Janesville, MN 56048 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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

3-Bed Rent

N/A

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	$277,000	6.0%
Single Family	$277,000	5.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

Loading chart...

% 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.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$292,000	-7.0%
Listing Count	9	-9.0%
Listings as % of Homes	0.3%	-9.0%
Days on Market	70	-26.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

Janesville, MN—56048

Key Metrics at a Glance

Home Price Trends — Janesville, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Janesville, MN

% of Rental Stock

Property Listings — Janesville, MN

Demographics — Janesville, MN

Race and Ethnicity

Mortgage and Risk — Janesville, MN

Mortgages

Rentals and Section 8 — Janesville, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Janesville, MN

Home Price to Income Ratio

Janesville, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Pemberton, MN

Elysian, MN

Eagle Lake, MN

Saint Clair

Madison Lake, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$277,000
Median Household Income	$82,800

Janesville, MN—56048

Key Metrics at a Glance

Home Price Trends — Janesville, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Janesville, MN

% of Rental Stock

Property Listings — Janesville, MN

Demographics — Janesville, MN

Race and Ethnicity

Mortgage and Risk — Janesville, MN

Mortgages

Rentals and Section 8 — Janesville, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Janesville, MN

Home Price to Income Ratio

Janesville, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Pemberton, MN

Elysian, MN

Eagle Lake, MN

Saint Clair

Madison Lake, MN

Frequently Asked Questions

What is the average home price in Janesville, MN 56048?

How have home prices in Janesville, MN 56048 changed over the past year?

What is the home price projection for Janesville, MN 56048?

What are the demographics of Janesville, MN 56048?

How long does it take homes to sell in Janesville, MN 56048?

What is the average rent price in Janesville, MN 56048?