Mortgage Calculator & Closing Costs: Bowling Green, KY
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Bowling Green, Kentucky.
Median Home Price
$235K
Population
75K
Avg Monthly Rent
$1,050
Property Tax Rate
0.83% *
* Property tax shown is the Kentucky state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Bowling Green.
Bowling Green vs Kentucky Median
The median home price in Bowling Green is $235,000, which is 12% above the Kentucky state median of $210,000.
Mortgage Calculator — Bowling Green, KY
Pre-filled with Bowling Green median home price and Kentucky tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $235K home using Kentucky's 0.83% tax rate and $2,400/yr insurance.
5% Down
$1,904/mo
Down: $11,750
Loan: $223K
P&I: $1,411
Tax: $163
Insurance: $200
PMI: $130
10% Down
$1,823/mo
Down: $23,500
Loan: $212K
P&I: $1,337
Tax: $163
Insurance: $200
PMI: $123
20% Down (No PMI)
$1,551/mo
Down: $47,000
Loan: $188K
P&I: $1,188
Tax: $163
Insurance: $200
Income needed (28% rule): $66K/year with 20% down, $78K/year with 10% down.
Rent vs Buy in Bowling Green
Rent
$1,050/mo
vs
Buy (10% down)
$1,823/mo
Price-to-rent ratio: 18.7 — A ratio between 15-20 means the rent vs buy decision in Bowling Green depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Bowling Green is $235,000, 12% above the Kentucky state median of $210,000. With a population of 74,735, Bowling Green is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Kentucky average 0.83% annually. This moderate property tax rate means a $235,000 home in Bowling Green would carry roughly $163/month in property taxes. Homeowners insurance in Kentucky runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Bowling Green is $1,050/month. The price-to-rent ratio in Bowling Green is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Bowling Green offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Kentucky's KHC Regular DAP program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Bowling Green.