Bowling Green, Ohio Housing Market Prices
Bowling Green Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 95% below the Ohio median$7,462
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Median rent 14% below the Ohio median$888
Housing Market Overview
| Metric | Bowling Green | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $7,462 | $139,044 | $248,835 |
| Price Trend (Annual %) | -5.5% | 6.7% | 7.5% |
| Median Gross Rent | $888 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bowling Green is about 95% lower than in Ohio. Rent is about 14% lower than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Bowling Green: home prices fell about 5.5% a year while rent rose about 3.9% a year. That is an unusual pattern worth watching.
Median rent in Bowling Green rose about 40.4% between 2015 and 2024, from $633 to $888. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 0.2 yearly household incomes in Bowling Green.
Buying the median-priced home in Bowling Green costs roughly 0.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bowling Green. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Bowling Green | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $7,462 | $139,044 | $248,835 |
| Median Household Income | $42,344 | $71,509 | $80,455 |
| Price-to-Income Ratio | 0.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bowling Green fell about 94.9%, while median household income rose about 57.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bowling Green | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 27.6% | 61.7% | 58.5% |
| Rental Rate | 67.4% | 30.1% | 31.2% |
| Vacancy Rate | 5.0% | 8.1% | 10.2% |
| Median Tenure (years) | 8.0 | 16.0 | 15.0 |
| Median Year Moved In | 2018 | 2010 | 2011 |
Bowling Green has a homeownership rate of 27.6%, lower than the Ohio average of 61.7%. Its housing vacancy rate is 5.0%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Bowling Green | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.95 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1975 | 1970 | 1978 |
| Median Number of Rooms | 4.6 | 5.9 | 5.5 |
The typical housing unit in Bowling Green was built around 1975. On average, 2.0 people live in a home with about 4.6 rooms, staying for about 8.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bowling Green, Ohio.
What is the median home price in Bowling Green, Ohio?
The median home price in Bowling Green, Ohio is $7,462, lower than the Ohio average of $139,044.
What is the average home price in Bowling Green, Ohio?
The typical home price in Bowling Green, Ohio, reported as the median sale price, is $7,462. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bowling Green, Ohio?
The median gross rent in Bowling Green, Ohio is $888 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Bowling Green in 2020?
In 2020, the median gross rent in Bowling Green, Ohio was $733 per month.
What is the price-to-rent ratio in Bowling Green, Ohio?
The price-to-rent ratio in Bowling Green, Ohio is about 0.7, meaning it would take roughly 0.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Bowling Green.
Are home prices or rent rising faster in Bowling Green, Ohio?
Home prices and rent are moving in opposite directions in Bowling Green: home prices fell about 5.5% a year while rent rose about 3.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Bowling Green, Ohio?
27.6% of households in Bowling Green, Ohio own their home, lower than the Ohio average of 61.7%.
What is the vacancy rate in Bowling Green, Ohio?
The housing vacancy rate in Bowling Green, Ohio is 5.0%, lower than the Ohio average of 8.1%.
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