Home Values in Green Bay, Wisconsin — 2026 Market Report
Updated March 2026 | Buyer's Market | +3.7% YoY
The median home value in Green Bay, Wisconsin is $215,000 as of March 2026, which is below the national median of $400,000. Home values in Green Bay have increased by 3.7% over the past year and 19.9% over the last five years. With a population of 107,395 and a median household income of $48,250, the price-to-income ratio stands at 4.5x, making Green Bay affordable for the average household.
Green Bay Housing Market Conditions
| Metric | Green Bay | National Avg |
|---|---|---|
| Median Home Value | $215,000 | $400,000 |
| YoY Appreciation | +3.7% | +3.8% |
| 5-Year Appreciation | +19.9% | +22.4% |
| Price per Sq Ft | $76 | $222 |
| Days on Market | 48 days | 45 days |
| Months of Supply | 5 | 3.5 |
| List-to-Sale Ratio | 97.6% | 98.5% |
| Monthly Homes Sold | 92 | — |
| Foreclosure Rate | 0.71% | 0.3% |
Home Value Trends in Green Bay
A homeowner who purchased at the median price of $179,316 five years ago in Green Bay would have gained approximately $35,684 in equity, representing a 19.9% return on investment. Over the past year alone, the typical homeowner gained $7,671 in home equity.
Affordability in Green Bay, WI
With a median household income of $48,250 and a median home price of $215,000, the price-to-income ratio in Green Bay is 4.5x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,235 compared to estimated monthly ownership costs of $1,337 gives a rent-vs-buy ratio of 1.08. In Green Bay, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Green Bay
The effective property tax rate in Wisconsin is 1.76%. On a home valued at $215,000, the estimated annual property tax bill is $3,784, or approximately $315/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Green Bay is 87.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Green Bay, WI?
The median home value in Green Bay, Wisconsin is $215,000 as of March 2026. Home values have changed +3.7% over the past year, with a 5-year appreciation of 19.9%.
Is Green Bay a buyer's or seller's market?
Green Bay is currently a buyer's market with 5 months of housing supply. Homes spend an average of 48 days on market, and the list-to-sale price ratio is 97.6%. Supply and demand are relatively balanced.
Are home values going up in Green Bay?
Yes, home values in Green Bay have increased by 3.7% over the past year. The 5-year appreciation rate is 19.9%, meaning a home worth $179,316 five years ago is now worth $215,000.
Is it better to rent or buy in Green Bay?
The average monthly rent in Green Bay is $1,235, while estimated monthly homeownership costs are approximately $1,337. The price-to-rent ratio is 14.5. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Green Bay, Wisconsin is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.