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These days, finding an affordable place to live in the Janesville area can be challenging. Home prices in Janesville are now at a median cost of $147,529, lower than the Illinois average of $300,242.
The average cost of rent is $748/mo in Janesville, primarily driven by the current value of real estate in the Janesville area. In Janesville, 12.56% of households rent, and 49.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Janesville is $9,794 per month. Households that rent pay about 7.64% of their income on rent here. Janesville’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lerna, IL: higher priced homes
- Trilla, IL: higher priced homes
- Toledo, IL: less expensive homes
- Timothy, IL: less expensive homes
- Maple Point, IL: less expensive homes
- Hutton, IL: equally priced homes
- Charleston, IL: equally priced homes
- Magnet, IL: higher priced homes
- Greenup, IL: less expensive homes
- Loxa, IL: higher priced homes
Cities with Similar Populations
- Death Valley, CA: less expensive homes
- Despard, WV: less expensive homes
- Denmark, IN: less expensive homes
- Delville, KY: higher priced homes
- Dell, MN: higher priced homes
- Delaplaine, AR: less expensive homes
- Deering, AK: less expensive homes
- Deer Plain, IL: higher priced homes
- Decoy, KY: less expensive homes
- Deckers, CO: higher priced homes
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