Bowie, MD Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bowie, MD Housing Market Trends

With a population of 58,643, 20,983 total housing units (homes and apartments), and a median house value of $426,341, 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 70.06% of the city's housing units. Other types of housing that are prevalent in Bowie include row houses and other attached homes ( 19.44%), large apartment complexes or high rise apartments ( 9.87%).

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 82.07% of Bowie's homes, and 76.10% 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 ( 35.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.98%).

Bowie Home Appreciation Rates

Appreciation rates for homes in Bowie have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 51.81%, which ranks in the top 40% nationwide. This equates to an annual average Bowie house appreciation rate of 4.26%.

NeighborhoodScout's data show that during the latest twelve months, Bowie's appreciation rate, at 9.23%, has been at or slightly above the national average. In the latest quarter, Bowie's appreciation rate has been 2.66%, which annualizes to a rate of 11.07%.

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:
$426,341

Bowie, MD HOME PRICES

> $1,229,000
0.5%
0.5%
$921,001 - $1,229,000
1.1%
1.1%
$614,001 - $921,000
8.5%
8.5%
$491,001 - $614,000
15.4%
15.4%
$369,001 - $491,000
39.0%
39.0%
$246,001 - $369,000
27.1%
27.1%
$123,001 - $246,000
6.8%
6.8%
$61,001 - $123,000
0.5%
0.5%
$0 - $61,000
1.2%
1.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MD

Value Relative To Nation

Number Of Homes And Apartments:
20,983

Bowie Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
121.69% 3.77%
9
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,711 / per month

Homeownership Rate

Owners
82.1%
82.1%
Renters
17.9%
17.9%
Vacant
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.0%
12.0%
1970 - 1999
51.9%
51.9%
1940 - 1969
35.6%
35.6%
1939 or Older
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
70.1%
70.1%
Townhomes
19.4%
19.4%
Small Apt. Buildings
0.6%
0.6%
Apt. Complexes
9.9%
9.9%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
4.2%
4.2%
2 Bedrooms
9.8%
9.8%
3 Bedrooms
36.8%
36.8%
4 Bedrooms
39.3%
39.3%
5 or more bedrooms
9.2%
9.2%
0.0% 100.0%
% OF HOMES