Location: Green Bay, WI | Metro: Green Bay, WI HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,130 | $211,506 | 0.53% | F |
| 3BR | $1,490 | $269,113 | 0.55% | F |
| 4BR | $1,550 | $333,420 | 0.46% | F |
| 5BR | $1,798 | $369,757 | 0.49% | F |
U.S. Census Bureau data (2024)
The real estate market in Green Bay, WI (ZIP 54302), presents a nuanced scenario for landlords and small-portfolio investors. With a median home value of $252,047, the area maintains a stable position that reflects both affordability and desirability. The fact that only 0.2% of listings have reduced their asking price indicates a strong seller's market where pricing power remains firmly in the hands of property owners. This low percentage of reductions suggests that homes are selling at or near their initial asking prices, which is a positive sign for maintaining or slightly increasing property values.
The median days on market (DOM) being listed as N/A could imply either a very quick sale process or an insufficient sample size to calculate a reliable average. In either case, it aligns with the notion of a robust market where homes are not lingering unsold. This quick turnover supports the idea that demand exceeds supply, further bolstering the pricing power of landlords and homeowners.
On the rental side, the Fair Market Rent (FMR) for ZIP 54302 in fiscal year 2024 is projected to be $940, while the current market rate, as indicated by ZORI, stands at $987. This slight premium suggests that landlords can maintain competitive rents without significant adjustments. However, the gap between FMR and market rates also implies that there might be pressure to reduce rents if the market adjusts to meet government projections.
For long-term investors, the setup in Green Bay signals a market with limited potential for significant appreciation. The stable median home value and the minimal reduction in listing prices suggest that the market is neither overheating nor cooling drastically. Instead, it appears to be in a phase of consolidation, where property values will likely remain steady rather than experience rapid growth.
In summary, the current median home value, the low percentage of price reductions, and the slight premium in market rents over FMR indicate a balanced market with moderate pricing power. Landlords and small-portfolio investors should expect steady returns from rentals and modest, if any, appreciation in property values over the next 12-24 months.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.