Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Bourbon area can be challenging. Home prices in Bourbon are now at a median cost of $159,203, lower than the Indiana average of $175,617.
The average cost of rent is $764/mo in Bourbon, primarily driven by the current value of real estate in the Bourbon area. While nearly 41.57% of residents own their homes outright in Bourbon, 18.98% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bourbon is $5,872 per month. Households that rent pay about 13.02% of their income on rent here. Bourbon's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Etna Green, IN: less expensive homes
- Tippecanoe, IN: less expensive homes
- Tyner, IN: higher priced homes
- Argos, IN: less expensive homes
- Atwood, IN: less expensive homes
- Hastings, IN: higher priced homes
- Bremen, IN: higher priced homes
- Mentone, IN: less expensive homes
- Plymouth, IN: less expensive homes
- Walnut, IN: less expensive homes
Cities with Similar Populations
- Oak Hill, FL: higher priced homes
- Watermill, NY: higher priced homes
- Rockford, OH: less expensive homes
- Madelia, MN: less expensive homes
- McComb, OH: equally priced homes
- Montara, CA: higher priced homes
- Mountainburg, AR: less expensive homes
- New Florence, PA: equally priced homes
- Perrysville, OH: less expensive homes
- Pleasant Valley, MO: less expensive homes
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