Mortgage payment estimates, closing cost breakdowns, and homebuying data for Bowie, Maryland.
Pre-filled with Bowie median home price and Maryland tax/insurance rates. Adjust for your property.
Estimated closing costs based on Maryland rates and fees applied to Bowie prices.
The median home price in Bowie is $445,000, 6% above the Maryland state median of $420,000. With a population of 58,025, Bowie is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Maryland average 1.09% annually. This moderate property tax rate means a $445,000 home in Bowie would carry roughly $404/month in property taxes. Homeowners insurance in Maryland runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Bowie is $1,750/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Bowie is a higher-cost market. At $445K median, buyers need significant savings or strong income. Down payment assistance through Maryland's MD Mortgage Program program becomes especially important.