Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Green County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $213,889 | $176,921 | $242,182 |
| Price Trend (Annual %) | 11.6% | 5.3% | 8.2% |
| Median Gross Rent | $850 | $1,045 | $1,342 |
| Rent Trend (Annual %) | 3.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Green County is about 21% higher than in Wisconsin. Rent is about 19% lower than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Green County, up about 11.6% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Green County rose about 23.5% between 2015 and 2023, from $688 to $850. Over the same span, rent in Wisconsin rose about 34.7%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Green County.
Buying the median-priced home in Green County costs roughly 21.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Green County. The price-to-rent ratio in Wisconsin is about 14.1.
| Metric | Green County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $213,889 | $176,921 | $242,182 |
| Median Household Income | $79,296 | $75,766 | $78,145 |
| Price-to-Income Ratio | 2.7 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Green County rose about 90.5%, while median household income rose about 50.3% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Green County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.6% | 60.4% | 58.2% |
| Rental Rate | 23.7% | 28.6% | 31.3% |
| Vacancy Rate | 4.7% | 11.1% | 10.6% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Green County has a homeownership rate of 71.6%, higher than the Wisconsin average of 60.4%. Its housing vacancy rate is 4.7%, compared with 11.1% in Wisconsin.
Housing Stock
| Metric | Green County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.35 people | 2.54 people |
| Median Structure Built Year | 1970 | 1973 | 1978 |
| Median Number of Rooms | 6.1 | 5.6 | 5.5 |
The typical housing unit in Green County was built around 1970. On average, 2.3 people live in a home with about 6.1 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Green County, Wisconsin.
What is the median home price in Green County, Wisconsin?
The median home price in Green County, Wisconsin is $213,889, higher than the Wisconsin average of $176,921.
What is the average home price in Green County, Wisconsin?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Green County, Wisconsin?
The median gross rent in Green County, Wisconsin is $850 per month, lower than the Wisconsin average of $1,045.
What was the median gross rent in Green County in 2020?
In 2020, the median gross rent in Green County, Wisconsin was $752 per month.
What is the price-to-rent ratio in Green County, Wisconsin?
The price-to-rent ratio in Green County, Wisconsin is about 21.0, meaning it would take roughly 21.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Green County.
Are home prices or rent rising faster in Green County, Wisconsin?
Both home prices and rent are rising in Green County, up about 11.6% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Green County, Wisconsin?
71.6% of households in Green County, Wisconsin own their home, higher than the Wisconsin average of 60.4%.
What is the vacancy rate in Green County, Wisconsin?
The housing vacancy rate in Green County, Wisconsin is 4.7%, lower than the Wisconsin average of 11.1%.