The housing market in 20720 Bowie, MD is steadily increasing with a median home value at $529,600. This is significantly higher than the US median home value of $338,100 and reflects an appreciation rate of 6.91% over the past year — lower than the 8.27% 1-year appreciation rate for homes across the country. As such, buyers looking for a new place to call home should take advantage of this slower rate of increase to get into the market soon.
The median home cost in Bowie (zip 20720) is $529,600. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Bowie (zip 20720) is up 10.7%.
Average Age of Homes
- The median age of Bowie (zip 20720) real estate is 21 years old
The Rental Market in Bowie (zip 20720)
- Renters make up 8.5% of the Bowie (zip 20720) population
- 0.2% of houses and apartments in Bowie (zip 20720), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.