Bourbon, IN has an average housing median value of $192,700, which is significantly lower than the US median house value of $338,100. However, Bourbon has experienced a higher one-year house appreciation rate than the US with 13.05%, compared to 8.27% across the country. This suggests that Bourbon is a strong market for real estate investment and may be a great place for potential home owners to consider purchasing property.
The median home cost in Bourbon is $192,700. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Bourbon is up 16.4%.
Average Age of Homes
- The median age of Bourbon real estate is 61 years old
The Rental Market in Bourbon
- Renters make up 24.4% of the Bourbon population
- 1.5% of houses and apartments in Bourbon, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.