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Bowling Green town, VA

ZIP 22427 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 22427

Median Home Value
$293,000
Median Rent
$826
Affordability Snapshot
$81,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,882/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

29.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 22427 in Bowling Green town, VA, a household would need roughly $81,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,882. That is roughly in line with the local median household income ($76,635). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
60.6%-7% vs US avg
x
Vacancy Rate
12.1%+17% vs US avg
x
Broadband Access
87.4%+0% vs US avg
x
4+ Bedrooms
3.2%-78% vs US avg
x
Built Pre-1939
1.2%-91% vs US avg
x
Built Post-2014
0.4%-95% vs US avg
x
Rent Burden >30%
13.4%-73% vs US avg
x
Mortgage-Free
31.1%-19% vs US avg
x
$293,000
Home Value
$826
Rent
1982
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached65.4%
  • 1-unit attached19.5%
  • 2-9 units8.7%
  • 10+ units1.0%
  • Mobile home & other5.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$293,000
Median rent$826
Owner-occupied60.6%
Vacant12.1%
Price-to-income3.8x
Est. income to buy$81,000