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Janesville, MN—56048

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$277,000
6.0% YoY Growth
Household Income
$82,800
13.2% YoY Growth
Days on Market
70
26.0% Shorter YoY
Home Price Forecast
N/A
Median Rent
$750
3.1% YoY Growth
1-Bed Rent
$750
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Janesville, MN

Janesville, MN lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$277,0006.0%
Single Family $277,0005.7%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    		$247,0006.0%
    3 Bed
    		$263,0006.0%
    4 Bed
    		$300,0004.5%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    2.7%
    2 Bedrooms
    23.3%
    3 Bedrooms
    39.8%
    4 Bedrooms
    25.0%
    5+ Bedrooms
    7.7%

    Rental Trends — Janesville, MN

    As of July '25, Rentcast reports the average rent in Janesville, MN is $825, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Janesville, MN is 1-bedrooms: $825. The most common rental property sizes in Janesville, MN are 2-bedroom and 3-bedroom, accounting for 35.9% and 25.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$750$825
    Studio Rent N/AN/A
    1 Bed Rent $750$825
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    8.7%
    1 Bedroom
    17.0%
    2 Bedrooms
    35.9%
    3 Bedrooms
    25.7%
    4 Bedrooms
    11.2%
    5+ Bedrooms
    1.5%

    Property Listings — Janesville, MN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Janesville, MN is 43. This is a decrease of -36.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$292,000-7.0%
    Listing Count
    		9-9.0%
    Listings as % of Homes0.3%-9.0%
    Days on Market
    		70-26.0%
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    Demographics — Janesville, MN

    As of the latest ACS Survey released in 2023, Janesville, MN has a population of 4,200, which has remained stable by 0.6% over the past 5 years. Janesville, MN is a moderately popular place for families, as children make up 24.6% 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 7.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4,2000.6%
    % Under 18
    		24.6%-10.2%
    % Seniors
    		15.4%-1.3%
    % WFH
    		7.3%32.7%
    % w/ College Degree
    		26.7%-2.2%
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    As of the latest ACS Survey released in 2023, Janesville, MN is a predominantly white area, with 95.3% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Janesville, MN is hispanic, making up 2.0% of the population. Foreign-born residents account for 0.6% of the population in Janesville, MN, and this percentage has decreased by 40.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		95.3%0.6%
    % Black
    		1.5%200.0%
    % Hispanic
    		2.0%-35.5%
    % Asian
    		0.2%-60.0%
    % Foreign Born
    		0.6%-40.0%
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    Mortgage and Risk — Janesville, MN

    According to HUD data as of 2023, there were 51 mortgage originations in Janesville, MN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Janesville, MN. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		51
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		18.0%
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    Rentals and Section 8 — Janesville, MN

    Janesville, MN lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		43
    Total Units Section 8
    		5
    % Rentals under Section 8
    		3.9%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$70$750$820
    2 BedroomN/AN/A$1,000
    3 BedroomN/AN/A$1,400
    4 BedroomN/AN/A$1,690

    Affordability — Janesville, MN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.9
    Median Home Price$277,000
    Median Household Income$82,800

    Janesville, MN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Pemberton, MN

    56078

    Elysian, MN

    56028

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    56024

    Saint Clair

    56080

    Madison Lake, MN

    56063

    Frequently Asked Questions