The typical owner-occupied home in Bowie is worth about $60,700, 85% below the Arizona median of $394,500 and 82% below the national median of $332,700. Owners pay a median $650 a year in property taxes, about 1.07% of their home's value, higher than the Arizona rate of 0.48%. The median household earns $40,625 a year, so the median home costs 1.5 times the median income (4.9 times for Arizona). 80% of occupied homes here are lived in by their owners, and 17% of those owners still have a mortgage.
Bowie at a glance
| Bowie | Arizona | U.S. | |
|---|---|---|---|
| Median home value | $60,700 | $394,500 | $332,700 |
| Median property tax paid per year | $650 | $1,879 | $3,119 |
| Property tax as a share of value | 1.07% | 0.48% | 0.94% |
| Median household income | $40,625 | $79,964 | $80,734 |
| Homes lived in by their owners | 80% | 67% | 65% |
| Owner homes with a mortgage | 17% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,367 | $1,803 | $1,963 |
| Those costs as a share of the owners' income | 22.8% | 20.5% | 21.0% |
| Median rent | $588 | $1,543 | $1,413 |
| Rent as a share of renters' income | 33.2% | 30.8% | 30.6% |
| Median year homes were built | 1960 | 1992 | 1980 |
| Vacant homes | 20.0% | 10.5% | 10.1% |
| Population | 384 | 7,378,838 | 334,922,499 |
What a typical home costs per month in Bowie
At this week's average 30-year rate of 7.11%, buying the median Bowie home of $60,700 with 20% down costs about $406 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $507, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $17,404 for the 20%-down payment. That payment is 12% of the median Bowie household income of $40,625; at that income and 20% down, the 28% guideline points to a home of about $142,000.
The median rent here is $588 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $12,140 |
|---|---|
| Loan amount | $48,560 |
| Principal and interest | $327 |
| Property taxes (1.07% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| PMI | $0 |
| Total per month | $406 |
Change the numbers in the calculator
| Down payment | $2,124 |
|---|---|
| Loan amount | $59,601 |
| Principal and interest | $401 |
| Property taxes (1.07% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $25 |
| FHA mortgage insurance | $27 |
| Total per month | $507 |
Change the numbers in the calculator
Questions about home buying in Bowie
What is the median home value in Bowie?
About $60,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bowie?
Homeowners pay a median $650 a year, which is about 1.07% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Bowie?
For the median home with 20% down at 7.11%, the payment is about $406 a month. Keeping that under 28% of gross income takes about $17,404 a year.
More about Bowie
- Mortgage Refinance in Bowie
- Debt Relief in Bowie
- Home Equity Loans in Bowie
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data