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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 2,433, 728 total housing units (homes and apartments), and a median house value of $125,988, house prices in Bowling Green are some of the most affordable in Florida as well as the nation.
Single-family detached homes are the single most common housing type in Bowling Green, accounting for 68.90% of the city's housing units. Other types of housing that are prevalent in Bowling Green include mobile homes or trailers ( 18.27%), duplexes, homes converted to apartments or other small apartment buildings ( 8.44%), and a few row houses and other attached homes ( 1.73%).
The most prevalent building size and type in Bowling Green are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.19% owning and 43.81% renting.
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 2000 and later ( 24.16%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.62%). There's also some housing in Bowling Green built before 1939 ( 3.35%).
Vacant housing appears to be an issue in Bowling Green. Fully 15.84% of the housing stock is classified as vacant. Left unchecked, vacant Bowling Green homes and apartments can be a drag on the real estate market, holding Bowling Green real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Bowling Green has experienced some of the highest home appreciation rates of any community in the nation. Bowling Green real estate appreciated 116.60% over the last ten years, which is an average annual home appreciation rate of 8.04%, putting Bowling Green in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bowling Green definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 -0.18%, 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 -2.36%, which equates to an annual appreciation rate of -9.13%.
Notably, Bowling Green's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Bowling Green's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.
$125,988
for Florida
for nation
728
$1,738 / per month