Bowie, MD—20715
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 $486,000, with a year-over-year change of 1.3%. This indicates that home prices in Bowie, MD are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $486,000 | 1.3% |
| Single Family | $487,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $326,000 | 1.2% |
3 Bed | $479,000 | 1.5% |
4 Bed | $504,000 | 1.0% |
| 5 Bed | $597,000 | 0.5% |
% of Housing Stock
Rental Trends — Bowie, MD
As of July '25, Rentcast reports the average rent in Bowie, MD is $2,980, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in Bowie, MD is studios: $2,040, 1-bedrooms: $1,680, 2-bedrooms: $2,700, 3-bedrooms: $3,010, 4-bedrooms: $3,260. The most common rental property sizes in Bowie, MD are 3-bedroom and 4-bedroom, accounting for 47.1% and 41.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $2,980 |
| Studio Rent | $2,040 | $2,040 |
| 1 Bed Rent | $1,500 | $1,680 |
| 2 Bed Rent | $2,700 | $2,700 |
| 3 Bed Rent | $3,000 | $3,010 |
| 4 Bed Rent | $3,200 | $3,260 |
% 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 33. This is a increase of 44.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $525,000 | 5.0% |
Listing Count | 81 | 48.0% |
| Listings as % of Homes | 0.6% | 48.0% |
Days on Market | 33 | 44.0% |
Demographics — Bowie, MD
As of the latest ACS Survey released in 2023, Bowie, MD has a population of 26,500, which has remained stable by -0.9% over the past 5 years. Bowie, MD is a moderately popular place for families, as children make up 21.1% of the population. The area has a highly educated workforce, with 47.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,500 | -0.9% |
% Under 18 | 21.1% | 5.5% |
% Seniors | 15.8% | -1.9% |
% WFH | 22.6% | 318.5% |
% w/ College Degree | 47.9% | 1.5% |
As of the latest ACS Survey released in 2023, Bowie, MD is a predominantly white area, with 42.7% of the population identifying as white. The white population has shrunk by 14.8% in the last 5 years. The second most common race or ethnicity in Bowie, MD is black, making up 38.3% of the population. Foreign-born residents account for 11.2% of the population in Bowie, MD, and this percentage has decreased by 8.2% 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 | 42.7% | -14.8% |
% Black | 38.3% | 23.9% |
% Hispanic | 8.7% | -14.7% |
% Asian | 3.9% | -32.8% |
% Foreign Born | 11.2% | -8.2% |
Mortgage and Risk — Bowie, MD
According to HUD data as of 2023, there were 521 mortgage originations in Bowie, MD, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 40.0% 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. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 521 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Bowie, MD
As of 2024, the percent of homes in Bowie, MD under the Section 8 program is 13.1%. 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 | 124 |
Total Units Section 8 | 112 |
% Rentals under Section 8 | 13.1% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,080 | $1,500 | $2,580 |
| 2 Bedroom | $200 | $2,700 | $2,900 |
| 3 Bedroom | $630 | $3,000 | $3,630 |
| 4 Bedroom | $1,080 | $3,200 | $4,280 |
Affordability — Bowie, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $486,000 |
| Median Household Income | $140,000 |