The housing market in Bourbon, MO is thriving. The median value of a house in Bourbon is $126,200, which is significantly lower than the US median of $338,100. However, the one-year house appreciation rate in Bourbon is 13.45%, which is higher than the national average of 8.27%. This shows that despite being a smaller city than many others across the country, Bourbon's housing market has seen strong growth over the past year and continues to be a desirable place to buy property.
The median home cost in Bourbon is $126,200. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Bourbon is up 17.1%.
Average Age of Homes
- The median age of Bourbon real estate is 42 years old
The Rental Market in Bourbon
- Renters make up 34.8% of the Bourbon population
- 4.0% 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.