Green Bay, WI—54302
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Green Bay, WI
As of Oct '25, the median home price in Green Bay, WI is $244,000, with a year-over-year change of 7.6%. This indicates that home prices in Green Bay, WI are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $244,000 | 7.6% |
| Single Family | $245,000 | 7.5% |
| Condos | $209,000 | 12.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $199,000 | 10.6% |
3 Bed | $255,000 | 7.6% |
4 Bed | $315,000 | 7.1% |
| 5 Bed | $334,000 | 7.1% |
% of Housing Stock
Rental Trends — Green Bay, WI
As of July '25, Rentcast reports the average rent in Green Bay, WI is $983, with a year-over-year rent change of 5.9%. Per bedroom, the median rent as of July '25 in Green Bay, WI is studios: $838, 1-bedrooms: $855, 2-bedrooms: $1,020, 3-bedrooms: $1,520. The most common rental property sizes in Green Bay, WI are 2-bedroom and 1-bedroom, accounting for 55.0% and 30.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $899 | $983 |
| Studio Rent | $795 | $838 |
| 1 Bed Rent | $849 | $855 |
| 2 Bed Rent | $995 | $1,020 |
| 3 Bed Rent | $1,400 | $1,520 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Green Bay, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Green Bay, WI is 27. This is a decrease of -70.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $693,000 | 0.0% |
Listing Count | 93 | -1.0% |
| Listings as % of Homes | 0.2% | -1.0% |
Days on Market | 27 | -70.0% |
Demographics — Green Bay, WI
As of the latest ACS Survey released in 2023, Green Bay, WI has a population of 31,400, which has remained stable by 0.9% over the past 5 years. Green Bay, WI is a popular place for families, as children make up 27.5% of the population. The area has a poorly educated workforce, with 19.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,400 | 0.9% |
% Under 18 | 27.5% | 5.4% |
% Seniors | 12.5% | 14.7% |
% WFH | 6.6% | 247.4% |
% w/ College Degree | 19.1% | -3.0% |
As of the latest ACS Survey released in 2023, Green Bay, WI is a predominantly white area, with 50.9% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Green Bay, WI is hispanic, making up 34.9% of the population. Foreign-born residents account for 15.3% of the population in Green Bay, WI, and this percentage has decreased by 20.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 50.9% | -4.0% |
% Black | 4.8% | 33.3% |
% Hispanic | 34.9% | 5.4% |
% Asian | 5.0% | 8.7% |
% Foreign Born | 15.3% | -20.3% |
Mortgage and Risk — Green Bay, WI
According to HUD data as of 2023, there were 399 mortgage originations in Green Bay, WI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Green Bay, WI. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 399 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Green Bay, WI
Green Bay, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 904 |
Total Units Section 8 | 903 |
% Rentals under Section 8 | 14.5% |
% Occupied Section 8 | 78.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$49 | $849 | $800 |
| 2 Bedroom | $5 | $995 | $1,000 |
| 3 Bedroom | -$70 | $1,400 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Green Bay, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $244,000 |
| Median Household Income | $55,800 |