Real Estate Investing in Bowling Green, Ohio (43402)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43402 (Bowling Green, OH)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Bowling Green, OH (43402)?
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Market Analysis: 43402 Bowling Green
This part of Wood County is not an easy win. The 43402 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $271K asset, 43402 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 43402 and stronger Bowling Green ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 43402 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 43402 is an operator game, not a passive one. From a cash-flow lens, entry prices of $271K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Bowling Green:
Property Strategy for 43402
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $200,365 | $1,080 | 3.9% | +7.4% | $100,182 |
| 3BR | $262,469 | $1,390 | 3.8% | +7.4% | $87,490 |
| 4BR | $330,245 | $1,460 | 3.2% | +7.3% | $82,561 |
| 5BR | $357,616 | — | — | +7.0% | $71,523 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43402 Compare?
| Metric | 43402 | Bowling Green | Toledo, OH | Ohio |
|---|---|---|---|---|
| Home Value | $270,936 | $135,468 | N/A | $237,530 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 7.4% |
| Avg Rent | $1,041 | $1,041 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43402 (Bowling Green, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $270,936 |
| Monthly Rent | $1,041 |
| Price-to-Rent | 21.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 43402
Population: 31,538
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 43402
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,438 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How should investors approach Bowling Green, OH?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Bowling Green, OH. The numbers - $271K homes against $1,041/mo rents - support that play.
Is Bowling Green in OH worth investing in?
The 3.0/5 investability rating in Bowling Green, OH reflects its $271K prices and $1,041/mo rents. Investors generally consider it a solid option within OH.
Is housing expensive in Bowling Green, OH?
Homes in Bowling Green, OH typically sell near $271K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
How do landlord-tenant laws work in Bowling Green, OH?
Bowling Green, OH operates under OH law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Should investors worry about vacancy in Bowling Green, OH?
Expect elevated vacancy in Bowling Green, OH. Rents at $1,041/mo are absorbed by the tenant base without meaningful lag.
You know 43402 now. You don’t know where it ranks.
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How 43402 ranks in Toledo, OH
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