Janesville, WI—53545
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Janesville, WI
Home Price Trends — Janesville, WI
As of Oct '25, the median home price in Janesville, WI is $270,000, with a year-over-year change of 6.1%. This indicates that home prices in Janesville, WI are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $270,000 | 6.1% |
| Single Family | $272,000 | 6.2% |
| Condos | $215,000 | 6.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $214,000 | 6.5% |
3 Bed | $267,000 | 6.4% |
4 Bed | $307,000 | 6.6% |
| 5 Bed | $357,000 | 5.3% |
% of Housing Stock
Rental Trends — Janesville, WI
As of July '25, Rentcast reports the average rent in Janesville, WI is $1,270, with a year-over-year rent change of 41.1%. Per bedroom, the median rent as of July '25 in Janesville, WI is 1-bedrooms: $1,050, 2-bedrooms: $1,340, 3-bedrooms: $1,490. The most common rental property sizes in Janesville, WI are 2-bedroom and 1-bedroom, accounting for 50.9% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,180 | $1,050 |
| 2 Bed Rent | $1,400 | $1,340 |
| 3 Bed Rent | $1,300 | $1,490 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Janesville, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Janesville, WI is 38. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 15.0% |
Listing Count | 70 | 5.0% |
| Listings as % of Homes | 0.2% | 5.0% |
Days on Market | 38 | -13.0% |
Demographics — Janesville, WI
As of the latest ACS Survey released in 2023, Janesville, WI has a population of 23,900, which has increased by 1.9% over the past 5 years. Janesville, WI is a moderately popular place for families, as children make up 20.2% of the population. The area has a moderately educated workforce, with 29.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,900 | 1.9% |
% Under 18 | 20.2% | -2.4% |
% Seniors | 19.3% | 12.2% |
% WFH | 8.0% | 321.1% |
% w/ College Degree | 29.3% | 11.0% |
As of the latest ACS Survey released in 2023, Janesville, WI is a predominantly white area, with 86.0% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Janesville, WI is black, making up 4.7% of the population. Foreign-born residents account for 2.9% of the population in Janesville, WI, and this percentage has increased by 7.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.0% | -3.7% |
% Black | 4.7% | 95.8% |
% Hispanic | 3.5% | -34.0% |
% Asian | 1.8% | 157.1% |
% Foreign Born | 2.9% | 7.4% |
Mortgage and Risk — Janesville, WI
According to HUD data as of 2023, there were 673 mortgage originations in Janesville, WI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Janesville, WI. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 673 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Janesville, WI
Janesville, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 335 |
Total Units Section 8 | 336 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 87.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $1,180 | $880 |
| 2 Bedroom | -$250 | $1,400 | $1,150 |
| 3 Bedroom | $210 | $1,300 | $1,510 |
| 4 Bedroom | N/A | N/A | $1,530 |
Affordability — Janesville, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $270,000 |
| Median Household Income | $70,700 |