Green Bay, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Green Bay Neighborhoods Since 2000




Green Bay, WI Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Green Bay Housing Market Information

With a population of 105,207, 42,308 total housing units (homes and apartments), and a median house value of $132,285, 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 57.19% of the city's housing units. Other types of housing that are prevalent in Green Bay include large apartment complexes or high rise apartments ( 20.98%), duplexes, homes converted to apartments or other small apartment buildings ( 16.18%), and a few row houses and other attached homes ( 4.72%).

The most prevalent building size and type in Green Bay are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.42% owning and 44.58% renting.

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 ( 35.14%). A lesser amount of the housing stock also hails from before 1939 ( 17.91%). There's also some housing in Green Bay built between 2000 and later ( 7.92%).

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 -0.52% during the period.

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 6.94%, which is higher than appreciation rates in 80.98% 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 2.24%, which equates to an annual appreciation rate of 9.25%.

Importantly, this makes Green Bay one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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.

Average Home Values

 

Median Home Value:
$132,285

Green Bay, WI HOME PRICES

Value Range
> $1,110,000 0.2
$832,001 - $1,110,000 0.2
$555,001 - $832,000 0.6
$444,001 - $555,000 0.6
$333,001 - $444,000 2.8
$222,001 - $333,000 9.6
$111,001 - $222,000 55.6
$56,001 - $111,000 26.0
$0 - $56,000 4.3

Very Low for WI
Average for Nation

Value Relative to Nation Value Relative to State
58.6194773233329 83.7782340862423

Number Of Homes And Apartments:
42,308

Green Bay Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
15.44% 0.84% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$778 / per month

Homeownership Rate

Homeownership
Owners 55.42
Renters 44.58
Vacant 6.09

Housing Market Details

 

Age of Homes

AGE OF Green Bay HOMES
2000 or Newer 7.9
1970 - 1999 39.0
1940 - 1969 35.1
1939 or Older 17.9

Types of Homes

TYPE OF Green Bay HOMES
Single-Family 57.2
Townhomes 4.7
Small Apt. Buildings 16.2
Apt. Complexes 21.0
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Green Bay HOMES
No Bedroom 1.70
1 Bedroom 14.82
2 Bedrooms 32.30
3 Bedrooms 36.31
4 Bedrooms 12.70
5 or more bedrooms 2.17