Rent to own Homes in Bowling Green, KY
The city is home to the National Corvette Museum! Known as the Vette City, Bowling Green has been given the name because of its love for Corvettes. The National Corvette Museum, located on 1350 Corvette Drive, is just a small distance from Interstate-65 and the Barren River. More than 75 models of Corvette vehicles and concept autos are displayed inside the almost 70,000 square foot facility. Other museums of note include the Historic Railpark and Train Museum and also the Kentucky Museum.
Bowling Green, KY is a great place for affordable rent-to-own homes! With a median household income of over $42,044 and a median rent of $815, the Bowling Green, KY rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Bowling Green, KY. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Bowling Green, KY is seeing rapid growth and Bowling Green, KY's' housing market remains optimal with an average home price that is -23% below the 2024 national average. Bowling Green, KY is part of Warren county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Warren is 0.64% which is below the national average, which is 0.99%.
Median Home Price in Bowling Green, KY
Median Rent in Bowling Green, KY
Top 14 Reasons to Live in Bowling Green
Rental Prices are very affordable! Rentals tend to be quite reasonably priced in Bowling Green. The median rental cost is around $625 per month, which translates to 23% less than the national average. Many landlords are also willing to do a rent to own contract, which affords you the chance to test out a home before you decide to purchase it. Check the areas near Hobson Grove Park, Bowling Green Airport, and The Downtown to see a variety of listings.
You can easily find rental homes! 59% of Bowling Green's housing units are renter-occupied, which is much higher than Kentucky's average. Complexes like The Enclave, located on Fairview Avenue, and Fairways at Hartland, situated on Wilkinson Trace, have pads available for leas throughout the year. Moreover, there are all sorts of rent to own homes available throughout the city.
The median home value is increasing! Having jumped 6.0% over the past year, the Bowling Green real estate market is in good shape. Subdivisions like Cumberland Ridge, Whispering Hills, and Ivan Downs are great neighborhoods in which to invest in a house.
Many Available Properties! With a vacancy rate of 9.0%, there are many available homes for sale and rent. You won't have difficulty locating a pad. To view a variety of homes, search all over town, from near Bowling Green Country Club to around Lost River Cave.
Get a deal on a foreclosure! If you were searching for rent to own houses or apartments, consider a foreclosure. While the median listing price in Bowling Green is around $160,000, you can find lots of foreclosures in good condition for under $100,000. Check the neighborhood around Lovers Lane Park and also Lampkin Park to see some current listings.
Beech Bend Park Offers Plenty of Fun! A popular amusement park and drag strip, Beech Bend Park is also noted as being a top campground in the U.S. Close to 50 rides and attractions are featured at the facility, including tilt-a-whirls, bumper cars, and roller coaster and thrill rides. After a day of entertainment, grab some food at Godfather's Pizza on nearby Louisville Road.
You Can Shop till You Drop at the Greenwood Mall! Anyone who likes to shop will not want to miss the activity at the Greenwood Mall in Bowling Green. The mall is the base for four primary department retailers, including Dillard's, J.C. Penney, Sears, and Macy's. Specialty stores, like Gamestop, Abercrombie & Fitch, and the Gap, are showcased as well as are such popular restaurants as Red Lobster and Applebee's. If you want to live near this mall, houses, Willow Creek Apartments, and Greenwood Villa Apartments are very close.
Party! Bowling Green is full of legendary bars and pubs. Going to spots like Tidball's, The Twisted Tap, and Betty's Bar are absolute must visits if you plan to live like a true local. Live it up!
Hit the links! Golf courses such as
Enjoy Some Home Cookin' at the Shake Rag Restaurant! Needing to eat some comfort food? Then, you've come to the right place when you settle in and order a meal at the Shake Rag Restaurant, an eatery that features such specialties as barbecue ribs and pond-fed catfish for one low price.
You Can Take a Boat Ride through Lost River Cave! Known as the state's only boat tour that takes place underground, you'll have a lot of interesting exploring to do on the Lost River, a body of water that lays claim to being the world's shortest and deepest stream in the world. Boat travelers and walkers alike enjoy the amazing wonders at this natural site. After a day of exploration, grab a meal at the nearby Lost River Pizza Company located on Nashville Road.
The city is a great place to bike! Bike trails in the city are featured through the Spero Kereiakes Park and can also be found at Lost River Cave, which provides paved pathways for cyclists. Enjoy the scenery and get your exercise at the same time. The area around Limestone Lake is also great for biking.
You'll like strolling through Fountain Square Park! Part of the city's revitalization efforts, restored buildings are featured in this downtown park, which also showcases an Art Deco cinema, statues, benches, and mature trees and shrubs. Festivals and arts and crafts events are regularly held at the two-acre green space downtown. Boatlanding Park neighbors this park and is worth a visit as well.