No, its in New Zealand
Bilbo is a fictional character in the book series The Lord of the Rings. He is also the protagonist in the book The Hobbit. He is a hobbit, which is not a race of being known to exist in our world. So, no, Bilbo isn't real.
Most hobbits say that Bilbo is cracked (mad) and at one point a hobbit says "...and young frodo here, he's cracking!". Most think that they're too adventurous (for a hobbit, that is.)
All thirteen of the dwarves, followed by a chuckling Gandalf.
Daisy
The main problem in the Hobbit is that the dwarves want to reclaim their ancestral home, but there is a dragon living in it.
Bilbo's surname is Baggins.
Thorin
We all know that Bilbo had no use or interest for the treasure at all. He got coaxed into going along on this adventure but really he would have rather stayed in his hobbit hole and went about is usual business. Even when he is coming up with a plan to get into the mountain he is wishing he were at home where he was safe and had plenty of food and water. Before the journey even started he was in it as a business deal and he really did not care about his fourteenth share.
Bilbo's decision to name his sword "Sting" reveals his growing confidence and courage in his abilities. By personifying his weapon, he is asserting his own identity and readiness to take on the challenges ahead. It symbolizes his transformation from a timid hobbit into a brave adventurer.
It is too close to the home of the dragon.
During the riddle game, Gollum’s ring is in Bilbo’s pocket.
That's debatable, really. Probably the most obvious characteristic of a hobbit-hole is their rounded green doors, since they can be seen even from the road.