Bowling Green, KY · Kentucky

Warren County

137,549 residents1,539 permits TTM$64,801 median HHI8 ZIP codesUpdated April 28, 2026
Investor first look

Median home value

$242,600

ACS 5-Year

Cap rate proxy

4.8%

FMR × 0.65 ÷ Home Value

Rent-to-income

17.8%

HUD FMR ÷ ACS HHI

Net migration

+1.34%

IRS SOI

Permits (TTM)

1,539

Census BPS

Climate risk

88.5

FEMA NRI (0–100)

ZIP code breakdown8 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
421714.5%16.5%
421044.6%-8.9%
421594.0%16.5%
421016.2%-8.6%
421703.9%16.5%

Ranked by composite score

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Demographics

Owner-occupied

56.7%

Census ACS

Vacancy rate

7.4%

Census ACS

Bachelor's degree +

33.4%

Census ACS

Rent burdened

43.1%

Census ACS (>30% income)

Median age

33.4

Census ACS

Data sources
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 28, 2026