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Bowman

Learn about the people, housing, costs and businesses in Bowman, North Dakota

Median Home$180,100
Median Rent$713/month
Population1,389
Leading IndustriesManufacturing · Agriculture & Mining · Construction2% manufacturing
Home Value Growth+9.6% over 2 years
Young Adults28% of residentsnear the national average
Homeowners81% of occupied units
NotableTransit92/100 · excellent transit access
NotableAmenity Score76/100 · highly walkable area
Bowman
ND

Frequently Asked Questions

What are today's mortgage rates in Bowman?

As of today, the 30-year fixed mortgage rate for Bowman is approximately 6.950% (6.988% 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 $180k. The median monthly rent is $713. Annual property taxes average $1k. 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 9.6% over the past two years. This represents moderate growth. 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 $749/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 Bowman is $63k/year.

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What industries drive the economy in Bowman?

The largest employment sectors in Bowman are public administration (25%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.