Bowie's January First-Time Homebuyer Report

Bowie has a cost of living adjustment score of 122.6, which is expensive when compared to others in Maryland. Also, the area is considered very affluent with a median income of $94,674 per household. 20715, 20721, and 20720 are the three largest zip codes in terms of population. With a median age of 28 years, homes in Bowie tend to be relatively old. The top school in the city is Whitehall Elementary School.

Price Range

The median value of homes in Bowie is $248,200, making the area almost identical to others in Maryland. At the same time, the average list price of available homes is presently $316,196. The Bowie remained below its 12-month average sales volume this week as sales dropped 11.1% to hit 56 homes sold over the last 30 days.

Make sure you take a look at these eye-catching homes in Bowie that generated the most views from potential buyers:

$238K   $360K   $289K  

Typical Dwelling

A four-bedroom detached home valued around $340,103 is considered a typical dwelling in Bowie. If a buyer was looking for a similar home, they would need good credit and a $68,021 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,732 and the property tax rate is $16.07 per $1,000 of taxable assessed value.

Get started right now by checking out Bowie homes for sale or reviewing Bowie real estate trends.


Data reported through 1/12/2017

Comments:

Ask a local expert about this area:
Long & Foster Real Estate, Inc.
Snapped 2 homes in this area
Coldwell Banker Residential Brokerage
Snapped 36 homes in this area
Long & Foster Real Estate, Inc.
Snapped 13 homes in this area

Agents that specialize in this area
2 snaps in this area
8 snaps in this area
1 snap in this area
22 snaps in this area
4 snaps in this area
6 snaps in this area
128 snaps in this area
4 snaps in this area
1 snap in this area
6 snaps in this area
©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.