Bowling Green, OH—43402
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bowling Green, OH
As of Oct '25, the median home price in Bowling Green, OH is $258,000, with a year-over-year change of 4.4%. This indicates that home prices in Bowling Green, OH are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $258,000 | 4.4% |
| Single Family | $260,000 | 4.4% |
| Condos | $239,000 | 8.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $200,000 | 5.3% |
3 Bed | $262,000 | 5.6% |
4 Bed | $330,000 | 5.8% |
| 5 Bed | $358,000 | 5.3% |
% of Housing Stock
Rental Trends — Bowling Green, OH
As of July '25, Rentcast reports the average rent in Bowling Green, OH is $1,030, with a year-over-year rent change of -12.7%. Per bedroom, the median rent as of July '25 in Bowling Green, OH is studios: $593, 1-bedrooms: $715, 2-bedrooms: $905, 3-bedrooms: $1,570, 4-bedrooms: $1,720. The most common rental property sizes in Bowling Green, OH are 2-bedroom and 1-bedroom, accounting for 38.6% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $798 | $1,030 |
| Studio Rent | $590 | $593 |
| 1 Bed Rent | $665 | $715 |
| 2 Bed Rent | $798 | $905 |
| 3 Bed Rent | $1,500 | $1,570 |
| 4 Bed Rent | $1,750 | $1,720 |
% of Rental Stock
Property Listings — Bowling Green, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Bowling Green, OH is 38. This is a increase of 8.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | 18.0% |
Listing Count | 51 | 18.0% |
| Listings as % of Homes | 0.2% | 18.0% |
Days on Market | 38 | 8.0% |
Demographics — Bowling Green, OH
As of the latest ACS Survey released in 2023, Bowling Green, OH has a population of 31,500, which has decreased by -2.2% over the past 5 years. Bowling Green, OH is a moderately popular place for families, as children make up 16.9% of the population. The area has a highly educated workforce, with 45.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,500 | -2.2% |
% Under 18 | 16.9% | 7.6% |
% Seniors | 13.5% | 12.5% |
% WFH | 8.7% | 222.2% |
% w/ College Degree | 45.4% | 11.0% |
As of the latest ACS Survey released in 2023, Bowling Green, OH is a predominantly white area, with 85.2% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Bowling Green, OH is hispanic, making up 6.6% of the population. Foreign-born residents account for 3.0% of the population in Bowling Green, OH, and this percentage has decreased by 26.8% 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 | 85.2% | -2.9% |
% Black | 3.2% | -17.9% |
% Hispanic | 6.6% | 32.0% |
% Asian | 1.0% | -41.2% |
% Foreign Born | 3.0% | -26.8% |
Mortgage and Risk — Bowling Green, OH
According to HUD data as of 2023, there were 348 mortgage originations in Bowling Green, OH, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Bowling Green, OH. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 348 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Bowling Green, OH
As of 2024, the percent of homes in Bowling Green, OH under the Section 8 program is 6.3%. 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, OH, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 559 |
Total Units Section 8 | 493 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 85.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $665 | $790 |
| 2 Bedroom | $232 | $798 | $1,030 |
| 3 Bedroom | -$160 | $1,500 | $1,340 |
| 4 Bedroom | -$350 | $1,750 | $1,400 |
Affordability — Bowling Green, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $258,000 |
| Median Household Income | $56,200 |