Green Bay, WI—54311
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 $376,000, with a year-over-year change of 3.8%. This indicates that home prices in Green Bay, WI are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $376,000 | 3.8% |
| Single Family | $378,000 | 3.6% |
| Condos | $337,000 | 3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $328,000 | 4.8% |
3 Bed | $359,000 | 4.4% |
4 Bed | $423,000 | 3.9% |
| 5 Bed | $507,000 | 3.9% |
% of Housing Stock
Rental Trends — Green Bay, WI
As of July '25, Rentcast reports the average rent in Green Bay, WI is $1,270, with a year-over-year rent change of 18.7%. Per bedroom, the median rent as of July '25 in Green Bay, WI is 1-bedrooms: $885, 2-bedrooms: $1,250, 3-bedrooms: $1,510, 4-bedrooms: $2,500. The most common rental property sizes in Green Bay, WI are 2-bedroom and 3-bedroom, accounting for 57.1% and 18.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $879 | $885 |
| 2 Bed Rent | $1,200 | $1,250 |
| 3 Bed Rent | $1,500 | $1,510 |
| 4 Bed Rent | $2,500 | $2,500 |
% 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 44. This is a decrease of -4.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $519,000 | 16.0% |
Listing Count | 96 | 6.0% |
| Listings as % of Homes | 0.5% | 6.0% |
Days on Market | 44 | -4.0% |
Demographics — Green Bay, WI
As of the latest ACS Survey released in 2023, Green Bay, WI has a population of 37,600, which has increased by 5.3% over the past 5 years. Green Bay, WI is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 33.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,600 | 5.3% |
% Under 18 | 22.0% | -0.5% |
% Seniors | 17.2% | 17.0% |
% WFH | 10.6% | 158.5% |
% w/ College Degree | 33.3% | -3.5% |
As of the latest ACS Survey released in 2023, Green Bay, WI is a predominantly white area, with 80.0% 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 9.6% of the population. Foreign-born residents account for 5.5% of the population in Green Bay, WI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.0% | -4.0% |
% Black | 2.8% | 133.3% |
% Hispanic | 9.6% | 10.3% |
% Asian | 3.2% | -25.6% |
% Foreign Born | 5.5% | 0.0% |
Mortgage and Risk — Green Bay, WI
According to HUD data as of 2023, there were 715 mortgage originations in Green Bay, WI, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Green Bay, WI. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 715 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
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 8.7%. 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. 1-bedroom and 2-bedroom and 3-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 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 394 |
Total Units Section 8 | 394 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $91 | $879 | $970 |
| 2 Bedroom | $10 | $1,200 | $1,210 |
| 3 Bedroom | $100 | $1,500 | $1,600 |
| 4 Bedroom | -$860 | $2,500 | $1,640 |
Affordability — Green Bay, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $376,000 |
| Median Household Income | $83,200 |