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Bowman

Learn about the people, housing, costs and businesses in Bowman, Arkansas

Median Home$150,103
Median Rent$944/month
Population79
Leading IndustriesTransportation · Construction · Agriculture & Mining6% transportation
Home Value Growth⬆⬆⬆+30.0% over 2 years
Retirees27% of residentsabove average nationally
Homeowners68% of occupied units
Bowman
AR

Frequently Asked Questions

What are today's mortgage rates in Bowman?

As of today, the 30-year fixed mortgage rate for Bowman is approximately 6.992% (7.035% 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 Bowman?

The median home value in Bowman is $150k. The median monthly rent is $944. Annual property taxes average $916. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bowman?

Home values in Bowman have increased 30.0% 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 Bowman?

Based on a typical all-in ownership cost of $924/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bowman is $62k/year.

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What industries drive the economy in Bowman?

The largest employment sectors in Bowman are public administration (19%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.