The typical owner-occupied home in Bowling Green is worth about $116,800, 67% below the Florida median of $359,000 and 65% below the national median of $332,700. Owners pay a median $808 a year in property taxes, about 0.69% of their home's value, lower than the Florida rate of 0.76%. The median household earns $45,357 a year, so the median home costs 2.6 times the median income (4.8 times for Florida). 70% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.
Bowling Green at a glance
| Bowling Green | Florida | U.S. | |
|---|---|---|---|
| Median home value | $116,800 | $359,000 | $332,700 |
| Median property tax paid per year | $808 | $2,730 | $3,119 |
| Property tax as a share of value | 0.69% | 0.76% | 0.94% |
| Median household income | $45,357 | $74,568 | $80,734 |
| Homes lived in by their owners | 70% | 68% | 65% |
| Owner homes with a mortgage | 29% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,245 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 18.7% | 23.6% | 21.0% |
| Median rent | $1,011 | $1,669 | $1,413 |
| Rent as a share of renters' income | 25.1% | 35.2% | 30.6% |
| Median year homes were built | 1978 | 1988 | 1980 |
| Vacant homes | 15.4% | 14.7% | 10.1% |
| Population | 2,226 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Bowling Green
At this week's average 30-year rate of 7.11%, buying the median Bowling Green home of $116,800 with 20% down costs about $744 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $939, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $31,903 for the 20%-down payment. That payment is 20% of the median Bowling Green household income of $45,357; at that income and 20% down, the 28% guideline points to a home of about $166,000.
The median rent here is $1,011 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $23,360 |
|---|---|
| Loan amount | $93,440 |
| Principal and interest | $629 |
| Property taxes (0.69% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| PMI | $0 |
| Total per month | $744 |
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| Down payment | $4,088 |
|---|---|
| Loan amount | $114,684 |
| Principal and interest | $771 |
| Property taxes (0.69% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| FHA mortgage insurance | $52 |
| Total per month | $939 |
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Questions about home buying in Bowling Green
What is the median home value in Bowling Green?
About $116,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bowling Green?
Homeowners pay a median $808 a year, which is about 0.69% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Bowling Green?
For the median home with 20% down at 7.11%, the payment is about $744 a month. Keeping that under 28% of gross income takes about $31,903 a year.
More about Bowling Green
- Mortgage Refinance in Bowling Green
- Debt Relief in Bowling Green
- Home Equity Loans in Bowling Green
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data