The story of this market
The typical home in ZIP 56048 sells for about $354,000, or $185 per square foot.
Prices are up +5.5% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $871 a month.
ZIP 56048 — Janesville
The housing market in 56048 shows steady demand with rising home values, supported by a low inventory of available homes. While sales volume remains modest, the market is characterized by stable pricing and consistent interest from local buyers.
This ZIP is ideal for families and individuals seeking a quiet, rural lifestyle with affordable housing options compared to larger nearby metro areas like Mankato.
Median prices moved up 5.5% year over year.
Homes spend a median of 62 days on market with 5.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 3.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 56048, Minnesota
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Janesville generally experiences low crime rates consistent with small-town Minnesota, with no significant upward trends reported in recent local safety assessments.
The area is served by the Janesville-Waldorf-Pemberton School District, which maintains a stable reputation for providing personalized education in a rural setting.
The region faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather, with flood risks primarily localized to low-lying areas near lakes.
Economic momentum is driven by local agricultural support services and small-scale manufacturing, with steady but modest development focused on residential expansion.
Property taxes are assessed at the county level in Waseca and Blue Earth, with rates determined by local school district levies and municipal budgets; homestead exemptions are available for primary residences.
Residents primarily commute by car to employment hubs in Mankato or Waseca, with typical drive times ranging from 20 to 30 minutes.
The area features access to Lake Elysian and Lake Francis for fishing and boating, alongside local parks and community trails that serve as the primary outdoor amenities.
The rental market is characterized by low inventory and high demand for single-family rentals, with limited multi-family options available.
The local economy is anchored by agriculture, food processing, and small-business services, with many residents commuting to larger regional employers in Mankato.
Development is primarily focused on small-scale residential infill and maintenance of existing infrastructure.
Parcels are subject to school district levies for Janesville-Waldorf-Pemberton and county-level property tax assessments.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in Southern Minnesota.
Data retrieved from US Census Bureau ACS tables for ZCTA 56048.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Popular destination for fishing, boating, and seasonal recreation.
Central community space with playgrounds and picnic facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.