58623 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Bowman County
Centroid: Latitude 46.179, Longitude -103.401
Time Zone: Mountain Time Zone (UTC -7 hours)
Observes DST: Yes

ZIP Code 58623 has segments in 3 Counties (Bowman, Harding, Slope).

Businesses Addresses: 159
PO Box Addresses: 439
Residential Addresses: 594

Multi-Family Addresses: 39
Single Family Addresses: 555

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2020, Maps updated: May 1, 2020.

Bowman, ND 58623 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	2,446 (100%)
Population in Households	2,382 (97.4%)
Population in Families	1,837 (75.1%)
Population in Group Quarters¹	64 ( 2.6%)
Population Density	4
Diversity Index²	19


INCOME
Median Household Income	$61,460
Average Household Income	$80,404
% of Income for Mortgage⁴	11%
Per Capita Income	$35,541
Wealth Index⁵	89

HOUSING
Total HU (Housing Units)	1,288 (100%)
Owner Occupied HU	725 (56.3%)
Renter Occupied HU	355 (27.6%)
Vacant Housing Units	208 (16.1%)
Median Home Value	$166,282
Average Home Value	$191,793
Housing Affordability Index³	230

HOUSEHOLDS
Total Households	1,080
Average Household Size	2.21
Family Households	635
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Bowman, ND 58623 - Peer Comparisons by Rank and Percentile

The table below compares 58623 to the other 384 ZIP Codes in North Dakota by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.22%	-0.07%
Households	0.4%	0.0%
Families	0.11%	-0.19%
Median Household Income		0.75%
Per Capita Income		1.21%
Owner Occupied HU		0.08%

Variable Description	Rank	Percentile
Total Population	# 40	90th
Population Density	# 156	60th
Median Household Income	# 211	45th
Housing Affordability Index	# 109	28th
Per Capita Income	# 214	45th
Diversity Index	# 104	73rd

Bowman, ND 58623 ZIP Code Profile

ZIP Code 58623: Basic Data & USPS Preferred City Name

Bowman, ND 58623 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Bowman, ND 58623 - Peer Comparisons by Rank and Percentile

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