Department of Numbers

This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Janesville, Wisconsin Home Affordability

The data below measures home affordability for the Janesville, Wisconsin metropolitan area using price-to-income and price-to-rent metrics.1 The maximum affordable loan amount for the median household income is also calculated. You can also compare Janesville home affordability to other cities.

Janesville, Wisconsin Home Price-to-Income Ratios

The second chart shows a history of the ratio as an index calculated from the Federal Housing Finance Agency's Janesville HPI series. Median household income data for Janesville is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Janesville, Wisconsin Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 114.9
September 2013 113.9
June 2013 112.7
March 2013 113.5
December 2012 112.7
September 2012 113.3
June 2012 112.8
March 2012 112.2

Janesville, Wisconsin Home Price-to-Rent Ratios

The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Janesville median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Janesville, Wisconsin Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 90.5
September 2013 89.7
June 2013 88.8
March 2013 89.4
December 2012 88.7
September 2012 89.2
June 2012 88.8
March 2012 88.4

Janesville, Wisconsin Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Janesville, Wisconsin and calculating the mortgage 30% of that income could afford. Traditionally, 30% of income is the maximum amount a homeowner could use towards a home loan. Inferred affordable loan values are calculated from ACS median household income and average monthly mortgage rates.

Inferred Affordable Mortgage

Janesville, Wisconsin Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $232,328
January 2014 $228,785
December 2013 $227,979
November 2013 $233,434
October 2013 $235,390
September 2013 $227,177
August 2013 $227,979
July 2013 $230,410
June 2013 $238,799
May 2013 $254,769
April 2013 $257,636
March 2013 $253,824
February 2013 $255,085

1. Specifically, home prices are from the non seasonally adjusted FHFA all-transactions quarterly series. Dollar ratios are calculated using NAR metro prices when available. Rent and income data are from the Census ACS and are carried forward into the following year prior to release of the new data. ↩

Data on deptofnumbers.com is for informational purposes only. No warranty or guarantee of accuracy is offered or implied. Contact ben@deptofnumbers.com (or @deptofnumbers on Twitter) if you have any questions, comments or suggestions. Privacy policy.