Bowie, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bowie, TX 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (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 5,126, 2,167 total housing units (homes and apartments), and a median house value of $109,916, house prices in Bowie are solidly below the national average.

Single-family detached homes are the single most common housing type in Bowie, accounting for 80.44% of the city's housing units. Other types of housing that are prevalent in Bowie include large apartment complexes or high rise apartments ( 9.11%), duplexes, homes converted to apartments or other small apartment buildings ( 6.70%), and a few mobile homes or trailers ( 3.76%).

The most prevalent building size and type in Bowie are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.01% owning and 44.99% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bowie's housing was primarily built during this period, from the '40s through the '60s. A full 42.38% of the city's housing hails from this era. Other housing ages represented in Bowie include homes built between 1970-1999 ( 34.46%) and housing constructed between 2000 and later ( 15.56%). There's also some housing in Bowie built before 1939 ( 7.59%).

Vacant housing appears to be an issue in Bowie. Fully 11.51% of the housing stock is classified as vacant. Left unchecked, vacant Bowie homes and apartments can be a drag on the real estate market, holding Bowie real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bowie Home Appreciation Rates

In the last 10 years, Bowie has experienced some of the highest home appreciation rates of any community in the nation. Bowie real estate appreciated 27.94% over the last ten years, which is an average annual home appreciation rate of 2.49%, putting Bowie in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bowie definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Bowie's appreciation rate, at 5.00%, has been at or slightly above the national average. In the latest quarter, Bowie's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

Relative to Texas, our data show that Bowie's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$109,916

Bowie, TX HOME PRICES

Value Range
> $1,132,000 0.0
$849,001 - $1,132,000 0.0
$566,001 - $849,000 0.0
$453,001 - $566,000 0.0
$340,001 - $453,000 4.4
$226,001 - $340,000 2.3
$113,001 - $226,000 35.9
$57,001 - $113,000 41.7
$0 - $57,000 15.7

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
71.4109926168991 57.0038910505837

Number Of Homes And Apartments:
2,167

Bowie Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
78.77% 3.43% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,079 / per month

Homeownership Rate

Homeownership
Owners 55.01
Renters 44.99
Vacant 11.51

Housing Market Details

 

Age of Homes

AGE OF Bowie HOMES
2000 or Newer 15.6
1970 - 1999 34.5
1940 - 1969 42.4
1939 or Older 7.6

Types of Homes

TYPE OF Bowie HOMES
Single-Family 80.4
Townhomes 0.0
Small Apt. Buildings 6.7
Apt. Complexes 9.1
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Bowie HOMES
No Bedroom 4.98
1 Bedroom 10.41
2 Bedrooms 25.64
3 Bedrooms 47.82
4 Bedrooms 10.45
5 or more bedrooms 0.69

Popular Neighborhoods in Bowie

Zip Codes in Bowie, TX