Mortgage payment estimates, closing cost breakdowns, and homebuying data for Bowie, Maryland.
Median Home Price
$445K
Population
58K
Avg Monthly Rent
$1,750
Property Tax Rate
1.09% *
* Property tax shown is the Maryland state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Bowie.
Bowie vs Maryland Median
The median home price in Bowie is $445,000, which is 6% above the Maryland state median of $420,000.
Mortgage Calculator — Bowie, MD
Pre-filled with Bowie median home price and Maryland tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $445K home using Maryland's 1.09% tax rate and $1,700/yr insurance.
5% Down
$3,465/mo
Down: $22,250
Loan: $423K
P&I: $2,672
Tax: $404
Insurance: $142
PMI: $247
10% Down
$3,311/mo
Down: $44,500
Loan: $401K
P&I: $2,531
Tax: $404
Insurance: $142
PMI: $234
20% Down (No PMI)
$2,796/mo
Down: $89,000
Loan: $356K
P&I: $2,250
Tax: $404
Insurance: $142
Income needed (28% rule): $120K/year with 20% down, $142K/year with 10% down.
Rent vs Buy in Bowie
Rent
$1,750/mo
vs
Buy (10% down)
$3,311/mo
Price-to-rent ratio: 21.2 — At a ratio above 20, renting may be more economical in Bowie for shorter stays. Buying costs $1,561 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
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.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Bowie.