Green Bay, WI—54303
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 $237,000, with a year-over-year change of 8.6%. This indicates that home prices in Green Bay, WI are increasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $237,000 | 8.6% |
| Single Family | $237,000 | 8.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $201,000 | 9.8% |
3 Bed | $239,000 | 8.1% |
4 Bed | $251,000 | 6.4% |
| 5 Bed | $256,000 | 6.7% |
% of Housing Stock
Rental Trends — Green Bay, WI
As of July '25, Rentcast reports the average rent in Green Bay, WI is $1,110, with a year-over-year rent change of 13.8%. Per bedroom, the median rent as of July '25 in Green Bay, WI is studios: $745, 1-bedrooms: $900, 2-bedrooms: $1,050, 3-bedrooms: $1,590, 4-bedrooms: $1,720. The most common rental property sizes in Green Bay, WI are 2-bedroom and 1-bedroom, accounting for 47.3% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $999 | $1,110 |
| Studio Rent | $745 | $745 |
| 1 Bed Rent | $925 | $900 |
| 2 Bed Rent | $999 | $1,050 |
| 3 Bed Rent | $1,430 | $1,590 |
| 4 Bed Rent | $1,650 | $1,720 |
% 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 30. This is a decrease of -17.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $249,000 | 2.0% |
Listing Count | 60 | 22.0% |
| Listings as % of Homes | 0.2% | 22.0% |
Days on Market | 30 | -17.0% |
Demographics — Green Bay, WI
As of the latest ACS Survey released in 2023, Green Bay, WI has a population of 27,700, which has remained stable by -0.1% over the past 5 years. Green Bay, WI is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 18.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,700 | -0.1% |
% Under 18 | 23.6% | -6.7% |
% Seniors | 12.8% | 4.1% |
% WFH | 7.5% | 120.6% |
% w/ College Degree | 18.0% | 9.8% |
As of the latest ACS Survey released in 2023, Green Bay, WI is a predominantly white area, with 72.6% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Green Bay, WI is hispanic, making up 9.0% of the population. Foreign-born residents account for 5.2% of the population in Green Bay, WI, and this percentage has decreased by 36.6% 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 | 72.6% | 0.1% |
% Black | 4.2% | -35.4% |
% Hispanic | 9.0% | -7.2% |
% Asian | 3.2% | -28.9% |
% Foreign Born | 5.2% | -36.6% |
Mortgage and Risk — Green Bay, WI
According to HUD data as of 2023, there were 490 mortgage originations in Green Bay, WI, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Green Bay, WI. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 490 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Green Bay, WI
As of 2024, the percent of homes in Green Bay, WI under the Section 8 program is 20.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Green Bay, WI, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,349 |
Total Units Section 8 | 1,349 |
% Rentals under Section 8 | 20.3% |
% Occupied Section 8 | 80.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$105 | $925 | $820 |
| 2 Bedroom | $31 | $999 | $1,030 |
| 3 Bedroom | -$60 | $1,430 | $1,370 |
| 4 Bedroom | -$250 | $1,650 | $1,400 |
Affordability — Green Bay, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $237,000 |
| Median Household Income | $58,100 |