Bowling Green, KY—42103
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 $355,000, with a year-over-year change of 2.5%. This indicates that home prices in Bowling Green, KY are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $355,000 | 2.5% |
| Single Family | $358,000 | 2.9% |
| Condos | $284,000 | 8.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $214,000 | 1.4% |
3 Bed | $303,000 | 2.4% |
4 Bed | $497,000 | 4.0% |
| 5 Bed | $683,000 | 2.4% |
% of Housing Stock
Rental Trends — Bowling Green, KY
As of July '25, Rentcast reports the average rent in Bowling Green, KY is $1,500, with a year-over-year rent change of -12.3%. Per bedroom, the median rent as of July '25 in Bowling Green, KY is 1-bedrooms: $951, 2-bedrooms: $1,160, 3-bedrooms: $1,730, 4-bedrooms: $2,600. The most common rental property sizes in Bowling Green, KY are 2-bedroom and 1-bedroom, accounting for 48.8% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $951 |
| 2 Bed Rent | $1,100 | $1,160 |
| 3 Bed Rent | $1,500 | $1,730 |
| 4 Bed Rent | $2,600 | $2,600 |
% 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 80. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | 8.0% |
Listing Count | 160 | 1.0% |
| Listings as % of Homes | 1.0% | 1.0% |
Days on Market | 80 | 20.0% |
Demographics — Bowling Green, KY
As of the latest ACS Survey released in 2023, Bowling Green, KY has a population of 21,900, which has increased by 6.4% over the past 5 years. Bowling Green, KY is a moderately popular place for families, as children make up 20.3% of the population. The area has a highly educated workforce, with 48.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,900 | 6.4% |
% Under 18 | 20.3% | -18.1% |
% Seniors | 15.3% | -3.8% |
% WFH | 7.4% | 174.1% |
% w/ College Degree | 48.7% | 15.4% |
As of the latest ACS Survey released in 2023, Bowling Green, KY is a predominantly white area, with 82.8% of the population identifying as white. The white population has grown by 3.5% in the last 5 years. The second most common race or ethnicity in Bowling Green, KY is black, making up 5.7% of the population. Foreign-born residents account for 8.3% of the population in Bowling Green, KY, and this percentage has increased by 2.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.8% | 3.5% |
% Black | 5.7% | -20.8% |
% Hispanic | 4.5% | -11.8% |
% Asian | 4.7% | -7.8% |
% Foreign Born | 8.3% | 2.5% |
Mortgage and Risk — Bowling Green, KY
According to HUD data as of 2023, there were 253 mortgage originations in Bowling Green, KY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Bowling Green, KY. Investor activity is low, as 8.0% 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 | 253 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 8.0% |
% 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 1.6%. 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 and 3-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 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 157 |
Total Units Section 8 | 60 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 87.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $850 | $1,080 |
| 2 Bedroom | $170 | $1,100 | $1,270 |
| 3 Bedroom | $30 | $1,500 | $1,530 |
| 4 Bedroom | -$660 | $2,600 | $1,940 |
Affordability — Bowling Green, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $355,000 |
| Median Household Income | $84,600 |