43402, Bowling Green, OH

The 43402 zip code of Bowling Green, OH has a median home value of $128,000. This is significantly lower than the statewide median home value of $174,500. The 43402 zip code also has a low rate of home equity ownership at just 36%. This is in contrast to the statewide rate of 57%. There are several factors that may contribute to this disparity including higher rates of unemployment and poverty in this area.

Despite these disparities, there are some homeowners in the 43402 zip code who have benefited from strong home prices over the past few years. In fact, according to Zillow’s Home Value Index, the average home value in this area has increased by 20% since 2012. While this increase may not be as significant as some other areas around the country, it is still noteworthy given that Bowling Green experienced a decline in home values during much of that time period.

One potential reason for this recent uptick in home values is Bowling Green’s strong economy. According to Moody’s Analytics, the city ranks No. 6 out of 105 cities nationwide with an “Aa2” credit rating – meaning that it has very low levels of debt and high levels of economic stability. Additionally, Bowling Green benefits from a large pool of skilled workers – many of whom commute into town – as well as a relatively low cost of living compared to other major metropolitan areas across Ohio and America.