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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 107,015 people, 43,887 houses or apartments, and a median cost of homes of $210,871, 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 58.76% of the city's housing units. Other types of housing that are prevalent in Green Bay include large apartment complexes or high rise apartments ( 20.73%), duplexes, homes converted to apartments or other small apartment buildings ( 13.85%), and a few row houses and other attached homes ( 5.86%).
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 ( 34.96%). A lesser amount of the housing stock also hails from before 1939 ( 14.73%). There's also some housing in Green Bay built between 2000 and later ( 9.30%).
Appreciation rates for homes in Green Bay have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.17%, which ranks in the top 40% nationwide. This equates to an annual average Green Bay house appreciation rate of 6.53%.
Appreciation rates are so strong in Green Bay that despite a nationwide downturn in the housing market, Green Bay real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Green Bay appreciation rates continue to be some of the highest in America, at 8.86%, which is higher than appreciation rates in 89.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Green Bay. Green Bay appreciation rates in the latest quarter were at 0.95%, which equates to an annual appreciation rate of 3.87%.
Notably, Green Bay's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Wisconsin, our data show that Green Bay's latest annual appreciation rate is higher 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.
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