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 | $940 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,240 | $232,957 | 0.53% | F |
| 3BR | $1,630 | $293,626 | 0.56% | F |
| 4BR | $1,700 | $333,402 | 0.51% | F |
| 5BR | $1,972 | $359,290 | 0.55% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 54304, Green Bay, WI, reveals a nuanced scenario that both landlords and small-portfolio investors should consider. The median home value stands at $289,038, indicating a relatively stable housing market. With only 0.1% of listings having reduced their prices, it's evident that sellers maintain significant pricing power, suggesting that homes are likely to hold their value or even appreciate slightly over the next 12-24 months.
The median Days on Market (DOM) being not applicable (N/A) could imply that homes are selling quickly, often before reaching a typical DOM threshold. This quick turnover supports the notion of strong seller's market conditions, where demand outstrips supply. Consequently, landlords and investors can expect to see steady rental income without the need for frequent price adjustments.
On the rental side, the Federal Market Rent (FMR) for ZIP 54304 in fiscal year 2024 is projected to be $1,040, while the Zillow Observed Rental Index (ZORI) currently stands at $1,291. This indicates a gap between government-subsidized rents and market rates, which is particularly relevant for Section 8 landlords. The higher market rate suggests that landlords can command rents above the subsidized levels, but they must also be prepared to compete with the subsidized rental market for tenants.
For long-term investors, the setup implies a realistic appreciation thesis based on the current market dynamics. The stability in home values coupled with a slight increase in demand signals a modest growth potential. However, the appreciation is expected to be gradual rather than explosive, aligning with the broader economic trends in Green Bay. Investors should focus on maintaining properties and managing costs efficiently to maximize returns.
In summary, the data points to a resilient market with sustained pricing power for sellers and landlords. While there isn't a robust case for rapid appreciation, the combination of stable home values and competitive rental rates offers a solid foundation for long-term investment strategies in ZIP 54304.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.