Green Bay Wisconsin Residential Rent and Rental Statistics
The median monthly gross residential rent in Green Bay, WI (the Green Bay metro area) was $788 in 2019 according to the Census ACS survey.1 Average gross rent in Green Bay was $810 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Green Bay median and average rent data will be released in September of 2021.
Data is also available below for Green Bay rental vacancy rates, Green Bay rent as a percent of median income and the fraction of renters in Green Bay.
Real Gross Rent in Green Bay Wisconsin (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Wisconsin Median Gross Rent | $867 | +0.58% | +3.21% |
| Green Bay, WI Median Gross Rent | $788 | -3.31% | +2.07% |
Green Bay, WI Real Gross Rent Trends
Median gross rent for Green Bay peaked in real terms in 2018 at $815 and is now $27 (3.31%) lower. At $810, real average gross rent in Green Bay was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Green Bay: Green Bay WI Median, Green Bay WI Average, Wisconsin Median, US Median
Real Gross Rent History for Green Bay
| Date | US Median |
Wisconsin Median |
Green Bay, WI Median |
Green Bay, WI Average |
|---|---|---|---|---|
| 2019 | $1,097 | $867 | $788 | $810 |
| 2018 | $1,077 | $862 | $815 | $794 |
| 2017 | $1,043 | $844 | $770 | $787 |
| 2016 | $1,027 | $840 | $772 | $770 |
| 2015 | $1,017 | $840 | $754 | $752 |
| 2014 | $986 | $826 | $731 | $737 |
| 2013 | $953 | $798 | $743 | $767 |
| 2012 | $940 | $790 | $726 | $739 |
| 2011 | $941 | $798 | $702 | $706 |
| 2010 | $955 | $799 | $736 | $740 |
| 2009 | $960 | $807 | $728 | $733 |
| 2007 | $927 | $791 | $741 | $753 |
| 2005 | $910 | $804 | $773 | $769 |
Green Bay Rental Vacancy 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.
Rental Vacancy Rate in Green Bay Wisconsin
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Wisconsin | 4.93% | -0.46% | +0.08% |
| Green Bay, WI | 2.96% | -2.53% | -1.27% |
Trends in Green Bay, WI Rental Vacancy Rate
The rental vacancy rate in Green Bay peaked in 2010 at 8.85%. Since then it has fallen by 5.89% to 2.96%. Data records for this series originated in 2005. From a 2017 post peak low of 2.27%, the rental vacancy rate has increased by 0.69%.
Rental Vacancy Rate: Green Bay WI, Wisconsin, US
Historical Rental Vacancy Rate data for Green Bay
| Date | US | Wisconsin | Green Bay, WI |
|---|---|---|---|
| 2019 | 5.97% | 4.93% | 2.96% |
| 2018 | 6.15% | 5.39% | 5.49% |
| 2017 | 6.18% | 5.20% | 2.27% |
| 2016 | 5.89% | 4.85% | 4.23% |
| 2015 | 5.85% | 4.67% | 2.46% |
| 2014 | 6.32% | 4.64% | 5.14% |
| 2013 | 6.49% | 5.22% | 5.65% |
| 2012 | 6.77% | 5.48% | 5.39% |
| 2011 | 7.40% | 5.17% | 5.28% |
| 2010 | 8.17% | 6.16% | 8.85% |
| 2009 | 8.43% | 5.86% | 5.43% |
| 2007 | 7.87% | 6.83% | 7.12% |
| 2005 | 7.74% | 6.49% | 7.05% |
Rent as a Fraction of Income
Using median household income data for Green Bay, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Green Bay, median monthly gross rent as a fraction of median household income was 14.54% in 2019 according to the ACS.
Green Bay Wisconsin Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Wisconsin | 16.21% | -0.51% | -0.73% |
| Green Bay, WI | 14.54% | -1.11% | -0.70% |
Trends in Green Bay, WI Rent as a Fraction of Income
The fraction of median Green Bay household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 16.56%. Since then it has fallen by 2.02% to 14.54%.
Fraction of Income towards Rent: Green Bay WI, Wisconsin, US
Historical Data for Annual Rent as a Fraction of Income in Green Bay Wisconsin
| Date | US | Wisconsin | Green Bay, WI |
|---|---|---|---|
| 2019 | 20.03% | 16.21% | 14.54% |
| 2018 | 20.50% | 16.72% | 15.65% |
| 2017 | 20.13% | 16.57% | 14.83% |
| 2016 | 20.43% | 16.94% | 15.25% |
| 2015 | 20.63% | 17.08% | 15.56% |
| 2014 | 20.89% | 17.83% | 15.61% |
| 2013 | 20.78% | 17.67% | 16.56% |
| 2012 | 20.65% | 17.46% | 16.12% |
| 2011 | 20.70% | 17.60% | 14.79% |
| 2010 | 20.50% | 17.51% | 16.13% |
| 2009 | 20.12% | 16.99% | 15.24% |
| 2007 | 18.66% | 15.97% | 14.72% |
| 2005 | 18.89% | 16.38% | 15.51% |
Renter Fraction in Green Bay Wisconsin
You can calculate the renter fraction in Green Bay in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Green Bay as a fraction of total Green Bay households. In 2019 34.82% of households were renters according to Census ACS data.
Green Bay Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Wisconsin | 32.80% | -0.06% | -0.54% |
| Green Bay, WI | 34.82% | +4.56% | +3.41% |
Trends in the Green Bay, WI Renter Fraction
At 34.82%, the 2019 household based renter fraction in Green Bay was at its highest level. The origin year for the series is 2005.
Fraction of Renting Households: Green Bay WI, Wisconsin, US
History of Green Bay Renter Fraction
| Date | US | Wisconsin | Green Bay, WI |
|---|---|---|---|
| 2019 | 35.89% | 32.80% | 34.82% |
| 2018 | 36.05% | 32.86% | 30.26% |
| 2017 | 36.13% | 33.39% | 33.23% |
| 2016 | 36.88% | 33.34% | 31.41% |
| 2015 | 36.97% | 33.21% | 31.76% |
| 2014 | 36.90% | 33.40% | 31.85% |
| 2013 | 36.50% | 32.82% | 32.42% |
| 2012 | 36.09% | 32.71% | 32.04% |
| 2011 | 35.42% | 32.15% | 28.23% |
| 2010 | 34.65% | 31.30% | 30.55% |
| 2009 | 34.13% | 31.02% | 29.82% |
| 2007 | 32.80% | 29.92% | 31.41% |
| 2005 | 33.10% | 29.88% | 31.83% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
