Wednesday, January 13, 2021

Green Bay, WI Housing Market Trends Guaranteed Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Green Bay Wisconsin was 2.96% according to Census ACS data. As of December 18, 2022, the average rent for a 1-bedroom apartment in Green Bay, WI is $795. Compared to last year, the average rent price has remained flat. The proportion of homes and apartments in the city built within a certain time period.

average home price in green bay wi

Drought risk is based on water stress, which estimates how much of the future water supply will be used for human purposes, like watering the lawn. Fire risk estimates the risk of wildfires, based on the likelihood of burning in the future and the potential size and severity of a fire. Heat risk estimates how much climate change might increase the typical number of hot days in a year and the likelihood of extreme heat and heatwaves.

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One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Green Bay differ in their investment potential, sometimes by a great deal. Mortgages on properties financed by government-insured loans, such as FHA or VA mortgages, are excluded, as are properties with mortgages whose principal amount exceeds the conforming loan limit. Mortgage transactions on condominiums or multi-unit properties are also excluded. As such, NeighborhoodScout does not produce appreciation rates for neighborhoods that consist solely of renters or have no single-family homes . Recently sold homes in Green Bay, WI had a median listing home price of $237,000.

average home price in green bay wi

Can sell for about 12% above list price and go pending in around 34 days. Can sell for about 5% above list price and go pending in around 31 days. Can sell for about 9% above list price and go pending in around 35 days. This week, Packers fans will want to root for Carolina over Detroit, Kansas City over Seattle and San Francisco over Washington.

Check out our favorite affordable listings in Green Bay, WI

Analyze how the market is performing against historical data. Guaranteed Rate helps you explore Green Bay without having to leave home. The average homes sell for about 3% above list price and go pending in around 40 days. The average homes sell for about 2% above list price and go pending in around 41 days. The average homes sell for about 3% above list price and go pending in around 45 days.

average home price in green bay wi

Enhanced Cost of Living CalculatorNow includes childcare, taxes, health, housing for home owners vs renters, insurance costs and more when you upgrade to premium. Median home value is the value which has equal numbers of homes valued above and below it. The median home value is more stable than the average home value, which can be greatly affected by a few very high or very low home values. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication.

Cost of Living in Green Bay, WI

Contact (or @deptofnumbers on Twitter) if you have any questions, comments or suggestions. Is the cost of living increasing or decreasing in Green Bay? Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $2.54 in Green Bay, while getting your tires balanced will run you about $62.48. Check out the latest Maps in a variety of categories including cost of living, population, and commute time. You can also use our New Interactive Map to explore places.

Since it is less easy to get around town in Green Bay, WI a bike or car will be helpful. The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Green Bay, an optometry check-up costs around $75.17, while a dentist appointment is priced $84.25 on average. A - Value of 100 means that a family with the median income has exactly enough income to qualify for a typical mortgage on a median-priced single-family home. An index above 100 signifies that the family has surplus income. The most prevalent building size and type in Green Bay are three and four bedroom dwellings, chiefly found in single-family detached homes.

Of course, if the Packers lose, it's time to make alternate plans for January and February, and start developing those mock drafts. Data on deptofnumbers.com is for informational purposes only. No warranty or guarantee of accuracy is offered or implied.

average home price in green bay wi

With 107,395 people, 42,611 houses or apartments, and a median cost of homes of $191,483, house prices in Green Bay are solidly below the national average. This property is a rare redevelopment opportunity with a new 80 million dollar development project located 1 block away. Property has a total of 6,767 sqft w/large 15 car parking lot.

Our data are calculated and updated every three months for each neighborhood, city and town, approximately two months after the end of the previous quarter. Each quarter, Fannie Mae and Freddie Mac provide their most recent mortgage transactions to the FHFA. These data are combined with the data of the previous 29 years to establish price differentials on properties where more than one mortgage transaction has occurred. These resultant neighborhood appreciation rates are a broad measure of the movement of single-family house prices.

The appreciation rates serve as an accurate indicator of house price trends at the neighborhood level. Neighborhood appreciation rates from NeighborhoodScout are based on both median house value data reported by respondents via the U.S. Bureau of the Census, and a weighted repeat sales index, meaning that they measure average price changes in repeat sales or refinancings on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac . Then proprietary algorithms developed by Dr. Schiller, NeighborhoodScout's founder, are applied to produce neighborhood appreciation rates.

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