Bowling Green, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bowling Green, FL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bowling Green Housing Market Information

With 2,919 people, 835 houses or apartments, and a median cost of homes of $99,170, house prices in Bowling Green are solidly below the national average.

Single-family detached homes are the single most common housing type in Bowling Green, accounting for 63.29% of the city's housing units. Other types of housing that are prevalent in Bowling Green include mobile homes or trailers ( 23.90%), duplexes, homes converted to apartments or other small apartment buildings ( 5.91%), and a few large apartment complexes or high rise apartments ( 3.85%).

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 to 1999 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 between 2000 and later ( 29.01%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.08%). There's also some housing in Bowling Green built before 1939 ( 5.55%).

Vacant housing appears to be an issue in Bowling Green. Fully 25.25% 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

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 -1.35%, which is lower than 80% of US communities.

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 2.64%, 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 1.20%, which equates to an annual appreciation rate of 4.89%.

Relative to Florida, our data show that Bowling Green's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$99,170

Bowling Green, FL HOME PRICES

Value Range
> $1,228,000 0.0
$920,001 - $1,228,000 0.0
$614,001 - $920,000 0.0
$491,001 - $614,000 0.0
$368,001 - $491,000 1.3
$246,001 - $368,000 0.0
$122,001 - $246,000 31.3
$61,001 - $122,000 48.3
$0 - $61,000 19.1

Very Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
78.0968006562756 90.1709401709402

Number Of Homes And Apartments:
835

Bowling Green Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
91.41% 3.84% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$790 / per month

Homeownership Rate

Homeownership
Owners 61.41
Renters 38.59
Vacant 25.25

Housing Market Details

 

Age of Homes

AGE OF Bowling Green HOMES
2000 or Newer 29.0
1970 - 1999 41.4
1940 - 1969 24.1
1939 or Older 5.6

Types of Homes

TYPE OF Bowling Green HOMES
Single-Family 63.3
Townhomes 0.0
Small Apt. Buildings 5.9
Apt. Complexes 3.8
Mobile Homes 23.9
Other 3.0

Home Size

SIZE OF Bowling Green HOMES
No Bedroom 0.63
1 Bedroom 18.44
2 Bedrooms 33.84
3 Bedrooms 39.30
4 Bedrooms 7.34
5 or more bedrooms 0.45

Popular Neighborhoods in Bowling Green

Zip Codes in Bowling Green, FL