Bowling Green appreciation rates and housing market information

Bowling Green housing market information

With 49,125 people, 21,193 houses or apartments, and a median cost of homes of $147,524, Bowling Green real estate is some of the most expensive in Kentucky, although Bowling Green home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Bowling Green, accounting for 49.54% of the city's housing units. Other types of housing that are prevalent in Bowling Green include duplexes, homes converted to apartments, or other small apartment buildings (23.86%), large apartment complexes or high rise apartments (18.00%), mobile homes or trailers (6.64%), and a few row houses and other attached homes (1.95%).

People in Bowling Green primarily live in small (one, two, or no bedroom) single-family detached homes. Bowling Green has a mixture of owner-occupied and renter-occupied housing.

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 (33.36%). A lesser amount of the housing stock also hails from 1995 and later (16.74%), and some were built from 1939 and earlier (16.74%).

Bowling Green home appreciation rates

Bowling Green's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bowling Green during the period has been just 5.77%, which is lower than % of US communities.

Appreciation rates are so strong in Bowling Green that despite a nationwide downturn in the housing market, Bowling Green real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bowling Green appreciation rates continue to be some of the highest in America, at 3.24%, which is higher than appreciation rates in 77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bowling Green. Bowling Green appreciation rates in the latest quarter were at 1.13%, which equates to an annual appreciation rate of 4.52%.

Relative to Kentucky, our data show that Bowling Green's latest annual appreciation rate is higher than 58% of the other cities and towns in Kentucky.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bowling Green differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bowling Green - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Bowling Green real estate investment or home purchase decisions.