What Is The Median Home Prices In Bowie MD?

Definition of "What is the median home prices in Bowie MD?"

Ronald Bartlett real estate agent

Written by

Ronald Bartlettelite badge icon

RE/MAX Complete

The city of Bowie, Maryland is today the largest municipality in Prince George’s County and it all started with a small railroad stop. With a population of about  60,000 people, Bowie is the third-largest city in the state of Maryland. The city was also noted when CNN Money ranked it amongst the best places to live back in 2014.

The city kept its standard way up high and they continued to grow ever since. In a safe city such as Bowie, MD the residents enjoy a peaceful lifestyle away from the crowded metropolitan areas. As far as the costs of living in Bowie, MD, the prices are quite high, and you should be prepared for the expensive lifestyle. After all, a city with high living standards comes at a price and that standards are maintained with money coming from your pocket if you want to live in a good place like Bowie.

Since we have mentioned the high costs of living, you probably already know that the biggest expense is housing. At the moment the median home value in Bowie MD stands at around $370,000 according to Zillow and the median list price per square foot is about $180. More than 50% of homes listed for sale are situated between the price range of $300,000 to $500,000.

Also, the average rent price is about $1,800 in Bowie and it has increased by about 4% over the last year. Home prices in Bowie tend to maintain their value quite well and with the help of top real estate agents in Bowie MD you will be able to get some pretty sweet deals.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

Amount by which the appraised value of property exceeds the debt balance. If property has a fair market value of $ 250,000 while the mortgage balance is $110,000, the owner's equity in the ...

Roof having two slopes or pitches on each side. The lower slope is greater than the upper slope. ...

Situation in which a business debts exceed the fair market value of its assets. ...

To sell property from one to the other and transfer all title and interest. Property is conveyed by bill of sale, contract, deed or other instrument. ...

Small piece of carpet often placed under a door or at an entrance to a doorway. ...

Are you speculating what a spec house means? (sorry for the lousy pun) The textbook spec (or speculative) house definition is “one built on an experimental basis, without an order ...

Lines determined by a government rectangular survey laying out a standard six-mile square area of land. ...

Medium price for a new second home. Medium is the middle value between the lowest and highest figures. ...

A lease. It is an agreement to rent property for a given amount and term specifying the terms and conditions for use. The term is mainly used when concerning residential property. ...