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 Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Bowling Green Housing Market Information

With a population of 67,067, 23,810 total housing units (homes and apartments), and a median house value of $169,942, 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 49.52% of the city's housing units. Other types of housing that are prevalent in Bowling Green include large apartment complexes or high rise apartments ( 23.06%), duplexes, homes converted to apartments or other small apartment buildings ( 20.40%), and a few mobile homes or trailers ( 4.52%).

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 ( 26.29%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.88%). There's also some housing in Bowling Green built before 1939 ( 6.63%).

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 22.19%, which ranks in the top 40% nationwide. This equates to an annual average Bowling Green house appreciation rate of 2.02%.

NeighborhoodScout's data show that during the latest twelve months, Bowling Green's appreciation rate, at 6.23%, has been at or slightly above the national average. In the latest quarter, Bowling Green's appreciation rate has been 0.14%, which annualizes to a rate of 0.55%.

Relative to Kentucky, our data show that Bowling Green's latest annual appreciation rate is higher than 80% 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:
$169,942

Bowling Green, KY HOME PRICES

Value Range
> $1,170,000 0.9
$877,001 - $1,170,000 0.4
$584,001 - $877,000 2.5
$468,001 - $584,000 3.7
$351,001 - $468,000 5.9
$234,001 - $351,000 15.3
$117,001 - $234,000 45.1
$58,001 - $117,000 16.0
$0 - $58,000 10.2

Very High for KY
Average for Nation

Value Relative to Nation Value Relative to State
48.2890510948905 19.7007481296758

Number Of Homes And Apartments:
23,810

Bowling Green Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
46.80% 2.01%
5
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$902 / per month

Homeownership Rate

Homeownership
Owners 35.06
Renters 64.94
Vacant 9.80

Housing Market Details

 

Age of Homes

AGE OF Bowling Green HOMES
2000 or Newer 26.3
1970 - 1999 42.2
1940 - 1969 24.9
1939 or Older 6.6

Types of Homes

TYPE OF Bowling Green HOMES
Single-Family 49.5
Townhomes 2.5
Small Apt. Buildings 20.4
Apt. Complexes 23.1
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Bowling Green HOMES
No Bedroom 1.04
1 Bedroom 15.94
2 Bedrooms 31.93
3 Bedrooms 36.29
4 Bedrooms 12.52
5 or more bedrooms 2.28