20720, Bowie, MD

The 20720 zip code of Bowie, MD is located in Prince George's County and has a population of approximately 107,000. The median household income in the zip code is $87,500 and the median home value is $527,000. The average home equity loan amount in this zip code is $236,500.

According to Zillow's Home Value Index (HVI), the 20720 zip code has experienced an increase in home values over the past three years. In 2017, the HVI for this zip code was 104.2 which indicates that homes in this area are worth 104% more than they were three years ago. Over the past twelve months, home values have increased by 5%.

One reason for this increase may be that there are a limited number of homes available for sale in this area due to high demand and low inventory levels. In addition, many homeowners may be able to afford higher mortgage rates due to strong home equity values. Another factor that could contribute to increased home values in this area is that it has a relatively low unemployment rate (3%) compared to other parts of Maryland (6%).