Janesville, MN—56048
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Janesville, MN
Janesville, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $279,000 | 6.3% |
| Single Family | $279,000 | 6.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $248,000 | 6.9% |
3 Bed | $265,000 | 6.4% |
4 Bed | $302,000 | 5.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $825 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $825 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Janesville, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Janesville, MN is 27. This is a decrease of -59.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $287,000 | -10.0% |
Listing Count | 11 | -13.0% |
| Listings as % of Homes | 0.3% | -13.0% |
Days on Market | 27 | -59.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,200 | 0.6% |
% Under 18 | 24.6% | -10.2% |
% Seniors | 15.4% | -1.3% |
% WFH | 7.3% | 32.7% |
% w/ College Degree | 26.7% | -2.2% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $750 | $820 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,400 |
| 4 Bedroom | N/A | N/A | $1,690 |
Affordability — Janesville, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $279,000 |
| Median Household Income | $82,800 |