Janesville Wisconsin Residential Rent and Rental Statistics
The median monthly gross residential rent in Janesville, WI (the Janesville metro area) was $876 in 2019 according to the Census ACS survey.1 Average gross rent in Janesville was $862 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Janesville median and average rent data will be released in September of 2021.
Data is also available below for Janesville rental vacancy rates, Janesville rent as a percent of median income and the fraction of renters in Janesville.
Real Gross Rent in Janesville Wisconsin (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Wisconsin Median Gross Rent | $867 | +0.58% | +3.21% |
| Janesville, WI Median Gross Rent | $876 | +3.42% | +11.45% |
Janesville, WI Real Gross Rent Trends
At $876, real median gross rent in Janesville was at its highest level in 2019 since the series began in 2005. At $862, real average gross rent in Janesville was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Janesville: Janesville WI Median, Janesville WI Average, Wisconsin Median, US Median
Real Gross Rent History for Janesville
| Date | US Median |
Wisconsin Median |
Janesville, WI Median |
Janesville, WI Average |
|---|---|---|---|---|
| 2019 | $1,097 | $867 | $876 | $862 |
| 2018 | $1,077 | $862 | $847 | $830 |
| 2017 | $1,043 | $844 | $825 | $791 |
| 2016 | $1,027 | $840 | $786 | $785 |
| 2015 | $1,017 | $840 | $786 | $777 |
| 2014 | $986 | $826 | $810 | $842 |
| 2013 | $953 | $798 | $750 | $715 |
| 2012 | $940 | $790 | $755 | $747 |
| 2011 | $941 | $798 | $780 | $794 |
| 2010 | $955 | $799 | $780 | $750 |
| 2009 | $960 | $807 | $857 | $850 |
| 2007 | $927 | $791 | $794 | $791 |
| 2005 | $910 | $804 | $745 | $706 |
Janesville Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Janesville Wisconsin was 4.84% according to Census ACS data.
Rental Vacancy Rate in Janesville Wisconsin
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Wisconsin | 4.93% | -0.46% | +0.08% |
| Janesville, WI | 4.84% | — | +2.10% |
Trends in Janesville, WI Rental Vacancy Rate
The rental vacancy rate in Janesville peaked in 2009 at 11.82%. Since then it has fallen by 6.98% to 4.84%. Data records for this series originated in 2005. From a 2016 post peak low of 2.74%, the rental vacancy rate has increased by 2.10%.
Rental Vacancy Rate: Janesville WI, Wisconsin, US
Historical Rental Vacancy Rate data for Janesville
| Date | US | Wisconsin | Janesville, WI |
|---|---|---|---|
| 2019 | 5.97% | 4.93% | 4.84% |
| 2018 | 6.15% | 5.39% | — |
| 2017 | 6.18% | 5.20% | 3.61% |
| 2016 | 5.89% | 4.85% | 2.74% |
| 2015 | 5.85% | 4.67% | — |
| 2014 | 6.32% | 4.64% | 4.90% |
| 2013 | 6.49% | 5.22% | 3.08% |
| 2012 | 6.77% | 5.48% | 3.66% |
| 2011 | 7.40% | 5.17% | 6.91% |
| 2010 | 8.17% | 6.16% | 5.48% |
| 2009 | 8.43% | 5.86% | 11.82% |
| 2007 | 7.87% | 6.83% | 11.18% |
| 2005 | 7.74% | 6.49% | 10.91% |
Rent as a Fraction of Income
Using median household income data for Janesville, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Janesville, median monthly gross rent as a fraction of median household income was 17.16% in 2019 according to the ACS.
Janesville Wisconsin Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Wisconsin | 16.21% | -0.51% | -0.73% |
| Janesville, WI | 17.16% | -0.34% | -0.60% |
Trends in Janesville, WI Rent as a Fraction of Income
The fraction of median Janesville household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 18.53%. Since then it has fallen by 1.36% to 17.16%.
Fraction of Income towards Rent: Janesville WI, Wisconsin, US
Historical Data for Annual Rent as a Fraction of Income in Janesville Wisconsin
| Date | US | Wisconsin | Janesville, WI |
|---|---|---|---|
| 2019 | 20.03% | 16.21% | 17.16% |
| 2018 | 20.50% | 16.72% | 17.50% |
| 2017 | 20.13% | 16.57% | 17.36% |
| 2016 | 20.43% | 16.94% | 17.76% |
| 2015 | 20.63% | 17.08% | 16.53% |
| 2014 | 20.89% | 17.83% | 18.19% |
| 2013 | 20.78% | 17.67% | 18.13% |
| 2012 | 20.65% | 17.46% | 18.53% |
| 2011 | 20.70% | 17.60% | 18.22% |
| 2010 | 20.50% | 17.51% | 17.91% |
| 2009 | 20.12% | 16.99% | 18.43% |
| 2007 | 18.66% | 15.97% | 16.67% |
| 2005 | 18.89% | 16.38% | 15.46% |
Renter Fraction in Janesville Wisconsin
You can calculate the renter fraction in Janesville in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Janesville as a fraction of total Janesville households. In 2019 31.39% of households were renters according to Census ACS data.
Janesville Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Wisconsin | 32.80% | -0.06% | -0.54% |
| Janesville, WI | 31.39% | -2.84% | +0.57% |
Trends in the Janesville, WI Renter Fraction
The Janesville household renter fraction peaked in in 2018 at 34.23% and is now 2.84% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Janesville WI, Wisconsin, US
History of Janesville Renter Fraction
| Date | US | Wisconsin | Janesville, WI |
|---|---|---|---|
| 2019 | 35.89% | 32.80% | 31.39% |
| 2018 | 36.05% | 32.86% | 34.23% |
| 2017 | 36.13% | 33.39% | 34.00% |
| 2016 | 36.88% | 33.34% | 30.82% |
| 2015 | 36.97% | 33.21% | 30.31% |
| 2014 | 36.90% | 33.40% | 32.72% |
| 2013 | 36.50% | 32.82% | 30.24% |
| 2012 | 36.09% | 32.71% | 32.06% |
| 2011 | 35.42% | 32.15% | 30.40% |
| 2010 | 34.65% | 31.30% | 27.28% |
| 2009 | 34.13% | 31.02% | 26.25% |
| 2007 | 32.80% | 29.92% | 26.72% |
| 2005 | 33.10% | 29.88% | 25.55% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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