Janesville, Wisconsin Housing Market Prices
Janesville Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 10% above the Wisconsin median$187,162
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Median rent 3% below the Wisconsin median$1,050
Housing Market Overview
| Metric | Janesville | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,162 | $170,479 | $248,835 |
| Price Trend (Annual %) | 10.7% | 4.2% | 7.5% |
| Median Gross Rent | $1,050 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Janesville is about 10% higher than in Wisconsin. Rent is about 3% lower than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Janesville, up about 10.7% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Janesville rose about 42.3% between 2015 and 2024, from $738 to $1,050. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Janesville.
Buying the median-priced home in Janesville costs roughly 14.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Janesville. The price-to-rent ratio in Wisconsin is about 13.1.
| Metric | Janesville | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,162 | $170,479 | $248,835 |
| Median Household Income | $69,343 | $77,698 | $80,455 |
| Price-to-Income Ratio | 2.7 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Janesville rose about 116.3%, while median household income rose about 43.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Janesville | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.0% | 60.5% | 58.5% |
| Rental Rate | 34.0% | 28.7% | 31.2% |
| Vacancy Rate | 4.0% | 10.8% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Janesville has a homeownership rate of 62.0%, higher than the Wisconsin average of 60.5%. Its housing vacancy rate is 4.0%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | Janesville | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1968 | 1974 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Janesville was built around 1968. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 14.0 years on average.
Janesville, WI Housing Compared With Nearby Cities
How Janesville, WI compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Janesville, WI | 50,369 | $187,162 #1/2 | $1,050 #1/2 | 64.6% #1/2 |
| Beloit, WI | 31,426 | $141,460 | $1,012 | 59.7% |
Frequently Asked Questions
Common questions about the housing market in Janesville, Wisconsin.
What is the median home price in Janesville, Wisconsin?
The median home price in Janesville, Wisconsin is $187,162, higher than the Wisconsin average of $170,479.
What is the average home price in Janesville, Wisconsin?
The typical home price in Janesville, Wisconsin, reported as the median sale price, is $187,162. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Janesville, Wisconsin?
The median gross rent in Janesville, Wisconsin is $1,050 per month, lower than the Wisconsin average of $1,087.
What was the median gross rent in Janesville in 2020?
In 2020, the median gross rent in Janesville, Wisconsin was $861 per month.
What is the price-to-rent ratio in Janesville, Wisconsin?
The price-to-rent ratio in Janesville, Wisconsin is about 14.8, meaning it would take roughly 14.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Janesville.
Are home prices or rent rising faster in Janesville, Wisconsin?
Both home prices and rent are rising in Janesville, up about 10.7% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Janesville, Wisconsin?
62.0% of households in Janesville, Wisconsin own their home, higher than the Wisconsin average of 60.5%.
What is the vacancy rate in Janesville, Wisconsin?
The housing vacancy rate in Janesville, Wisconsin is 4.0%, lower than the Wisconsin average of 10.8%.
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