The housing market in Bowie, MD is doing well. The median value for a house in Bowie is $471,100 which is significantly higher than the US House Median Value of $338,100. In the past year, the appreciation rate for houses in Bowie was 6.91%, lower than the national average of 8.27%. This indicates that prices are increasing slower than nationally but still many people are investing in real estate in this area and it is likely to continue to be a desirable place to live.
The median home cost in Bowie is $471,100. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Bowie is up 10.7%.
Average Age of Homes
- The median age of Bowie real estate is 34 years old
The Rental Market in Bowie
- Renters make up 14.4% of the Bowie population
- 0.3% of houses and apartments in Bowie, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.