Department of Numbers

Green Bay Wisconsin Residential Rent and Rental Statistics

The median monthly gross residential rent in Green Bay, WI (the Green Bay metro area) was $737 in 2016 according to the Census ACS survey.1 Average gross rent in Green Bay was $735 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Green Bay median and average rent data will be released in September of 2018.

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.

Show dollars as: Nominal Real

Real Gross Rent in Green Bay Wisconsin (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Wisconsin Median Gross Rent $802 0.00% +5.25%
Green Bay, WI Median Gross Rent $737 +2.36% +3.80%

Green Bay, WI Real Gross Rent Trends

Median gross rent for Green Bay peaked in real terms in 2006 at $759 and is now $22 (2.90%) lower. From a recent low of 670.0 in 2011, real median gross rent has now increased by $67 (10.00%). Average gross rent for Green Bay peaked in real terms in 2006 at $746 and is now $11 (1.47%) lower. From a recent low of 675.0 in 2011, real average gross rent has now increased by $60 (8.89%).

Real Gross Rent in Green Bay: Green Bay WI Median, Green Bay WI Average, Wisconsin Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Green Bay

Date US
Median
Wisconsin
Median
Green Bay, WI
Median
Green Bay, WI
Average
2016 $981 $802 $737 $735
2015 $972 $802 $720 $718
2014 $942 $788 $698 $704
2013 $910 $762 $710 $732
2012 $898 $755 $693 $706
2011 $898 $762 $670 $675
2010 $912 $763 $703 $706
2009 $916 $771 $696 $700
2008 $932 $796 $692 $701
2007 $885 $755 $708 $719
2006 $895 $772 $759 $746
2005 $869 $768 $738 $734

Green Bay Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Green Bay Wisconsin was 4.23% according to Census ACS data.

Rental Vacancy Rate in Green Bay Wisconsin

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Wisconsin 4.85% +0.18% -0.37%
Green Bay, WI 4.23% +1.77% -1.42%

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 4.62% to 4.23%. Data records for this series originated in 2005. From a 2015 post peak low of 2.46%, the rental vacancy rate has increased by 1.77%.

Rental Vacancy Rate: Green Bay WI, Wisconsin, US

Rental vacancy rate in Wisconsin

Historical Rental Vacancy Rate data for Green Bay

Date US Wisconsin Green Bay, WI
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%
2008 7.86% 6.26% 6.48%
2007 7.87% 6.83% 7.12%
2006 7.70% 7.18% 7.22%
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 15.25% in 2016 according to the ACS.

Green Bay Wisconsin Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Wisconsin 16.94% -0.14% -0.73%
Green Bay, WI 15.25% -0.31% -1.32%

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 1.32% to 15.25%.

Fraction of Income towards Rent: Green Bay WI, Wisconsin, US

Percent of median household income going towards median monthly gross rent in Green Bay Wisconsin

Historical Data for Annual Rent as a Fraction of Income in Green Bay Wisconsin

Date US Wisconsin Green Bay, WI
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%
2008 19.00% 16.22% 13.98%
2007 18.66% 15.97% 14.72%
2006 18.90% 16.19% 15.74%
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 2016 31.41% of households were renters according to Census ACS data.

Green Bay Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Wisconsin 33.34% +0.13% +0.52%
Green Bay, WI 31.41% -0.35% -1.01%

Trends in the Green Bay, WI Renter Fraction

The Green Bay household renter fraction peaked in in 2013 at 32.42% and is now 1.01% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Green Bay WI, Wisconsin, US

Fraction of renters in Green Bay

History of Green Bay Renter Fraction

Date US Wisconsin Green Bay, WI
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%
2008 33.36% 29.87% 28.22%
2007 32.80% 29.92% 31.41%
2006 32.73% 29.55% 28.83%
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.