Janesville, WI—53548
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 $269,000, with a year-over-year change of 6.4%. This indicates that home prices in Janesville, WI are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $269,000 | 6.4% |
| Single Family | $273,000 | 7.1% |
| Condos | $195,000 | 0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $192,000 | 7.3% |
3 Bed | $271,000 | 6.3% |
4 Bed | $313,000 | 5.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Janesville, WI
As of July '25, Rentcast reports the average rent in Janesville, WI is $1,380, with a year-over-year rent change of 45.7%. Per bedroom, the median rent as of July '25 in Janesville, WI is 1-bedrooms: $1,010, 2-bedrooms: $1,160, 3-bedrooms: $1,590, 4-bedrooms: $2,220. The most common rental property sizes in Janesville, WI are 2-bedroom and 3-bedroom, accounting for 37.9% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,010 |
| 2 Bed Rent | $1,100 | $1,160 |
| 3 Bed Rent | $1,400 | $1,590 |
| 4 Bed Rent | $1,800 | $2,220 |
% 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 33. This is a decrease of -11.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $274,000 | -8.0% |
Listing Count | 48 | 6.0% |
| Listings as % of Homes | 0.3% | 6.0% |
Days on Market | 33 | -11.0% |
Demographics — Janesville, WI
As of the latest ACS Survey released in 2023, Janesville, WI has a population of 20,500, which has increased by 13.5% over the past 5 years. Janesville, WI is a moderately popular place for families, as children make up 21.0% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,500 | 13.5% |
% Under 18 | 21.0% | -13.9% |
% Seniors | 17.6% | 22.2% |
% WFH | 8.6% | 152.9% |
% w/ College Degree | 26.7% | 37.6% |
As of the latest ACS Survey released in 2023, Janesville, WI is a predominantly white area, with 84.1% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Janesville, WI is hispanic, making up 7.2% of the population. Foreign-born residents account for 4.1% of the population in Janesville, WI, and this percentage has increased by 28.1% 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 | 84.1% | -4.4% |
% Black | 3.5% | 105.9% |
% Hispanic | 7.2% | 38.5% |
% Asian | 1.9% | 11.8% |
% Foreign Born | 4.1% | 28.1% |
Mortgage and Risk — Janesville, WI
According to HUD data as of 2023, there were 435 mortgage originations in Janesville, WI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Janesville, WI. Investor activity is low, as 3.0% 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 | 435 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Janesville, WI
As of 2024, the percent of homes in Janesville, WI under the Section 8 program is 16.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Janesville, WI, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 461 |
Total Units Section 8 | 461 |
% Rentals under Section 8 | 16.3% |
% Occupied Section 8 | 86.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,050 | $880 |
| 2 Bedroom | $50 | $1,100 | $1,150 |
| 3 Bedroom | $110 | $1,400 | $1,510 |
| 4 Bedroom | -$270 | $1,800 | $1,530 |
Affordability — Janesville, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $269,000 |
| Median Household Income | $74,700 |