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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Bowling Green, OH Real Estate Market

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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bowling Green, OH Housing Market Trends

With 29,647 people, 11,846 houses or apartments, and a median cost of homes of $286,971, 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 38.36% of the city's housing units. Other types of housing that are prevalent in Bowling Green include large apartment complexes or high rise apartments ( 38.02%), duplexes, homes converted to apartments or other small apartment buildings ( 14.28%), and a few row houses and other attached homes ( 5.21%).

Bowling Green is dominated by renter-occupied one, two, or no bedrooms apartments. 70.17% 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 ( 20.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.88%). There's also some housing in Bowling Green built before 1939 ( 13.78%).

Bowling Green Home Appreciation Rates

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 5.27%, 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 5.16%, 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 1.38%, which equates to an annual appreciation rate of 5.64%.

Relative to Ohio, our data show that Bowling Green's latest annual appreciation rate is lower than 70% 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.

Average Home Values

Median Home Value

$286,971

Bowling Green, OH Home Prices
> $1,326,000
$994,001 - $1,326,000
$663,001 - $994,000
$530,001 - $663,000
$397,001 - $530,000
$265,001 - $397,000
$132,001 - $265,000
$66,001 - $132,000
$0 - $66,000
4.2%
4.2%
0.5%
0.5%
1.4%
1.4%
2.9%
2.9%
7.2%
7.2%
33.8%
33.8%
43.4%
43.4%
3.5%
3.5%
3.0%
3.0%
0% 100.0%
% of Homes
High

for Ohio

Average

for nation

Number of Homes And Apartments:

11,846

Bowling Green Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,405 / per month

Homeownership Rate

Owners
Renters
29.8%
29.8%
70.2%
70.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.8%
4.8%
95.2%
95.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.9%
13.9%
51.7%
51.7%
20.6%
20.6%
13.8%
13.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
38.4%
38.4%
5.2%
5.2%
14.3%
14.3%
38.0%
38.0%
4.1%
4.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.1%
5.1%
17.3%
17.3%
31.2%
31.2%
29.4%
29.4%
14.9%
14.9%
2.0%
2.0%
0% 100.0%
% of Homes