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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 31,246 people, 11,163 houses or apartments, and a median cost of homes of $151,349, 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 40.08% of the city's housing units. Other types of housing that are prevalent in Bowling Green include large apartment complexes or high rise apartments ( 35.93%), duplexes, homes converted to apartments or other small apartment buildings ( 14.46%), and a few row houses and other attached homes ( 4.99%).
Bowling Green is dominated by renter-occupied one, two, or no bedrooms apartments. 67.77% 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 ( 23.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.80%). There's also some housing in Bowling Green built before 1939 ( 13.50%).
Vacant housing appears to be an issue in Bowling Green. Fully 10.95% 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'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 -1.14%, which is lower than 70% 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 0.54%, 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 0.12%, which equates to an annual appreciation rate of 0.47%.
Relative to Ohio, our data show that Bowling Green's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.
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.
|$787,001 - $1,050,000||0.0|
|$525,001 - $787,000||0.5|
|$420,001 - $525,000||1.0|
|$315,001 - $420,000||3.7|
|$210,001 - $315,000||13.9|
|$105,001 - $210,000||64.5|
|$52,001 - $105,000||10.9|
|$0 - $52,000||5.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Bowling Green HOMES|
|2000 or Newer||14.8|
|1970 - 1999||48.1|
|1940 - 1969||23.6|
|1939 or Older||13.5|
|TYPE OF Bowling Green HOMES|
|Small Apt. Buildings||14.5|
|SIZE OF Bowling Green HOMES|
|5 or more bedrooms||3.17|