What Is The Median Home Prices In Bowie MD?
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.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
Some states make the legal assumption, based on title theory, that the mortgagee is a partial owner of the real estate securing the mortgage and remains as is until the debt is fully paid. ...
To default on a loan means to intentionally or unintentionally miss several consecutive monthly payments over the course of a few weeks or months. Most borrowers learn the definition of ...
(1) Occupancy rate at which rental income of a property pays for operating expenses and debt service, leaving no residual cash flow. (2) The level of sales of a real estate business where ...
One of series of parallel beams directly supporting a floor or a roof. Joists can be made out of wood, steel or steel reinforced concrete. Joists are in turn supported by other beams or ...
Physical record card where the date of the last assessment valuation and its results, as well as a property description are kept. ...
Type of investment company that invests money in mortgages and various types of investment in real estate, in order to earn profits for shareholders. Shareholders receive income from the ...
Wall having an air space between the two sides. A hollow wall is often covered with wallboard that is nailed to the wall studs providing an air space between the two sides. ...
Mortgage for an extended time period (e.g., 25 years) Type of real estate investment trust (REIT) that gives long-term mortgages to real estate developers and contractors on new or ...
Individual who by his expertise, education, and experience prepares syndication reports. ...
Have a question or comment?
We're here to help.