Mortgage Rates in Bowie, Maryland — March 2026
Updated March 2026 | Based on Bowie market data and regional lending conditions
Bowie is a growing city in Maryland with a population of 58,025. The current 30-year fixed mortgage rate in Bowie is 6.7%, which is 0.05% above the national average. With a median home price of $415,000 and a 20% down payment of $83,000, homebuyers can expect a monthly principal and interest payment of approximately $2,142.
Current Mortgage Rates in Bowie, MD
Below are the current average mortgage rates available in the Bowie area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.3% | 6.25% | +0.05% |
| VA | 6.1% | 6.05% | +0.05% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Bowie Housing Market Overview
The Bowie housing market reflects moderate demand with prices near the national average. The median household income in Bowie is $102,250, and the cost of living index is 108.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $107,657 to comfortably afford the median-priced home in Bowie, which exceeds the current median household income.
Monthly Payment Breakdown for Bowie
Based on the median home price of $415,000 with 20% down ($83,000), here is what you can expect to pay monthly in Bowie:
15-Year vs. 30-Year Mortgage in Bowie
Choosing a 15-year mortgage in Bowie at 5.94% instead of a 30-year at 6.7% would save you $268,740 in total interest over the life of the loan. However, your monthly payment would be $2,791 instead of $2,142 — an increase of $649 per month.
Calculate Your Bowie Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Bowie
What are the current mortgage rates in Bowie, MD?
As of March 2026, the average 30-year fixed mortgage rate in Bowie, Maryland is 6.7%, while the 15-year fixed rate is 5.94%. FHA loans average 6.3% and VA loans 6.1%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Bowie?
Based on the median home price of $415,000 with 20% down, the estimated monthly mortgage payment in Bowie is $2,142 for principal and interest. Including property taxes of $370/month, the total monthly housing cost is approximately $2,512.
What income do I need to buy a home in Bowie?
Using the 28% rule, you would need an annual income of approximately $107,657 to afford the median-priced home in Bowie at $415,000. The median household income in Bowie is $102,250. This means most households would need to either earn above the median or consider homes below $415,000.
Is Bowie a good place to buy a home in 2026?
Bowie has a moderate cost of living with a cost of living index of 108.5 (national average = 100). The property tax rate in Maryland is 1.07%, which is near the national average. Bowie has a population of 58,025 and offers a balanced lifestyle.
Mortgage Rates in Other Maryland Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Bowie, Maryland area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.