%
13.9%
Mobile Homes
1.9%
1.9%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
8.4%
8.4%
2 Bedrooms
30.2%
30.2%
3 Bedrooms
45.5%
45.5%
4 Bedrooms
11.7%
11.7%
5 or more bedrooms
3.4%
3.4%
0.0% 100.0%
% OF HOMES