Commercial Real Estate Market in Bowman, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 442 off-market properties in Bowman, ND.
Market Trends
Bowman, ND spans 541.1 square miles in Bowman County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bowman, ND runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Bowman, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Bowman, ND runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Bowman, ND runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 82.2%
- Industrial 5.9%
- Residential 4.9%
- Commercial 4.6%
- Open space 1.9%
- Planned_development 0.4%
Largest Zones share of zoned land by district
Agricultural
Industrial
Residential Single Family
Downtown Commercial
Park And Public
Agricultural (AG)
This district is intended to protect farm and ranch land activities while providing for the development of rural residential housing and scattered supporting commercial uses, as well as the development of public utilities and schools
Market overview
Demographics & Economy
Bowman, ND has 2,188 residents in 1,083 households. Density runs 4 people per square mile. Median household income here is $72,188 and median gross rent $861 a month.
2,188
Population
1,083
Households
2
Avg Household Size
43
Median Age
32%
College-Educated
89%
High-School Grad
541.1 sq mi
ZIP Area
4
Density / Sq Mi
$72,188
Median Household Income
$48,969
Median Earnings
$861
Median Rent
$183,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Buffalo Springs | — | — |
| Griffin | — | — |
| Scranton | — | — |
| Rhame | — | — |
Commercial property in Bowman, ND asks $84/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bowman?
Commercial property in Bowman, ND asks an average of $84 per square foot.
Where does Realmo's Bowman market data come from?
Realmo compiles Bowman, ND figures from 6 active sale listings, 442 tracked off-market properties, the current Bowman zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Bowman, ND. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 6,726 zoned acres across 9 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
