Buy vs Rent in Green Bay, WI (2026)
Median home price $225K · 1BR rent $1,250/mo · Price-to-rent ratio 15.0x.
Median home price
$225K
1BR rent
$1,250/mo
Price-to-rent ratio
15.0x
Verdict
Neutral
Monthly cost of buying — 3 scenarios
30-year mortgage at 7% · Includes property tax, insurance, and maintenance estimates
| 3.5% down (FHA) | 10% down | 20% down (conventional) | |
|---|---|---|---|
| Down payment | $7,875 | $22,500 | $45,000 |
| Mortgage (P&I) | $1,445/mo | $1,347/mo | $1,198/mo |
| Property tax (est.) | $206/mo | $206/mo | $206/mo |
| Insurance (est.) | $94/mo | $94/mo | $94/mo |
| Maintenance (est.) | $188/mo | $188/mo | $188/mo |
| Total monthly cost | $1,933vs rent: +$683/mo | $1,835vs rent: +$585/mo | $1,686vs rent: +$436/mo |
| Income to qualify | $61,929/yr | $57,729/yr | $51,343/yr |
| Break-even (approx.) | ~1 yrs | ~3 yrs | ~9 yrs |
Green Bay housing context
$54K
Median HH income
per year
$51,343
Income needed (20% down)
per year
Qualified
Affordability gap
vs median income
Frequently asked questions
Is it better to buy or rent in Green Bay?
Green Bay's price-to-rent ratio of 15.0x is in the neutral zone (15-20x). Whether to buy or rent depends on how long you plan to stay, your down payment, and your personal finances.
How much do I need to earn to buy a home in Green Bay?
With a median home price of $225K in Green Bay, you'd need an annual income of roughly $51,343 to qualify with 20% down (at 7% rate, 28% housing ratio). With 10% down, you'd need about $57,729/year.
Green Bay full cost of living breakdownCheaper cities near Green BayHow much to retire in Green BayCompare mortgage rates
Mortgage at 7% 30-yr fixed · Property tax 1.1% est. · Maintenance 1% est. · Zillow, BLS · Q1 2026 · For general guidance only