How many renters live in Bowbells, North Dakota?
The City of Bowbells has 285 people living in 150 households.
There are 29 renters living in 29 renter households in this City. Renters make up 10.18 percent of the population living in Bowbells.
What is the rental market like in Bowbells, North Dakota?
There are an estimated 224 housing units in the Bowbells area. Of these, 48 units are rental homes, making up 21 percent of the housing market. For every renter household in Bowbells, North Dakota, there are 2 rental units.
What is the vacancy rate for rentals in Bowbells?
The rental vacancy rate in Bowbells is 40 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Bowbells for each bedroom size?
Occupied Rental Units by Size in Bowbells
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 15 | 3 | 1 | 10 |
Occupied Rental Units by Size in Bowbells
A large number of apartments in Bowbells have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Bowbells are overburdened by housing costs?
Among renter households in this market, 10 percent have housing cost burden. Further, 10 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Bowbells
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $649 to $1,458. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $649 |
| One BR | $654 |
| Two BR | $859 |
| Three BR | $1,039 |
| Four BR | $1,458 |
2024 Fair Market Rents in Bowbells, North Dakota
How many units are rented at Fair Market Rent (FMR) in Bowbells?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 15 | 100 percent |
| Two BR | 0 | 100 percent |
Rental Units Below FMR in Bowbells, North Dakota
How many affordable rental units are in Bowbells?
Income Based Apartments in Bowbells, North Dakota
Bowbells features 12 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Bowbells, North Dakota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bowbells.
Housing Choice Vouchers in Bowbells, North Dakota
On average, Section 8 Housing Choice vouchers pay Bowbells landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bowbells.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bowbells, North Dakota for a two-bedroom apartment is between $773 and $945.
Sourced from federal housing data and AffordableHousingOnline.com research.
