Green Bay appreciation rates and housing market information

Green Bay housing market information

With 102,368 people, 43,161 houses or apartments, and a median cost of homes of $146,079, Green Bay real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Green Bay, accounting for 54.97% of the city's housing units. Other types of housing that are prevalent in Green Bay include large apartment complexes or high rise apartments (20.03%), duplexes, homes converted to apartments, or other small apartment buildings (18.97%), row houses and other attached homes (4.99%), and a few mobile homes or trailers (1.02%).

People in Green Bay primarily live in small (one, two, or no bedroom) single-family detached homes. Green Bay has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Green Bay's housing was primarily built during this period, from the '40s through the '60s. A full 38.63% of the city's housing hails from this era. Other housing ages represented in Green Bay include homes built between 1970-1994 (38.41%), and housing constructed from 1939 and earlier (17.20%). There's also some housing in Green Bay built between 1995 and later (5.76%).

Green Bay home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Green Bay, where house values have increased just 39.69%, which is an average annual increase of 3.96%. NeighborhoodScout's data show that in the latest quarter, Green Bay house values appreciated -0.08%, which is an annualized rate of -0.32%. This rate is lower than the appreciation rate found in 70% of the cities and towns in America.

Over the last year, Green Bay appreciation rates have trailed the rest of the nation. In the last twelve months, Green Bay's appreciation rate has been -1.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Green Bay were at -0.08%, which equates to an annual appreciation rate of -0.32%.

Relative to Wisconsin, our data show that Green Bay's latest annual appreciation rate is higher than 26% of the other cities and towns in Wisconsin.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Green Bay differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Green Bay - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Green Bay real estate investment or home purchase decisions.