Bowman County Real Estate and Livability Trends
Bowman County, North Dakota has experienced an upward trend in average taxable income, peaking at $82,180.69 in 2021. Despite a dip in 2016, the overall rise suggests economic recovery and growth potential, making it interesting for investors and developers. The average home value has steadily increased from $135,000 in 2015 to $168,200 in 2022, providing a relatively affordable entry point. Tax... Read more
Bowman County Market Trends
Bowman County, North Dakota, has experienced a steady increase in home values, rising from $135,000 in 2015 to $168,200 in 2022, offering a more affordable entry point compared to the broader state market. Real estate taxes have varied, peaking at $2,825.00 in 2020 before dropping to $2,533.33 in 2021, surpassing 2012 levels. Farm tax return rates show slight fluctuations, hinting at economic... Read more
Median Value of Occupied Housing Units in Bowman County, North Dakota Over the Last 8 Years
Over the past 8 years, Bowman County, North Dakota, has seen a moderate increase in median home values from $135,000 in 2015 to $168,200 in 2022. While this growth lagged behind the state level, where values rose from $153,800 to $232,500, it provides a potentially more affordable entry point compared to the broader North Dakota market. Compared to national trends, where median home values started at $125,500 in 2015 and climbed to $179,400 in 2022, Bowman County offers a cost-effective yet appreciating investment opportunity for homebuyers and investors considering this region.
Average Real Estate Taxes Per Tax Return in Bowman County, ND Over the Last 10 Years
Average real estate taxes per tax return in Bowman County, North Dakota have shown some notable fluctuations over the past decade. From a high of $2,825.00 in 2020, taxes decreased to $2,533.33 in 2021, though these are still higher compared to 2012's $1,893.33. This varying tax environment may influence decisions for those considering property investments, as well as the attitudes of appraisers and insurance agents towards property valuation in this location. For residents and potential buyers, understanding these trends is crucial for financial planning and long-term commitments.
Percentage of Farm Returns in Bowman County, ND Over the Last 10 Years
Farm tax returns in Bowman County, North Dakota have fluctuated slightly over the last decade. In 2012, the percentage of farm returns stood around 20.25%, dipping to 19.05% in 2014 before experiencing a gradual increase to 22.68% by 2019. This variability may hint at underlying economic factors affecting the agricultural sector, which could be crucial for investors or those considering moving to or building property in the area. Trends suggest some stability with periods of growth, potentially making Bowman County an interesting case for further economic development and residential projects.
Number of Mortgages by Occupancy Type in Bowman County, ND Over the Last 5 Years in Bowman County
In Bowman County, North Dakota, the number of mortgages has primarily centered around principal residences over the last five years, with noticeable spikes in 2020 and 2021. Investment property mortgages have remained relatively low, suggesting a limited focus on rental or commercial opportunities here. The occasional second residence mortgage indicates some interest in vacation or secondary homes but remains minimal. These trends could indicate a stable, homeowners-focused market, attractive for families and perhaps less appealing for high-yield investors. Real estate agents, mortgage brokers, and insurance agents can infer a steady demand for primary homes, possibly translating to consistent home values and insurance premiums. Potential investors might find limited opportunities in rental properties, influencing their portfolio decisions.
Economic Outlook
Bowman County, North Dakota has shown fluctuating but generally upward trends in average taxable income per tax return, peaking recently at $82,180.69 in 2021. Despite a notable dip in 2016 to $63,077.27, the overall trajectory points to economic recovery and potential growth, making it an attractive prospect for investors and real estate developers. State and local income taxes have also varied, with a significant drop in 2017 but a recent uptick to $3,825.00 in 2020, suggesting a relatively... Read more
Average Taxable Income per Tax Return in Bowman County, ND over the last 9 years
Over the past nine years, Bowman County, North Dakota has seen fluctuations in average taxable income per tax return, peaking recently in 2021 at $82,180.69. The lowest point was in 2016 with a noticeable dip to $63,077.27. Despite some inconsistencies, there's a trend suggesting a general recovery and potential for growth, especially appealing for investors and real estate developers aiming to tap into an area with rising income levels. For appraisers and insurance agents, the living standards and property values might exhibit upward movement as incomes increase.
Average State and Local Income Taxes Per Tax Return in Bowman County, ND Over the Last 10 Years
Over the past decade, Bowman County, North Dakota has seen notable fluctuations in average state and local income taxes per tax return. The highest point was in 2013 at $6,083.33, while the most significant drop occurred by 2017, bottoming out at $2,620.00. While 2016 and onward reflect generally lower taxes compared to earlier years, recent figures show a slight rebound, notably $3,825.00 in 2020. For potential investors, these trends indicate a relatively lower tax burden in recent years, potentially affecting disposable income and overall economic conditions in the county, important factors for real estate and development projects.
