Green Bay, WI—54304
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 $283,000, 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 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $283,000 | 7.6% |
| Single Family | $282,000 | 7.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $218,000 | 11.2% |
3 Bed | $275,000 | 6.6% |
4 Bed | $313,000 | 6.5% |
| 5 Bed | $337,000 | 5.3% |
% of Housing Stock
Rental Trends — Green Bay, WI
As of July '25, Rentcast reports the average rent in Green Bay, WI is $1,510, with a year-over-year rent change of -6.8%. Per bedroom, the median rent as of July '25 in Green Bay, WI is 1-bedrooms: $981, 2-bedrooms: $1,490, 3-bedrooms: $2,070, 4-bedrooms: $3,250. The most common rental property sizes in Green Bay, WI are 2-bedroom and 1-bedroom, accounting for 48.5% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,510 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $975 | $981 |
| 2 Bed Rent | $1,350 | $1,490 |
| 3 Bed Rent | $2,000 | $2,070 |
| 4 Bed Rent | $2,500 | $3,250 |
% 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 39. This is a decrease of -9.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $775,000 | -1.0% |
Listing Count | 103 | 1.0% |
| Listings as % of Homes | 0.9% | 1.0% |
Days on Market | 39 | -9.0% |
Demographics — Green Bay, WI
As of the latest ACS Survey released in 2023, Green Bay, WI has a population of 27,900, which has remained stable by 1.0% over the past 5 years. Green Bay, WI is a moderately popular place for families, as children make up 21.0% of the population. The area has a moderately educated workforce, with 28.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,900 | 1.0% |
% Under 18 | 21.0% | -2.3% |
% Seniors | 16.7% | -5.6% |
% WFH | 10.1% | 134.9% |
% w/ College Degree | 28.0% | 14.3% |
As of the latest ACS Survey released in 2023, Green Bay, WI is a predominantly white area, with 71.3% of the population identifying as white. The white population has shrunk by 12.0% in the last 5 years. The second most common race or ethnicity in Green Bay, WI is hispanic, making up 10.0% of the population. Foreign-born residents account for 5.5% of the population in Green Bay, WI, and this percentage has increased by 22.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.3% | -12.0% |
% Black | 2.9% | -3.3% |
% Hispanic | 10.0% | 127.3% |
% Asian | 5.5% | 25.0% |
% Foreign Born | 5.5% | 22.2% |
Mortgage and Risk — Green Bay, WI
According to HUD data as of 2023, there were 690 mortgage originations in Green Bay, WI, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 23.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 690 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% 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 11.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Green Bay, WI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 626 |
Total Units Section 8 | 602 |
% Rentals under Section 8 | 11.1% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$75 | $975 | $900 |
| 2 Bedroom | -$230 | $1,350 | $1,120 |
| 3 Bedroom | -$510 | $2,000 | $1,490 |
| 4 Bedroom | -$980 | $2,500 | $1,520 |
Affordability — Green Bay, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $283,000 |
| Median Household Income | $60,400 |