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Janesville city, IA

ZIP 50647 — 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 50647

Median Home Value
$278,200
Median Rent
$475
Affordability Snapshot
$77,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,787/mo PITI).

6%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

48.8 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 50647 in Janesville city, IA, a household would need roughly $77,000 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 $1,787. That sits below the local median household income ($98,052), 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

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
94.1%+44% vs US avg
x
Vacancy Rate
10.5%+2% vs US avg
x
Broadband Access
94.5%+9% vs US avg
x
4+ Bedrooms
5.0%-66% vs US avg
x
Built Pre-1939
1.8%-86% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
6.3%-87% vs US avg
x
Mortgage-Free
26.7%-30% vs US avg
x
$278,200
Home Value
$475
Rent
1976
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached91.5%
  • 1-unit attached1.9%
  • 2-9 units3.0%
  • 10+ units0.3%
  • Mobile home & other3.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$278,200
Median rent$475
Owner-occupied94.1%
Vacant10.5%
Price-to-income2.8x
Est. income to buy$77,000