Green Bay, WI
Housing Market Screening

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.