Market Overview
Home Prices in Green Bay, VA
The median home value in Green Bay, VA is $180,963 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% compared to a year ago and down 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Green Bay are priced56% below average.
Over the past five years, Green Bay home values have risen by approximately20.4%, reflecting strong long-term appreciation in this market.
Price History
Green Bay Home Price Trend
2020
$133,005
$133K
—
2021
$150,279
$150K
+13.0%
2022
$168,301
$168K
+12.0%
2023
$165,616
$166K
-1.6%
2024
$180,007
$180K
+8.7%
2025
$173,060
$173K
-3.9%
2026
$180,963
$181K
+4.6%
City Comparison
Green Bay vs. National Median
🏠 Green Bay
$180,963
National Median
$410,000
At $180,963, homes in Green Bay cost 56% below the national median of $410,000. This makes Green Bay a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Green Bay?
20% Down Payment
$36,193
on $180,963
Monthly P&I
$944/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,199/mo
incl. taxes & insurance
Income Needed
$47,960
gross annual (30% rule)
10% Down Option
$18,096
+ PMI applies
Loan Amount (20% dn)
$144,770
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Green Bay, VA?
The median home value in Green Bay is $180,963 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.6% year-over-year.
How much have home prices changed in Green Bay?
Over the past year, home values in Green Bay have increased by 4.6%. Over five years, prices have risen approximately 20.4%.
How much do I need to earn to buy a home in Green Bay?
To comfortably afford the median home price of $180,963 with a 20% down payment ($36,193) at today's rates (6.8%), you'd need a gross annual income of approximately $47,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Green Bay compare to the national average home price?
The national median home value is approximately $410,000. At $180,963, homes in Green Bay are 56% below the national average.