Bowie, MD—20716
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bowie, MD
As of Oct '25, the median home price in Bowie, MD is $458,000, with a year-over-year change of 1.5%. This indicates that home prices in Bowie, MD are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $458,000 | 1.5% |
| Single Family | $470,000 | 1.3% |
| Condos | $317,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $325,000 | 0.6% |
3 Bed | $431,000 | 1.4% |
4 Bed | $530,000 | 0.6% |
| 5 Bed | $640,000 | 0.2% |
% of Housing Stock
Rental Trends — Bowie, MD
As of July '25, Rentcast reports the average rent in Bowie, MD is $2,910, with a year-over-year rent change of 17.8%. Per bedroom, the median rent as of July '25 in Bowie, MD is 1-bedrooms: $1,920, 2-bedrooms: $2,120, 3-bedrooms: $3,060, 4-bedrooms: $3,530. The most common rental property sizes in Bowie, MD are 2-bedroom and 1-bedroom, accounting for 36.7% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,780 | $2,910 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,790 | $1,920 |
| 2 Bed Rent | $2,000 | $2,120 |
| 3 Bed Rent | $2,800 | $3,060 |
| 4 Bed Rent | $3,500 | $3,530 |
% of Rental Stock
Property Listings — Bowie, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Bowie, MD is 36. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $517,000 | 0.0% |
Listing Count | 132 | -7.0% |
| Listings as % of Homes | 0.7% | -7.0% |
Days on Market | 36 | -5.0% |
Demographics — Bowie, MD
As of the latest ACS Survey released in 2023, Bowie, MD has a population of 22,700, which has increased by 3.0% over the past 5 years. Bowie, MD is a moderately popular place for families, as children make up 20.7% of the population. The area has a highly educated workforce, with 48.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,700 | 3.0% |
% Under 18 | 20.7% | -4.6% |
% Seniors | 16.3% | 27.3% |
% WFH | 23.5% | 422.2% |
% w/ College Degree | 48.6% | 6.6% |
As of the latest ACS Survey released in 2023, Bowie, MD is a predominantly black area, with 69.6% of the population identifying as black. The black population has grown by 11.5% in the last 5 years. The second most common race or ethnicity in Bowie, MD is white, making up 16.9% of the population. Foreign-born residents account for 16.6% of the population in Bowie, MD, and this percentage has decreased by 4.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 16.9% | -24.2% |
% Black | 69.6% | 11.5% |
% Hispanic | 9.4% | 64.9% |
% Asian | 2.6% | -55.2% |
% Foreign Born | 16.6% | -4.6% |
Mortgage and Risk — Bowie, MD
According to HUD data as of 2023, there were 576 mortgage originations in Bowie, MD, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Bowie, MD. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 576 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Bowie, MD
As of 2024, the percent of homes in Bowie, MD under the Section 8 program is 6.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Bowie, MD, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 187 |
Total Units Section 8 | 178 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 94.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $1,790 | $2,150 |
| 2 Bedroom | $420 | $2,000 | $2,420 |
| 3 Bedroom | $230 | $2,800 | $3,030 |
| 4 Bedroom | $70 | $3,500 | $3,570 |
Affordability — Bowie, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $458,000 |
| Median Household Income | $123,000 |