Bowling Green, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Bowling Green Neighborhoods Since 2000




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 Q2 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 63,616 people, 23,215 houses or apartments, and a median cost of homes of $169,846, 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 48.95% of the city's housing units. Other types of housing that are prevalent in Bowling Green include large apartment complexes or high rise apartments ( 23.80%), duplexes, homes converted to apartments or other small apartment buildings ( 21.15%), and a few mobile homes or trailers ( 4.36%).

Bowling Green is dominated by renter-occupied one, two, or no bedrooms apartments. 65.46% of Bowling Green's dwellings are rentals.

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 ( 26.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.00%). There's also some housing in Bowling Green built before 1939 ( 7.01%).

Bowling Green Home Appreciation Rates

In the last 10 years, Bowling Green has experienced some of the highest home appreciation rates of any community in the nation. Bowling Green real estate appreciated 16.94% over the last ten years, which is an average annual home appreciation rate of 1.58%, putting Bowling Green in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bowling Green definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 8.63%, which is higher than appreciation rates in 86.16% 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 5.22%, which equates to an annual appreciation rate of 22.56%.

Importantly, NeighborhoodScout’s exclusive research found that Bowling Green's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Kentucky, our data show that Bowling Green's latest annual appreciation rate is higher 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:
$169,846

Bowling Green, KY HOME PRICES

Value Range
> $1,148,000 0.5
$861,001 - $1,148,000 0.5
$574,001 - $861,000 1.1
$459,001 - $574,000 2.0
$344,001 - $459,000 6.8
$230,001 - $344,000 15.3
$115,001 - $230,000 40.5
$57,001 - $115,000 22.1
$0 - $57,000 11.2

Very High for KY
Average for Nation

Value Relative to Nation Value Relative to State
43.2519468352948 15.7894736842105

Number Of Homes And Apartments:
23,215

Bowling Green Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
38.14% 1.86% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$891 / per month

Homeownership Rate

Homeownership
Owners 34.54
Renters 65.46
Vacant 9.45

Housing Market Details

 

Age of Homes

AGE OF Bowling Green HOMES
2000 or Newer 23.0
1970 - 1999 43.5
1940 - 1969 26.5
1939 or Older 7.0

Types of Homes

TYPE OF Bowling Green HOMES
Single-Family 49.0
Townhomes 1.7
Small Apt. Buildings 21.2
Apt. Complexes 23.8
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Bowling Green HOMES
No Bedroom 1.32
1 Bedroom 16.52
2 Bedrooms 32.44
3 Bedrooms 36.24
4 Bedrooms 11.62
5 or more bedrooms 1.86