Quick facts: Bowie, MD

Quick Facts

114.1
Cost of Living
above US average
57,192
Population
13.1
Crime Rate per 1000
below US average
$138,797
Median Income
above US average
$549,900
Median House Price
above US average
$3094.75
Average Rent
above US average
5%
Poverty Rate
below US average
2.8%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $138,797.

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Income Needed to Buy

βœ— Stretch
$173k/year
Based on $549,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $173k vs median $138,797
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Income Needed to Rent

βœ“ Affordable
$133k/year
Based on $3094.75/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($138,797) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bowie, MD

Bowie, Maryland, is a vibrant city located in Prince George’s County, approximately 20 miles east of Washington, D.C. Established in the late 1800s, Bowie has grown from a small railroad town to one of Maryland's largest cities, embodying a perfect blend of suburban living and urban amenities. The city boasts a diverse population and a rich history, highlighted by the historic Belair Mansion and the beautiful grounds of the Bowie Town Center. With numerous parks, recreational facilities, and a strong sense of community, Bowie offers residents ample opportunities for outdoor activities, including walking trails, sports fields, and playgrounds. The city is also home to several shopping centers, restaurants, and entertainment options, making it convenient for residents and visitors alike. Bowie's strategic location provides easy access to major highways and public transit, facilitating commutes to Washington D.C. and Baltimore. The city's excellent schools and community services make it an attractive place for families. Overall, Bowie is a dynamic city that combines a charming suburban lifestyle with proximity to the cosmopolitan allure of the nation's capital.

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