Bowie, Maryland Housing Market Prices
Bowie Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 78% above the Maryland median$476,591
-
Median rent 36% above the Maryland median$2,314
Housing Market Overview
| Metric | Bowie | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $476,591 | $267,101 | $248,835 |
| Price Trend (Annual %) | 4.4% | 3.4% | 7.5% |
| Median Gross Rent | $2,314 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bowie is about 78% higher than in Maryland. Rent is about 36% higher than the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Bowie, up about 4.4% and 3.0% a year respectively. Home prices are changing faster.
Median rent in Bowie rose about 28.3% between 2015 and 2024, from $1,803 to $2,314. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Bowie.
Buying the median-priced home in Bowie costs roughly 17.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Bowie. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Bowie | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $476,591 | $267,101 | $248,835 |
| Median Household Income | $140,211 | $103,916 | $80,455 |
| Price-to-Income Ratio | 3.4 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bowie rose about 91.4%, while median household income rose about 38.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bowie | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 80.1% | 62.4% | 58.5% |
| Rental Rate | 17.4% | 29.9% | 31.2% |
| Vacancy Rate | 2.5% | 7.7% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Bowie has a homeownership rate of 80.1%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 2.5%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Bowie | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.63 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1981 | 1977 | 1978 |
| Median Number of Rooms | 7.0 | 6.2 | 5.5 |
The typical housing unit in Bowie was built around 1981. On average, 2.6 people live in a home with about 7.0 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bowie, Maryland.
What is the median home price in Bowie, Maryland?
The median home price in Bowie, Maryland is $476,591, higher than the Maryland average of $267,101.
What is the average home price in Bowie, Maryland?
The typical home price in Bowie, Maryland, reported as the median sale price, is $476,591. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bowie, Maryland?
The median gross rent in Bowie, Maryland is $2,314 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Bowie in 2020?
In 2020, the median gross rent in Bowie, Maryland was $1,932 per month.
What is the price-to-rent ratio in Bowie, Maryland?
The price-to-rent ratio in Bowie, Maryland is about 17.2, meaning it would take roughly 17.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Bowie.
Are home prices or rent rising faster in Bowie, Maryland?
Both home prices and rent are rising in Bowie, up about 4.4% and 3.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bowie, Maryland?
80.1% of households in Bowie, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Bowie, Maryland?
The housing vacancy rate in Bowie, Maryland is 2.5%, lower than the Maryland average of 7.7%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →