Bowman County, North Dakota Housing Market
In Bowman County, North Dakota, the median home value is $164,900, with a median monthly rent of $765. This places Bowman County at #1907 nationally out of 3134 counties by median home value, and #26 within North Dakota.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,259
- Establishments: 177
- BLS QCEW, 2025
Housing Supply
- Single-family: 6
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,187 (avg $91,944)
- Outflow: 1,155 (avg $92,968)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Bowman County Compares
| Metric | Bowman County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $164,900 | $175,786 | $227,706 |
| Median Gross Rent | $765 | $772 | $968 |
| Owner Occupancy Rate | 83.3% | 73.6% | 73.3% |
| Price/Rent Ratio | 18.0 | 18.9 | 18.7 |
Market Analysis
The median home value in Bowman County is 6.2% below the North Dakota state average and 27.6% below the U.S. national average. The median rent of $765/month is 0.9% below the state average.
With a price-to-rent ratio of 18.0, the buy-vs-rent decision in Bowman County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Bowman County has an owner-occupancy rate of 83.3%, compared to 73.6% in North Dakota and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Logan County | Kentucky | $164,900 | $751 |
| Houston County | Texas | $164,900 | $887 |
| Howard County | Indiana | $165,000 | $937 |
| Richland County | Ohio | $164,800 | $824 |
| Henderson County | Tennessee | $164,800 | $745 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Renville County | $166,000 | $828 | 78.7% |
| Sargent County | $163,200 | $816 | 72.5% |
| Dickey County | $162,400 | $840 | 79.7% |
| Foster County | $167,500 | $780 | 79.7% |
| Divide County | $167,600 | $1,105 | 77.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).