Bowling Green appreciation rates and housing market information

Bowling Green housing market information

With 2,878 people, 954 houses or apartments, and a median cost of homes of $99,500, house prices in Bowling Green are some of the most affordable in Florida as well as the nation.

single-family detached homes are the single most common housing type in Bowling Green, accounting for 66.88% of the city's housing units. Other types of housing that are prevalent in Bowling Green include mobile homes or trailers (18.13%), duplexes, homes converted to apartments, or other small apartment buildings (6.39%), large apartment complexes or high rise apartments (2.10%), and a few row houses and other attached homes (0.73%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Bowling Green. Owner-occupied housing accounts for 63.84% of Bowling Green's homes, and 53.35% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bowling Green built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bowling Green built from 1940-1969 (27.36%). A lesser amount of the housing stock also hails from 1939 and earlier (10.69%), and some were built from 1995 and later (10.69%).

Vacant housing appears to be an issue in Bowling Green. Fully 14.57% of the housing stock is classified as vacant. Left unchecked, vacant Bowling Green homes and apartments can be a drag on the real estate market, holding Bowling Green real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bowling Green home appreciation rates

Appreciation rates for homes in Bowling Green have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 112.97%, which ranks in the top 20% nationwide. This equates to an annual average Bowling Green house appreciation rate of 11.29%.

Over the last year, Bowling Green appreciation rates have trailed the rest of the nation. In the last twelve months, Bowling Green's appreciation rate has been -17.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bowling Green were at -4.96%, which equates to an annual appreciation rate of -19.84%.

Notably, Bowling Green's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Bowling Green's latest annual appreciation rate is higher than 13% of the other cities and towns in Florida.