Bowling Green, KY—42104
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 $323,000, with a year-over-year change of 2.3%. This indicates that home prices in Bowling Green, KY are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $323,000 | 2.3% |
| Single Family | $323,000 | 2.2% |
| Condos | $314,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $186,000 | 3.9% |
3 Bed | $291,000 | 1.4% |
4 Bed | $413,000 | 3.0% |
| 5 Bed | $552,000 | 3.0% |
% of Housing Stock
Rental Trends — Bowling Green, KY
As of July '25, Rentcast reports the average rent in Bowling Green, KY is $1,460, with a year-over-year rent change of -3.3%. Per bedroom, the median rent as of July '25 in Bowling Green, KY is 1-bedrooms: $766, 2-bedrooms: $1,100, 3-bedrooms: $1,800, 4-bedrooms: $1,840. The most common rental property sizes in Bowling Green, KY are 2-bedroom and 3-bedroom, accounting for 49.4% and 21.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,460 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $725 | $766 |
| 2 Bed Rent | $1,000 | $1,100 |
| 3 Bed Rent | $1,800 | $1,800 |
| 4 Bed Rent | $1,800 | $1,840 |
% 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 63. This is a increase of 13.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $370,000 | 0.0% |
Listing Count | 243 | 12.0% |
| Listings as % of Homes | 0.7% | 12.0% |
Days on Market | 63 | 13.0% |
Demographics — Bowling Green, KY
As of the latest ACS Survey released in 2023, Bowling Green, KY has a population of 41,300, which has increased by 23.5% over the past 5 years. Bowling Green, KY is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 41.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,300 | 23.5% |
% Under 18 | 23.5% | -0.4% |
% Seniors | 14.8% | 2.1% |
% WFH | 8.6% | 126.3% |
% w/ College Degree | 41.5% | 3.0% |
As of the latest ACS Survey released in 2023, Bowling Green, KY is a predominantly white area, with 77.4% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Bowling Green, KY is asian, making up 7.9% of the population. Foreign-born residents account for 13.5% of the population in Bowling Green, KY, and this percentage has increased by 50.0% 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 | 77.4% | -10.0% |
% Black | 5.5% | 1.9% |
% Hispanic | 4.6% | 91.7% |
% Asian | 7.9% | 97.5% |
% Foreign Born | 13.5% | 50.0% |
Mortgage and Risk — Bowling Green, KY
According to HUD data as of 2023, there were 924 mortgage originations in Bowling Green, KY, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Bowling Green, KY. Investor activity is low, as 7.0% 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 | 924 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 7.0% |
% 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 5.0%. 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 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 334 |
Total Units Section 8 | 334 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 85.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $305 | $725 | $1,030 |
| 2 Bedroom | $220 | $1,000 | $1,220 |
| 3 Bedroom | -$330 | $1,800 | $1,470 |
| 4 Bedroom | $60 | $1,800 | $1,860 |
Affordability — Bowling Green, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $323,000 |
| Median Household Income | $74,000 |