Bowie, MD—20721
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 $589,000, with a year-over-year change of 1.4%. This indicates that home prices in Bowie, MD are increasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $589,000 | 1.4% |
| Single Family | $599,000 | 1.2% |
| Condos | $331,000 | 0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $327,000 | 0.9% |
3 Bed | $449,000 | 0.0% |
4 Bed | $615,000 | 0.3% |
| 5 Bed | $713,000 | -0.3% |
% of Housing Stock
Rental Trends — Bowie, MD
As of July '25, Rentcast reports the average rent in Bowie, MD is $2,960, with a year-over-year rent change of -0.3%. Per bedroom, the median rent as of July '25 in Bowie, MD is 1-bedrooms: $1,730, 2-bedrooms: $2,420, 3-bedrooms: $3,010, 4-bedrooms: $3,790. The most common rental property sizes in Bowie, MD are 2-bedroom and 3-bedroom, accounting for 31.9% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $2,960 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,780 | $1,730 |
| 2 Bed Rent | $2,500 | $2,420 |
| 3 Bed Rent | $2,950 | $3,010 |
| 4 Bed Rent | $3,500 | $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 31. This is a increase of 35.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $647,000 | -4.0% |
Listing Count | 86 | 74.0% |
| Listings as % of Homes | 0.5% | 74.0% |
Days on Market | 31 | 35.0% |
Demographics — Bowie, MD
As of the latest ACS Survey released in 2023, Bowie, MD has a population of 30,300, which has increased by 1.8% over the past 5 years. Bowie, MD is a moderately popular place for families, as children make up 17.6% of the population. The area has a highly educated workforce, with 58.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,300 | 1.8% |
% Under 18 | 17.6% | -13.7% |
% Seniors | 21.6% | 43.0% |
% WFH | 20.2% | 304.0% |
% w/ College Degree | 58.7% | 8.1% |
As of the latest ACS Survey released in 2023, Bowie, MD is a predominantly black area, with 85.7% of the population identifying as black. The black population has grown by 1.4% in the last 5 years. The second most common race or ethnicity in Bowie, MD is white, making up 6.1% of the population. Foreign-born residents account for 15.3% of the population in Bowie, MD, and this percentage has increased by 7.0% 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 | 6.1% | -19.7% |
% Black | 85.7% | 1.4% |
% Hispanic | 3.9% | 8.3% |
% Asian | 1.7% | 54.5% |
% Foreign Born | 15.3% | 7.0% |
Mortgage and Risk — Bowie, MD
According to HUD data as of 2023, there were 242 mortgage originations in Bowie, MD, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Bowie, MD. Investor activity is low, as 0.0% 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 | 242 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% 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 13.4%. 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 | 191 |
Total Units Section 8 | 191 |
% Rentals under Section 8 | 13.4% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $990 | $1,780 | $2,770 |
| 2 Bedroom | $620 | $2,500 | $3,120 |
| 3 Bedroom | $950 | $2,950 | $3,900 |
| 4 Bedroom | $1,100 | $3,500 | $4,600 |
Affordability — Bowie, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $589,000 |
| Median Household Income | $168,000 |