How many renters live in Bowman County, North Dakota?
The County of Bowman County has 2,975 people living in 1,188 households.
There are 705 renters living in 249 renter households in this County. Renters make up 23.7 percent of the population living in Bowman County.
What is the rental market like in Bowman County, North Dakota?
There are an estimated 1,645 housing units in the Bowman County area. Of these, 351 units are rental homes, making up 21 percent of the housing market. For every renter household in Bowman County, North Dakota, there are 1 rental units.
What is the vacancy rate for rentals in Bowman County?
The rental vacancy rate in Bowman County is 25 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 County for each bedroom size?
Occupied Rental Units by Size in Bowman County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 18 | 87 | 85 | 46 |
Occupied Rental Units by Size in Bowman County
A large number of apartments in Bowman County 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 County are overburdened by housing costs?
Among renter households in this market, 12 percent have housing cost burden. Further, 9 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 County
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 County, North Dakota
How many units are rented at Fair Market Rent (FMR) in Bowman County?
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 | 13 | 72 percent |
| Two BR | 55 | 63 percent |
Rental Units Below FMR in Bowman County, North Dakota
How many affordable rental units are in Bowman County?
There are a variety of federal affordable housing programs serving households in Bowman County, North Dakota including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing | 16 |
Tracked Units by Federal Program in Bowman County, North Dakota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Bowman County, North Dakota
Bowman County 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 County, North Dakota
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bowman County.
Housing Choice Vouchers in Bowman County, North Dakota
On average, Section 8 Housing Choice vouchers pay Bowman County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bowman County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bowman County, North Dakota for a two-bedroom apartment is between $773 and $945.
Sourced from federal housing data and AffordableHousingOnline.com research.
