How many renters live in Bowling Green, Florida?
The City of Bowling Green has 2,484 people living in 728 households.
There are 897 renters living in 309 renter households in this City. Renters make up 36.11 percent of the population living in Bowling Green.
What is the rental market like in Bowling Green, Florida?
There are an estimated 865 housing units in the Bowling Green area. Of these, 345 units are rental homes, making up 40 percent of the housing market. For every renter household in Bowling Green, Florida, there are 1 rental units.
What is the vacancy rate for rentals in Bowling Green?
The rental vacancy rate in Bowling Green is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Bowling Green for each bedroom size?
Occupied Rental Units by Size in Bowling Green
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 24 | 145 | 140 | 0 |
Occupied Rental Units by Size in Bowling Green
A large number of apartments in Bowling Green have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Bowling Green are overburdened by housing costs?
Among renter households in this market, 47 percent have housing cost burden. Further, 22 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Bowling Green
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $718 to $1,327. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $718 |
| One BR | $723 |
| Two BR | $950 |
| Three BR | $1,235 |
| Four BR | $1,327 |
2024 Fair Market Rents in Bowling Green, Florida
How many units are rented at Fair Market Rent (FMR) in Bowling Green?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 22 | 92 percent |
| Two BR | 71 | 49 percent |
Rental Units Below FMR in Bowling Green, Florida
How many affordable rental units are in Bowling Green?
There are a variety of federal affordable housing programs serving households in Bowling Green, Florida including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 40 |
| USDA Section 515 Rural Rental Housing | 40 |
Tracked Units by Federal Program in Bowling Green, Florida
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Bowling Green, Florida
Bowling Green features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Bowling Green, Florida
There are 160 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bowling Green.
Housing Choice Vouchers in Bowling Green, Florida
On average, Section 8 Housing Choice vouchers pay Bowling Green landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bowling Green.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bowling Green, Florida for a two-bedroom apartment is between $855 and $1,045.
Sourced from federal housing data and AffordableHousingOnline.com research.
