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