Average Total Tax Liability Per Tax Return in Bowman County, ND Over the Last 10 Years
Bowman County, North Dakota, has seen a fluctuating average total tax liability per tax return over the last decade. The peak was in 2014, with the average taxpayer owing $15,629.93, while the lowest point occurred in 2020 at $11,153.57. Notably, tax liabilities experienced a significant dip around 2016 ($11,659.84), suggesting a possible economic shift or policy change. For prospective investors, real estate professionals, and appraisers, these trends indicate variable financial burdens that could impact property values and investment returns. Understanding these fluctuations can aid in making more informed decisions regarding property development and real estate transactions in the county.
Cost of Living in Bowman County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,488 | $1,754 | $936 | $886 |
| 1 adult 4 children | $1,174 | $1,215 | $1,340 | $936 | $1,045 |
| 2 adults 3 children | $1,174 | $1,216 | $1,523 | $936 | $699 |
| 1 adult 3 children | $1,174 | $992 | $1,109 | $936 | $809 |
| 2 adults 2 children | $826 | $995 | $1,291 | $842 | $604 |
| 1 adult 2 children | $826 | $743 | $877 | $842 | $555 |
| 2 adults 1 child | $826 | $786 | $1,059 | $534 | $614 |
| 1 adult 1 child | $826 | $508 | $645 | $534 | $516 |
| 2 adults | $643 | $632 | $828 | $0 | $542 |
| 1 adult | $639 | $345 | $414 | $0 | $469 |
Safety trends & Data
Bowman County, North Dakota has experienced some fluctuations in property crime over the last five years, particularly in motor vehicle theft and larceny-theft. In 2020, there was a notable spike in larceny-theft with five reported cases, although overall trends have been somewhat sporadic. With minimal occurrences of embezzlement and burglary, potential real estate investors may find the property crime landscape relatively low but... Read more
Property Crime Trends in Bowman County, ND Over the Last 5 Years
Bowman County, North Dakota, has experienced fluctuations in various property crimes over the last five years, with notable activity in categories like motor vehicle theft and larceny-theft. While 2020 saw a spike in larceny-theft with five reported cases, overall incidents seem somewhat sporadic, suggesting that trends may not yet fully stabilize. Property crime types like embezzlement and burglary recorded minimal occurrences, with only one reported case each in select years. For investors or those interested in real estate, these variations hint at a relatively low but unpredictable property crime landscape.
Demographics
Bowman County, North Dakota, shows a nearly balanced gender distribution among adults, with almost equal numbers of males and females. The county's educational attainment reveals a strong presence of high school graduates and those with some college education, hinting at a well-educated population base. Age distribution suggests a significant older demographic, particularly in the 55 to 74 years range, which may indicate a need for services tailored to senior citizens. The racial makeup is... Read more
Race Distribution in Bowman County, North Dakota (2022)
Educational Attainment in Bowman County, North Dakota (2022)
Age Distribution in Bowman County, North Dakota
Citizen Population in Bowman County, North Dakota (2022)
Political Trends & Data
Bowman County in North Dakota leaned significantly Republican in the 2020 U.S. Presidential Election, with approximately 84% of votes likely going to the GOP. Democrats may have secured only around 14%, a low figure consistent with the region's history. Libertarians might have managed a modest 1.8%, while other parties had minimal impact. This voting pattern suggests a strong conservative presence in the county, reflecting broader political attitudes and potential policy preferences that could... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bowman County in North Dakota leaned heavily Republican in the 2020 U.S. Presidential Election, with about 84% of votes possibly going to the GOP. Democrats appeared to capture around 14% of the vote, which is notably low but not entirely surprising for the region. Libertarians might have garnered a modest 1.8%, while other parties had negligible contributions. This voting pattern suggests a strong conservative presence in the county, which could be indicative of wider political attitudes and policy preferences within the area.
84.19% of voters voted for the Republican party in the 2020 Presidential Election
13.76% of voters voted for the Democrat party in the 2020 Presidential Election
1.81% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Bowman County, North Dakota has boasted a student-to-teacher ratio significantly lower than the national average of fourteen students per teacher. However, the past two years have seen a substantial increase, with the ratio jumping to around thirteen students per teacher in 2022 and staying close to that in 2023. This nearly 40% spike might impact perceptions of educational quality and resource allocation, influencing the attractiveness of Bowman County for families... Read more
Student-to-teacher ratio in Bowman County, North Dakota over the last 10 years
Over the past decade, Bowman County, North Dakota has generally maintained a student-to-teacher ratio significantly lower than the national average of fourteen students per teacher. However, the last two years have shown a substantial increase, with the ratio jumping to around thirteen students per teacher in 2022 and staying close to that in 2023. For potential investors and developers, this nearly 40% spike could impact the perception of educational quality and resource allocation. For real estate agents, this shift might affect the attractiveness of Bowman County to families prioritizing education. Appraisers and insurance agents may also find these changes relevant as they could influence property values and policy underwriting in the region.
