Green Bay, WI Federal Housing Finance Agency Home Price Index (FHFA HPI)

Green Bay, WI is a city located in the northeastern part of Wisconsin. The city has a population of 104,057 people and an estimated median household income of $50,849. The cost of living in Green Bay is relatively low when compared to other cities in the United States. The median home value in Green Bay is $142,100, which is lower than the national median home value of $184,700. However, the median list price for homes in Green Bay is $169,900, which is higher than the national median list price of $149,900.

The housing market in Green Bay has been fairly stable over the past few years. The average sale price for a home in Green Bay was $156,963 in 2016. This is a slight decrease from the average sale price of $157,813 in 2015. However, the average sale price for a home in Green Bay was still higher than the national average sale price of $152,632 in 2016.

The Federal Housing Finance Agency (FHFA) house price index for Green Bay was 154.48 in December 2016. This means that home prices in Green Bay have increased by 54% since January 2000. However, when adjusted for inflation, home prices have only increased by 28% during this time period.

There are several factors that have contributed to the increase in home prices in Green Bay over the past few years. One factor is that there has been an increase in demand for housing due to population growth and an influx of new residents moving into the city limits seeking employment opportunities or to retire here because it’s more affordable than other places they’ve looked at.. Additionally job growth has helped spur demand as well as wages starting to grow again after being stagnant for many years helping families feel more confident about their future prospects and their ability to afford a mortgage payment each month.. Another key driver has been historically low interest rates which makes buying much more attractive than renting and has helped push prices up as buyers are willing to pay more when they know they can get such low monthly payments.. Lastly developers are building new subdivisions on what used to be farmland on outskirts of town which helps meet this rising demand but also causes land values and therefore prices to go up as well..