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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 $204,583, lower than the Indiana average of $232,932.
The average cost of rent is $920/mo in Bourbon, primarily driven by the current value of real estate in the Bourbon area. In Bourbon, 22.74% of households rent, and 44.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bourbon is $6,603 per month. Households that rent pay about 13.94% of their income on rent here. Bourbon’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Etna Green, IN: equally priced homes
- Tippecanoe, IN: equally priced 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: less expensive homes
- Perrysville, OH: equally priced homes
- Pleasant Valley, MO: equally priced homes
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