All About Purchasing Property Fast in Bowie, MD
In this article, I'll dive into purchasing property fast in Bowie, MD.
Before I jump into buying real estate fast in the area, there are some things that you should know. Let me go over some background and then I’ll discuss some options.
Table of Contents
A Quick Overview of Bowie, Maryland
Nestled between Washington DC and Baltimore is a small city called Bowie in Maryland. Part of Prince George’s County, Bowie has a population of over 54,000 people (as of 2020). Even though this number may be small, it is actually the third-largest city in the State of Maryland.
The City of Bowie provides additional information on the city.
It is 18-square-miles in size and has more than 1,100 acres of parkland, paths, trails, and ball fields. Like any city regardless of size, if you are wanting to purchase property, there are both desirable areas, and areas best avoided. Keep reading if you are interested in the best and worst parts of Bowie to purchase property.
Property Data in Bowie, Maryland
According to Zillow, the average home value index in Bowie is $401,000, and home values in the area rise by about 8.7% per year. This rise in house value is expected to rise, and so the purchase of property in Bowie, whether it be for investment reasons or not, is looking to be a good move. Keep in mind that past performance does not guarantee future results.
If you can stay within the following good areas, then you will be onto a good thing.
Best Parts of Bowie to Purchase Property
If you are looking to purchase property in Bowie, you are going to want to look at the areas that have the lowest crime, the best quality of life, and the most conveniences. What is considered a good feature for someone (close to a major store) may not be so much of a positive factor for someone else. So, you must keep this in mind when choosing a property.
In general, the best parts of Bowie are the following:
If you were to look at Bowie on a map, you will notice that it is a long city, going from north to south. The center part of Bowie is by far the most desirable, and it is clear why. Four major parks are in this area – Fox Hill Recreation Centre, Enfield Chase Park, Centennial Park, and Allen Pond Park. whether you like going to parks or not, having so much green space and nature close by is always going to be a bonus.
Central Bowie also has the greatest conveniences, including The Home Depot, Walmart, Giant, and Target. Of course, you would not want to purchase property too close to these major stores, but anything within a minute or so of driving time is ideal.
The city of Bowie is generally bordered by the Crain Hwy on its east, however, over the highway is a pocket of Bowie which is ideal if you prefer peace and quiet. Eastern Bowie is southwest of the Globecom Wildlife Management Area and does not have any major stores or shopping areas in the vicinity. It is filled with cul-de-sacs and quiet streets, limiting traffic and non-local pedestrians. It is on the same side of the highway as the coast, so is extra appealing to those who like to be close to the water.
Worst parts of Bowie to purchase property
Overall, Bowie is considered an exceptionally good place to live and there are no bad parts as such (no one area has a particularly high crime rate or bad pollution). However, there are definitely parts of the city that are best avoided if possible.
The main reason why it would be best to not purchase property in the north of Bowie is not because it is a bad area as such – rather that there is not a lot there at all. It is dense, with lots of homes close together, and lots of intersecting roads. The closest major shop is Walmart, and you actually have to cross a highway to get there, so it is definitely not seen as particularly convenient. There are also not a lot of nice parks and playgrounds, so you will find yourself needing to drive more and more to get to interesting places.
The reasons for avoiding South Bowie for the purchase of property are very similar to the reasons for avoiding North Bowie – with one notable addition; It is right near the Six Flags America amusement park. Amusement parks are fun, however you do not want to be living in close vicinity to one. It will be very busy at peak times, and noise and light pollution will be high. There are also no real shopping centers or conveniences to be found, so like North Bowie, you will be needing to drive for longer to get to where you need to be.
Redfin highlights some of the market trends for the sale of property in Bowie, Maryland, which can help to shed some light on what to expect.
- Average home spends just 13 days on the market.
- Most homes sell on or above list price (on average, 3% above list price)
- Many homes get multiple offers, and it is not uncommon to have waived contingencies.
So, no matter what part of Bowie you decide to purchase in, it is important to be a savvy investor and keep an eye on the market. As evidenced in the stats above, houses generally do not spend much time on the market, so if you see a place that you like, especially if it is in one of the better areas, then you are best to go for it. No matter what the reason for purchasing a property in Bowie, it will be a good long-term investment, and you will enjoy the feeling of community that comes with living in such a great, small city.
Charles is the founder of infoSpike.com. He enjoys real estate investing, marketing, and personal finance. Read more about Charles here.