Bowie, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bowie, MD Real Estate Data


Bowie Housing Market Information

With a population of 58,025, 19,402 total housing units (homes and apartments), and a median house value of $369,003, 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 71.86% of the city's housing units. Other types of housing that are prevalent in Bowie include row houses and other attached homes ( 18.51%), large apartment complexes or high rise apartments ( 8.76%).

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 84.52% of Bowie's homes, and 75.57% 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 ( 38.29%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.14%).

Bowie Home Appreciation Rates

Homes have actually lost value in Bowie over the last then years, as home values have seen a decline of 18.81% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bowie home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

NeighborhoodScout's data show that during the latest twelve months, Bowie's appreciation rate, at 5.06%, has been at or slightly above the national average. In the latest quarter, Bowie's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

Relative to Maryland, our data show that Bowie's latest annual appreciation rate is higher than 70% 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:
$369,003

Bowie, MD HOME PRICES

Value Range
> $1,186,000 1.0
$890,001 - $1,186,000 0.8
$593,001 - $890,000 5.6
$474,001 - $593,000 11.1
$356,001 - $474,000 29.6
$237,001 - $356,000 39.1
$119,001 - $237,000 9.9
$59,001 - $119,000 0.6
$0 - $59,000 2.4

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
11.3427416993617 30.7984790874525

Number Of Homes And Apartments:
19,402

Rent & Ownership

 

Average Market Rent:
$2,017 / per month

Homeownership Rate

Homeownership
Owners 84.52
Renters 15.48
Vacant 3.98

Housing Market Details

 

Age of Homes

AGE OF Bowie HOMES
2000 or Newer 10.1
1970 - 1999 50.8
1940 - 1969 38.3
1939 or Older 0.8

Types of Homes

TYPE OF Bowie HOMES
Single-Family 71.9
Townhomes 18.5
Small Apt. Buildings 0.6
Apt. Complexes 8.8
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Bowie HOMES
No Bedroom 0.20
1 Bedroom 4.38
2 Bedrooms 9.48
3 Bedrooms 37.35
4 Bedrooms 38.23
5 or more bedrooms 10.36

Bowie Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
76.24% 3.39% 8 9
* 10 is highest