Bowie, MD—20720
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 $583,000, 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 | $583,000 | 1.5% |
| Single Family | $599,000 | 1.4% |
| Condos | $370,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $335,000 | 2.8% |
3 Bed | $462,000 | 0.9% |
4 Bed | $644,000 | 0.3% |
| 5 Bed | $714,000 | 0.0% |
% of Housing Stock
Rental Trends — Bowie, MD
As of July '25, Rentcast reports the average rent in Bowie, MD is $3,370, with a year-over-year rent change of 8.7%. Per bedroom, the median rent as of July '25 in Bowie, MD is 1-bedrooms: $1,270, 2-bedrooms: $2,130, 3-bedrooms: $3,270, 4-bedrooms: $3,790. The most common rental property sizes in Bowie, MD are 3-bedroom and 4-bedroom, accounting for 59.4% and 17.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,450 | $3,370 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,270 |
| 2 Bed Rent | $1,850 | $2,130 |
| 3 Bed Rent | $3,200 | $3,270 |
| 4 Bed Rent | $3,900 | $3,790 |
% 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 46. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $650,000 | 14.0% |
Listing Count | 79 | 40.0% |
| Listings as % of Homes | 0.7% | 40.0% |
Days on Market | 46 | 8.0% |
Demographics — Bowie, MD
As of the latest ACS Survey released in 2023, Bowie, MD has a population of 26,200, which has increased by 11.7% over the past 5 years. Bowie, MD is a moderately popular place for families, as children make up 24.5% of the population. The area has a highly educated workforce, with 59.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,200 | 11.7% |
% Under 18 | 24.5% | 5.2% |
% Seniors | 13.5% | 22.7% |
% WFH | 22.7% | 238.8% |
% w/ College Degree | 59.2% | 7.2% |
As of the latest ACS Survey released in 2023, Bowie, MD is a predominantly black area, with 70.5% of the population identifying as black. The black population has grown by 4.0% in the last 5 years. The second most common race or ethnicity in Bowie, MD is white, making up 12.1% of the population. Foreign-born residents account for 22.7% of the population in Bowie, MD, and this percentage has increased by 22.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 12.1% | -23.4% |
% Black | 70.5% | 4.0% |
% Hispanic | 6.5% | 10.2% |
% Asian | 4.5% | -40.0% |
% Foreign Born | 22.7% | 22.7% |
Mortgage and Risk — Bowie, MD
According to HUD data as of 2023, there were 487 mortgage originations in Bowie, MD, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Bowie, MD. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 487 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Bowie, MD
As of 2024, the percent of homes in Bowie, MD under the Section 8 program is 21.0%. This is considered high, suggesting that the neighborhood is heavily 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 | 160 |
Total Units Section 8 | 149 |
% Rentals under Section 8 | 21.0% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,700 | $1,100 | $2,800 |
| 2 Bedroom | $1,300 | $1,850 | $3,150 |
| 3 Bedroom | $740 | $3,200 | $3,940 |
| 4 Bedroom | $750 | $3,900 | $4,650 |
Affordability — Bowie, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $583,000 |
| Median Household Income | $163,000 |