Bowie, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bowie, MD Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bowie Housing Market Information

With a population of 58,393, 20,314 total housing units (homes and apartments), and a median house value of $372,064, real estate costs in Bowie are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Single-family detached homes are the single most common housing type in Bowie, accounting for 71.26% of the city's housing units. Other types of housing that are prevalent in Bowie include row houses and other attached homes ( 18.65%), large apartment complexes or high rise apartments ( 9.17%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bowie. Owner-occupied housing accounts for 82.28% of Bowie's homes, and 74.94% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bowie built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bowie built between 1940-1969 ( 36.71%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.32%).

Bowie Home Appreciation Rates

Bowie's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bowie during the period has been just -0.36%, which is lower than 80% of US communities.

Over the last year, Bowie appreciation rates have trailed the rest of the nation. In the last twelve months, Bowie's appreciation rate has been 3.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bowie were at 1.36%, which equates to an annual appreciation rate of 5.56%.

Relative to Maryland, our data show that Bowie's latest annual appreciation rate is lower than 50% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bowie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bowie - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bowie real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$372,064

Bowie, MD HOME PRICES

Value Range
> $1,199,000 0.8
$899,001 - $1,199,000 0.8
$599,001 - $899,000 5.6
$479,001 - $599,000 12.1
$359,001 - $479,000 29.8
$240,001 - $359,000 36.0
$120,001 - $240,000 11.3
$60,001 - $120,000 1.0
$0 - $60,000 2.5

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
12.5372262773723 30.8270676691729

Number Of Homes And Apartments:
20,314

Bowie Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
88.73% 3.49%
8
9
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$2,724 / per month

Homeownership Rate

Homeownership
Owners 82.28
Renters 17.72
Vacant 3.74

Housing Market Details

 

Age of Homes

AGE OF Bowie HOMES
2000 or Newer 11.3
1970 - 1999 51.2
1940 - 1969 36.7
1939 or Older 0.8

Types of Homes

TYPE OF Bowie HOMES
Single-Family 71.3
Townhomes 18.6
Small Apt. Buildings 0.8
Apt. Complexes 9.2
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Bowie HOMES
No Bedroom 0.40
1 Bedroom 4.29
2 Bedrooms 10.02
3 Bedrooms 35.66
4 Bedrooms 39.29
5 or more bedrooms 10.34