Green Bay, WI
⚖️ Balanced Market📊 Fundamental Scores
🎯 The Bottom Line
Green Bay shows balanced market with moderate growth and stable demand. The 23.6x price-to-rent ratio suggests renting is financially smarter than buying for most investors.
📈 Price History
📊 Market Activity
📈 Market Analysis
Market Cycle
The market is in a stable phase with a 5.2% YoY price increase indicating steady appreciation without overheating. The 50 DOM shows homes move at a moderate pace, balancing buyer and seller leverage. Inventory levels are tight but manageable, supporting consistent demand without speculative bubbles.
Supply & Demand
With 2.4 months of supply, the market leans slightly toward sellers but remains balanced. New listings (69) and sales (70) are nearly equal, showing healthy turnover. The 42.9% of homes off-market within two weeks signals strong buyer interest in available properties, preventing inventory spikes.
Pricing Power
Sellers hold slight pricing power with a 98.8% sale-to-list ratio, though 13.3% of listings see price drops, indicating some negotiation room. The $268,837 median price is accessible relative to regional averages, supporting demand from first-time buyers and investors seeking value.
Green Bay, WI Housing Market Forecast 2026–2028
🔮 Green Bay Price Forecast 2026–2028
Green Bay, WI Housing Market Forecast 2026–2028
Looking at the Green Bay housing market forecast through 2028, the area shows signs of cooling from its extraordinary run, yet fundamentals remain solid. While the 5-year price change of 56.0% is staggering, the forward trajectory is likely to moderate. A current price-to-rent ratio of 23.6× suggests that renting is financially preferable for now, which may temper buyer demand. With days on market sitting at 50, the frantic pace is easing, and the market temperature of 60/100 indicates a shift toward equilibrium rather than a frenzy. The key question many are asking is will Green Bay home prices drop; the data suggests a plateau or modest single-digit appreciation is more probable than a sharp decline, supported by the area's solid risk grade of A.
The Green Bay real estate Green Bay 2027 outlook hinges on local economic drivers and affordability constraints. The region's economy, anchored by manufacturing and the Green Bay Packers, provides a stable employment base, but the 23.6× ratio versus the national average of 18x indicates prices have stretched ahead of local wage growth. Affordability is becoming a genuine barrier, which could cap further gains. However, the 5.2% year-over-year price change shows resilience, and the 9.1% five-year CAGR demonstrates sustained underlying demand. Growth in logistics and healthcare sectors may support housing needs, but without significant income growth, the market is unlikely to see the explosive returns of the past five years. This Green Bay housing market forecast anticipates a period of stabilization.
Disclaimer: This forecast is a statistical projection based on historical price trends and should not be considered financial advice. Actual market outcomes may vary due to economic conditions, interest rates, local regulations, and other factors.
🏠 Rent vs Buy Analysis
Monthly Costs
Renting at $841/mo is significantly cheaper than owning at the median price. With a 20% down payment and 7% mortgage rate, monthly ownership costs (PITI + maintenance) exceed $1,800, making renting the clear financial choice for cash-flow-conscious individuals.
5-Year View
Appreciation at 5.2% YoY could add ~$75k in equity over five years, but high carrying costs and a 23.6x P/R ratio limit net gains. Renters can invest the savings, potentially outperforming real estate returns in a diversified portfolio.
When to Rent
- Priority is cash flow and flexibility
- Unable to cover 20% down payment
- Seeking lower monthly expenses
- Uncertain about long-term location commitment
When to Buy
🧮 Can You Afford Green Bay? Interactive Calculator
Income Reality Check
Can you actually afford Green Bay?
Great! At 27.6%, this mortgage falls within healthy financial limits. You have strong purchasing power in Green Bay.
💰 Investment Thesis
Cash Flow
At a 23.6x price-to-rent ratio, direct cash flow is challenging. A $268k property renting for $841 yields ~3.7% gross yield, insufficient to cover expenses and mortgage. Investors should target properties below $200k or value-add strategies to achieve positive cash flow.
House Hacking
House hacking is viable with the 50 DOM and balanced market. Buying a duplex or single-family with rental potential can offset costs. The 98.8% sale-to-list ratio means negotiate aggressively; targeting 13.3% of listings with price drops can improve entry points.
Target Investor
Best for long-term buy-and-hold investors seeking stability over high returns. The 5.2% YoY appreciation and A risk rating appeal to risk-averse investors. Avoid short-term flippers due to moderate appreciation and high entry costs.
🏘️ House Hacking Calculator Interactive Calculator
House Hacking CalculatorOwner-Occupied Multi-Fam
🗺️ Neighborhood Breakdown
Entry-Level
Areas like Allouez and De Pere offer homes under $250k with strong rental demand. The 2.4 months supply keeps competition moderate. These neighborhoods attract first-time buyers and renters, supporting steady appreciation and occupancy rates.
Mid-Range
Green Bay's central neighborhoods (e.g., Ashwaubenon) feature homes $250k-$350k. The 50 DOM and 98.8% sale-to-list ratio indicate stable demand. Ideal for house hackers seeking duplexes or single-family rentals with moderate cash flow potential.
Premium
Howard and Suamico offer premium properties above $350k. With 13.3% price drops, some negotiation exists. These areas attract long-term homeowners but offer lower rental yields, making them less ideal for pure investment unless targeting high-end rentals.