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Bowers

Learn about the people, housing, costs and businesses in Bowers, Delaware

Median Home$272,700
Median Rent$1,285/month
Population277
Leading IndustriesWholesale Trade · Construction · Information & Media10% wholesale trade
Home Value Growth⬆⬆+17.5% over 2 years
Young Adults26% of residents
Homeowners87% of occupied units
Bowers
DE

Frequently Asked Questions

What are today's mortgage rates in Bowers?

As of today, the 30-year fixed mortgage rate for Bowers is approximately 6.945% (6.983% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Bowers?

The median home value in Bowers is $273k. The median monthly rent is $1,285. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bowers?

Home values in Bowers have increased 17.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bowers?

Based on a typical all-in ownership cost of $742/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bowers is $60k/year.

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What industries drive the economy in Bowers?

The largest employment sectors in Bowers are public administration (22%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.