Bowling Green, KY—42101
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bowling Green, KY
As of Oct '25, the median home price in Bowling Green, KY is $236,000, with a year-over-year change of 2.1%. This indicates that home prices in Bowling Green, KY are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $236,000 | 2.1% |
| Single Family | $237,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $107,000 | -4.5% |
2 Bed | $145,000 | 2.8% |
3 Bed | $236,000 | 1.7% |
4 Bed | $298,000 | 1.7% |
| 5 Bed | $390,000 | 2.4% |
% of Housing Stock
Rental Trends — Bowling Green, KY
As of July '25, Rentcast reports the average rent in Bowling Green, KY is $1,270, with a year-over-year rent change of -8.0%. Per bedroom, the median rent as of July '25 in Bowling Green, KY is studios: $600, 1-bedrooms: $858, 2-bedrooms: $1,020, 3-bedrooms: $1,600, 4-bedrooms: $1,940. The most common rental property sizes in Bowling Green, KY are 2-bedroom and 3-bedroom, accounting for 37.5% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,270 |
| Studio Rent | $500 | $600 |
| 1 Bed Rent | $825 | $858 |
| 2 Bed Rent | $995 | $1,020 |
| 3 Bed Rent | $1,600 | $1,600 |
| 4 Bed Rent | $1,950 | $1,940 |
% of Rental Stock
Property Listings — Bowling Green, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Bowling Green, KY is 61. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $297,000 | 2.0% |
Listing Count | 382 | 9.0% |
| Listings as % of Homes | 0.7% | 9.0% |
Days on Market | 61 | -8.0% |
Demographics — Bowling Green, KY
As of the latest ACS Survey released in 2023, Bowling Green, KY has a population of 63,300, which has increased by 3.1% over the past 5 years. Bowling Green, KY is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 63,300 | 3.1% |
% Under 18 | 24.0% | 11.1% |
% Seniors | 10.2% | 10.9% |
% WFH | 4.3% | 126.3% |
% w/ College Degree | 20.3% | 7.4% |
As of the latest ACS Survey released in 2023, Bowling Green, KY is a predominantly white area, with 67.7% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Bowling Green, KY is black, making up 12.8% of the population. Foreign-born residents account for 9.5% of the population in Bowling Green, KY, and this percentage has decreased by 14.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.7% | -6.0% |
% Black | 12.8% | 1.6% |
% Hispanic | 9.9% | 30.3% |
% Asian | 3.2% | -13.5% |
% Foreign Born | 9.5% | -14.4% |
Mortgage and Risk — Bowling Green, KY
According to HUD data as of 2023, there were 894 mortgage originations in Bowling Green, KY, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Bowling Green, KY. Investor activity is low, as 14.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 894 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 14.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Bowling Green, KY
As of 2024, the percent of homes in Bowling Green, KY under the Section 8 program is 8.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Bowling Green, KY, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,661 |
Total Units Section 8 | 1,126 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $85 | $825 | $910 |
| 2 Bedroom | $85 | $995 | $1,080 |
| 3 Bedroom | -$300 | $1,600 | $1,300 |
| 4 Bedroom | -$300 | $1,950 | $1,650 |
Affordability — Bowling Green, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $236,000 |
| Median Household Income | $49,000 |