1031 Exchange Bowling Green, Kentucky

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Bowling Green due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Bowling Green, Kentucky is a part of the Bowling Green, KY metropolitan area, and contains 5 zip codes: 42128, 42103, 42102, 42104, and 42101.

Bowling Green Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Bowling Green, KY metropolitan area was $722, which is 11.94% lower than 2014 average rent. This represents a compounded annual growth rate of 2.28%. 2019 vacancy in Bowling Green, KY was 6.00%.

The total population of the city of Bowling Green, KY has grown 17.80% since 2010. As of 2018, the population was 68,401. The median household income of the Bowling Green was $41,516, which is 31.14% lower than the national average.

  • metropolitan area Bowling Green, KY
  • avg rent $722
  • rent growth 11.94%
  • vacancy 6.00%
  • median income $41,516
  • population (2018) 68,401
  • population growth 17.80%
  • vs. nat'l avg 31.14%
  • zip codes 42101 42102 42103 42104 42128

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