Bowling Green, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bowling Green Neighborhoods Since 2000




Bowling Green, FL Real Estate Data


Bowling Green Housing Market Information

With 2,919 people, 740 houses or apartments, and a median cost of homes of $107,368, 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 65.96% of the city's housing units. Other types of housing that are prevalent in Bowling Green include mobile homes or trailers ( 22.98%), duplexes, homes converted to apartments or other small apartment buildings ( 5.67%), and a few large apartment complexes or high rise apartments ( 2.21%).

Dwellings in Bowling Green tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.25% of the homes in Bowling Green have two or fewer bedrooms.

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 1940-1969 ( 26.35%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.65%). There's also some housing in Bowling Green built before 1939 ( 5.19%).

Vacant housing appears to be an issue in Bowling Green. Fully 28.85% 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

Real estate appreciation rates in Bowling Green's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.59% during the period.

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 6.34%, which is higher than appreciation rates in 78.32% 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 -1.79%, which equates to an annual appreciation rate of -6.99%.

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 lower than 80% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$107,368

Bowling Green, FL HOME PRICES

Value Range
> $1,272,000 0.0
$955,001 - $1,272,000 0.0
$636,001 - $955,000 0.0
$509,001 - $636,000 0.6
$381,001 - $509,000 0.9
$255,001 - $381,000 3.4
$127,001 - $255,000 30.4
$64,001 - $127,000 45.5
$0 - $64,000 19.2

Very Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
74.128945365111 89.7435897435897

Number Of Homes And Apartments:
740

Rent & Ownership

 

Average Market Rent:
$794 / per month

Homeownership Rate

Homeownership
Owners 67.57
Renters 32.43
Vacant 28.85

Housing Market Details

 

Age of Homes

AGE OF Bowling Green HOMES
2000 or Newer 23.7
1970 - 1999 44.8
1940 - 1969 26.3
1939 or Older 5.2

Types of Homes

TYPE OF Bowling Green HOMES
Single-Family 66.0
Townhomes 0.0
Small Apt. Buildings 5.7
Apt. Complexes 2.2
Mobile Homes 23.0
Other 3.2

Home Size

SIZE OF Bowling Green HOMES
No Bedroom 0.48
1 Bedroom 21.54
2 Bedrooms 29.23
3 Bedrooms 39.62
4 Bedrooms 8.85
5 or more bedrooms 0.29

Bowling Green Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
96.64% 4.06% 8 10
* 10 is highest

Popular Neighborhoods in Bowling Green

Zip Codes in Bowling Green, FL