Compare Janesville, WI mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Janesville.
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December 1, 2023
Below we provide helpful information on the real estate market, home prices and housing affordability in Janesville. Understand how much you need to earn to afford a home in Janesville, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Janesville fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Janesville is right for you.
The median home value for Janesville, WI (Rock County) is $220,784
Based on current mortgage rates and a 10% down payment, you need to make $46,059 per year to buy the median priced home in Janesville
With this income, you could qualify for a $198,705 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Janesville is $1,067
The median household income for Janesville, WI (Rock County) is $67,055
Based on this income, you can afford a home valued at approximately $321,427
The home price you can afford to buy based on household income in Janesville is 146% of the median home value which means housing prices are average. Janesville (Rock County) ranks 45 out of 72 counties in Wisconsin and 2,005 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Janesville, WI is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Janesville (Rock County) below.
Conforming loan limits for Janesville, WI
FHA loan limits for Janesville, WI
VA loan limits for Janesville, WI