Green Bay, WI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Green Bay, WI Housing Market Trends

With 104,578 people, 42,430 houses or apartments, and a median cost of homes of $145,249, house prices in Green Bay are solidly below the national average.

Single-family detached homes are the single most common housing type in Green Bay, accounting for 57.49% of the city's housing units. Other types of housing that are prevalent in Green Bay include large apartment complexes or high rise apartments ( 22.77%), duplexes, homes converted to apartments or other small apartment buildings ( 13.79%), and a few row houses and other attached homes ( 4.97%).

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.

There is a lot of housing in Green Bay built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Green Bay built between 1940-1969 ( 33.80%). A lesser amount of the housing stock also hails from before 1939 ( 15.97%). There's also some housing in Green Bay built between 2000 and later ( 9.20%).

Green Bay Home Appreciation Rates

Real estate appreciation rates in Green Bay's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.51% during the period.

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 3.78%, 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 1.89%, which equates to an annual appreciation rate of 7.77%.

Relative to Wisconsin, our data show that Green Bay's latest annual appreciation rate is lower than 90% 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 2000, to assist you in making the best Green Bay real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$145,249

Green Bay, WI HOME PRICES

> $1,179,000
0.3%
0.3%
$884,001 - $1,179,000
0.1%
0.1%
$589,001 - $884,000
1.1%
1.1%
$472,001 - $589,000
1.2%
1.2%
$354,001 - $472,000
3.5%
3.5%
$236,001 - $354,000
11.4%
11.4%
$118,001 - $236,000
54.9%
54.9%
$59,001 - $118,000
24.1%
24.1%
$0 - $59,000
3.3%
3.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Very Low for WI

Value Relative To Nation

Number Of Homes And Apartments:
42,430

Green Bay Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
40.80% 1.64%
2
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$936 / per month

Homeownership Rate

Owners
53.7%
53.7%
Renters
46.3%
46.3%
Vacant
5.0%
5.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.2%
9.2%
1970 - 1999
41.0%
41.0%
1940 - 1969
33.8%
33.8%
1939 or Older
16.0%
16.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
57.5%
57.5%
Townhomes
5.0%
5.0%
Small Apt. Buildings
13.8%
13.8%
Apt. Complexes
22.8%
22.8%
Mobile Homes
0.9%
0.9%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.4%
2.4%
1 Bedroom
13.5%
13.5%
2 Bedrooms
33.4%
33.4%
3 Bedrooms
36.0%
36.0%
4 Bedrooms
12.1%
12.1%
5 or more bedrooms
2.7%
2.7%
0.0% 100.0%
% OF HOMES