Bowling Green, KY · Kentucky
Allen County
21,029 residents20 permits TTM$59,029 median HHI3 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$176,300
ACS 5-Year
Cap rate proxy
5.1%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.2%
HUD FMR ÷ ACS HHI
Net migration
+1.63%
IRS SOI
Permits (TTM)
20
Census BPS
Climate risk
33.3
FEMA NRI (0–100)
ZIP code breakdown3 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 42153 | — | — | — | 5.1% | — |
| 42120 | — | — | — | 4.7% | — |
| 42164 | — | — | — | 4.4% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
76.7%
Census ACS
Vacancy rate
15.2%
Census ACS
Bachelor's degree +
17.4%
Census ACS
Rent burdened
40.4%
Census ACS (>30% income)
Median age
40.7
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026