Rent, population, and median household income are important factors to consider for a 1031 exchange in Janesville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Janesville, Wisconsin is a part of the Janesville-Beloit, WI metropolitan area, and contains 4 zip codes: 53545, 53548, 53547, and 53646.
Janesville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Janesville, WI metropolitan area was $772, which is 11.72% lower than 2014 average rent. This represents a compounded annual growth rate of 2.24%. 2019 vacancy in Janesville, WI was 1.60%.
The total population of the city of Janesville, WI has grown 1.56% since 2010. As of 2018, the population was 64,565. The median household income of the Janesville was $54,573, which is 9.49% lower than the national average.
- metropolitan area Janesville-Beloit, WI
- avg rent $772
- rent growth 11.72%
- vacancy 1.60%
- median income $54,573
- population (2018) 64,565
- population growth 1.56%
- vs. nat'l avg 9.49%
- zip codes 53545 53646 53547 53548