How many renters live in Bowman, North Dakota?
The City of Bowman has 1,646 people living in 627 households.
There are 536 renters living in 185 renter households in this City. Renters make up 32.56 percent of the population living in Bowman.
What is the rental market like in Bowman, North Dakota?
There are an estimated 895 housing units in the Bowman area. Of these, 266 units are rental homes, making up 30 percent of the housing market. For every renter household in Bowman, North Dakota, there are 1 rental units.
What is the vacancy rate for rentals in Bowman?
The rental vacancy rate in Bowman is 26 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 Bowman for each bedroom size?
Occupied Rental Units by Size in Bowman
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 9 | 67 | 72 | 37 |
Occupied Rental Units by Size in Bowman
A large number of apartments in Bowman 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 Bowman are overburdened by housing costs?
Among renter households in this market, 9 percent have housing cost burden. Further, 8 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 Bowman
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $745 to $1,261. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $745 |
| One BR | $765 |
| Two BR | $859 |
| Three BR | $1,211 |
| Four BR | $1,261 |
2024 Fair Market Rents in Bowman, North Dakota
How many units are rented at Fair Market Rent (FMR) in Bowman?
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 | 9 | 100 percent |
| Two BR | 48 | 72 percent |
Rental Units Below FMR in Bowman, North Dakota
How many affordable rental units are in Bowman?
There are a variety of federal affordable housing programs serving households in Bowman, North Dakota including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 16 |
Tracked Units by Federal Program in Bowman, North Dakota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Bowman, North Dakota
Bowman features 46 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 Bowman, North Dakota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bowman.
Housing Choice Vouchers in Bowman, North Dakota
On average, Section 8 Housing Choice vouchers pay Bowman landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bowman.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bowman, North Dakota for a two-bedroom apartment is between $773 and $945.
Sourced from federal housing data and AffordableHousingOnline.com research.
