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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 $192,075, lower than the Missouri average of $246,641.
The average cost of rent is $980/mo in Bourbon, primarily driven by the current value of real estate in the Bourbon area. In Bourbon, 25.92% of households rent, and 54.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bourbon is $5,210 per month. Households that rent pay about 18.81% of their income on rent here. Bourbon’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- St. Cloud, MO: less expensive homes
- Coffeyton, MO: equally priced homes
- West Sullivan, MO: less expensive homes
- Argo, MO: less expensive homes
- Hinch, MO: higher priced homes
- Sullivan, MO: equally priced homes
- Leasburg, MO: less expensive homes
- Oak Grove Village, MO: less expensive homes
- Japan, MO: higher priced homes
- Spring Bluff, MO: less expensive homes
Cities with Similar Populations
- Jackson, SC: equally priced homes
- Belle, WV: less expensive homes
- Blue Ridge, TX: higher priced homes
- Brookdale, SC: less expensive homes
- St. James City, FL: higher priced homes
- Luverne, AL: less expensive homes
- Maple Falls, WA: higher priced homes
- Mobridge, SD: less expensive homes
- Pound Ridge, NY: higher priced homes
- Frederick, OK: less expensive homes
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