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Janesville city, MN

ZIP 56048 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 56048

Median Home Value
$223,900
Median Rent
$701
Affordability Snapshot
$62,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,438/mo PITI).

10%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

26.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 56048 in Janesville city, MN, a household would need roughly $62,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,438. That sits below the local median household income ($82,813), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
87.4%+34% vs US avg
x
Vacancy Rate
7.2%-30% vs US avg
x
Broadband Access
89.4%+3% vs US avg
x
4+ Bedrooms
7.7%-48% vs US avg
x
Built Pre-1939
5.3%-58% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
7.8%-84% vs US avg
x
Mortgage-Free
38.4%+1% vs US avg
x
$223,900
Home Value
$701
Rent
1973
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached86.4%
  • 1-unit attached0.1%
  • 2-9 units6.2%
  • 10+ units2.3%
  • Mobile home & other4.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$223,900
Median rent$701
Owner-occupied87.4%
Vacant7.2%
Price-to-income2.7x
Est. income to buy$62,000