Bowling Green KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Bowling Green, KY 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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Bowling Green Housing Market Information

With 68,401 people, 24,176 houses or apartments, and a median cost of homes of $176,932, Bowling Green real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Bowling Green, accounting for 49.43% of the city's housing units. Other types of housing that are prevalent in Bowling Green include large apartment complexes or high rise apartments ( 22.40%), duplexes, homes converted to apartments or other small apartment buildings ( 20.57%), and a few mobile homes or trailers ( 5.02%).

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 ( 27.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.66%). There's also some housing in Bowling Green built before 1939 ( 5.73%).

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 27.94%, which ranks in the top 40% nationwide. This equates to an annual average Bowling Green house appreciation rate of 2.49%.

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 2.90%, 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 -0.67%, which equates to an annual appreciation rate of -2.65%.

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

Relative to Kentucky, our data show that Bowling Green's latest annual appreciation rate is lower than 90% 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 2000, to assist you in making the best Bowling Green real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$176,932

Bowling Green, KY HOME PRICES

Value Range
> $1,155,000 2.2
$866,001 - $1,155,000 0.5
$578,001 - $866,000 2.3
$462,001 - $578,000 2.1
$346,001 - $462,000 11.8
$231,001 - $346,000 13.5
$115,001 - $231,000 41.7
$58,001 - $115,000 16.3
$0 - $58,000 9.5

Very High for KY
Average for Nation

Value Relative to Nation Value Relative to State
47.5240875912409 19.7007481296758

Number Of Homes And Apartments:
24,176

Bowling Green Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
50.50% 2.07%
5
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$972 / per month

Homeownership Rate

Homeownership
Owners 38.78
Renters 61.22
Vacant 9.89

Housing Market Details

 

Age of Homes

AGE OF Bowling Green HOMES
2000 or Newer 27.3
1970 - 1999 41.3
1940 - 1969 25.7
1939 or Older 5.7

Types of Homes

TYPE OF Bowling Green HOMES
Single-Family 49.4
Townhomes 2.6
Small Apt. Buildings 20.6
Apt. Complexes 22.4
Mobile Homes 5.0
Other 0.0

Home Size

SIZE OF Bowling Green HOMES
No Bedroom 1.10
1 Bedroom 14.95
2 Bedrooms 33.16
3 Bedrooms 35.95
4 Bedrooms 12.65
5 or more bedrooms 2.19