Housing Insights for ZIP Code 20720 (Bowie, MD)

Housing Summary for ZIP Code 20720

Homeowners

The median home value in ZIP Code 20720 (Bowie, MD) is $406,200. Approximately 91.4% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.6%.

The average occupancy of owner-occupied units in ZIP Code 20720 is 3.05 occupants, while owner-occupied units have an aggregate average size of 3.92 bedrooms per housing unit.

Renters

In the 20720 ZIP Code, an estimated 8.6% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 4.8%.

Among renter-occupied units in this ZIP, the average occupancy is 2.90 occupants, while renters in this Prince George's County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 20720

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 20720.

ZIP 20720 Maryland U.S.
Median Home Value $406,200 $433,613 $361,498
Owner-Occupied Housing Units 91.4% 66.9% 64.0%
Homeowner Vacancy Rate 0.6% 1.7% 1.6%
Average Size of Owner-Occupied Unit 3.05 2.75 2.70
Average # of Bedrooms Per Unit 3.92 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 8.6% 33.1% 36.0%
Rental Vacancy Rate 4.8% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.90 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 20720 (Bowie, MD)

The median home value in ZIP Code 20720 is $406,200. That median value is about 29% higher than the median home value of $314,800 in Maryland overall, and is 87% higher than the $217,500 the median home value in the entire U.S. An estimated 56.5% of homes in ZIP Code 20720 are valued $300,000 to $499,999. That is 72% higher than in the state of Maryland, in which 32.8% of homes are valued at $300,000 to $499,999, and is about 193% higher than in the U.S. overall (19.3% of homes valued at $300,000 to $499,999). The home value range that the smallest portion of ZIP Code 20720 homes fall into is $50,000 to $99,999 (0.0% of homes).

Home Values in ZIP Code 20720

This chart visualizes the breakdown of home values in ZIP Code 20720, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 20720 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 20720

See the table below for a regional comparison of home values in ZIP Code 20720.

Home Value ZIP 20720 Maryland U.S.
Less than $50,000 1.6% 2.7% 6.9%
$50,000 to $99,999 0.0% 3.7% 12.0%
$100,000 to $149,999 0.4% 6.3% 13.3%
$150,000 to $199,999 2.5% 9.9% 14.0%
$200,000 to $299,999 16.7% 24.4% 19.6%
$300,000 to $499,999 56.5% 32.8% 19.3%
$500,000 to $999,999 21.9% 17.1% 11.4%
$1,000,000 or more 0.3% 3.1% 3.4%

Home Ages in ZIP Code 20720 (Bowie, MD)

Approximately 33.7% of homes in this Bowie, MD region were built in 1990 to 1999. This amount of homes built in 1990 to 1999 in ZIP Code 20720 is about 136% higher than percentage of homes built in this time period in Maryland overall (14.3% of homes), and is 142% higher the percentage (13.9% of homes) in the U.S. as a whole. Additionally, an esimated 27.5% of local homes were built in 2000 to 2009. On the other end of the scale, just 0.4% of homes in this Prince George's County ZIP Code were built in 1939 or earlier in ZIP Code 20720. In comparison, 11.8% of homes in Maryland overall were built in 1939 or earlier, while 12.6% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 20720

A detailed regional comparison of home ages in ZIP Code 20720.

Year Built ZIP 20720 Maryland U.S.
2014 or later 4.1% 2.3% 2.5%
2010 to 2013 5.4% 2.6% 2.7%
2000 to 2009 27.5% 11.4% 14.0%
1990 to 1999 33.7% 14.3% 13.9%
1980 to 1989 18.3% 15.3% 13.4%
1970 to 1979 4.0% 14.1% 15.2%
1960 to 1969 4.7% 11.5% 10.6%
1950 to 1959 1.3% 11.4% 10.3%
1940 to 1949 0.6% 5.2% 4.9%
1939 or earlier 0.4% 11.8% 12.6%

Age of Homes in ZIP Code 20720

See the chart below for details on the age of homes in ZIP Code 20720, Maryland, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 20720

Frequently asked questions about housing in this Bowie, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 20720.

1

What is the average home value ZIP Code 20720?

The median home value in ZIP Code 20720 (Bowie, MD) is $406,200.
2

Are homes expensive in ZIP Code 20720?

The median home value in 20720 ($406,200) is an estimated 29% higher than the aggregate median value of $314,800 in Maryland, and is 87% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 20720?

The vacacy rate for owner-occupied housing in ZIP Code 20720 is 0.6%. This rate is 65% lower than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 20720 vacancy rate is 63% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 20720 have older homes or newer construction?

In ZIP Code 20720, about 33.7% of homes were built in 1990 to 1999. That time range includes the most home construction. Also, 27.5% of homes in the region were built in 2000 to 2009. In contrast, 0.4% of homes in 20720 were built in 1939 or earlier.
5

What is the housing breakdown in ZIP Code 20720? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 20720 than renter-occupied housing. Owner-occupied units make up 91.4% of housing, compared to 8.6% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 20720?

The vacacy rate for rental units in ZIP Code 20720 is 4.8%. This rate is 20% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 20720 vacancy rate is 20% lower than the entire U.S. vacancy rate of 6.0%.