Total monthly cost of ownership
Cost to Own a Home in Bowman, North Dakota
A $181,000 home here costs
$1,465per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $931. The real number is $535 higher every month — 57% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bowman against Bowman County and North Dakota
| Measure | Bowman | Bowman County |
|---|---|---|
| Median home value | $181,300 | $176,400 |
| Median property tax | $1,390 | $1,330 |
| Effective tax rate | 0.767% | 0.754% |
| Median gross rent | $904 | $869 |
| Population | 1,523 | 2,935 |
The weather behind that power bill
Bowman sits in Bowman County, which averages a high of 82.7°F in its hottest month and a low of 6.5°F in its coldest, with 17.08" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 396 cooling and 8,638 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Bowman County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bowman County
No other places of this size are published in Bowman County.
Full Bowman County cost breakdown · Every county in North Dakota
Common questions
How much does it cost to own a home in Bowman?
A $181,000 home in Bowman, North Dakota costs approximately $1,465 per month with 20% down at 6.66%. That is $931 principal and interest, $116 property tax, $78 homeowners insurance, $190 utilities and $151 set aside for maintenance.
What is the property tax rate in Bowman?
Bowman has an effective property tax rate of 0.767%, based on a median home value of $181,300 and median real estate taxes of $1,390. That is higher than the Bowman County average of 0.754%.
What is the average home price in Bowman?
The median owner-occupied home value in Bowman, North Dakota is $181,300, against $176,400 across Bowman County.
Is it cheaper to rent or buy in Bowman?
Median gross rent in Bowman is $904 a month, against $1,465 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bowman — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for North Dakota.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.