Zip 46504 (Bourbon, IN) Housing

The housing in 46504 Bourbon, IN is very desirable due to its lower median value of $178,500 compared to the US house median value of $338,100. The appreciation rate of houses in 46504 Bourbon is also higher than the national average at 13.05%, making it an excellent investment opportunity for those looking to buy a new home. With a one year appreciation of 8.27% across the country, 46504 Bourbon stands out among other markets for its strong growth and potential investment opportunities.

The median home cost in Bourbon (zip 46504) is $178,500. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Bourbon (zip 46504) is up 16.4%.

Average Age of Homes

- The median age of Bourbon (zip 46504) real estate is 58 years old

The Rental Market in Bourbon (zip 46504)

- Renters make up 19.2% of the Bourbon (zip 46504) population
- 0.9% of houses and apartments in Bourbon (zip 46504), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Bourbon, Indiana	United States
	1,272.0	139,647,020.0
	53	42
	$178,500	$338,100
	16.4%	16.6%
	58.3%	57.0%
	87.0%	101.1%
	$7.33	$10.98
	$1,053	$2,690
	78.3%	57.4%
	7.5%	11.2%
	14.2%	31.4%
Vacant Housing
	0.9%	1.9%
	0.8%	0.4%
	2.2%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	3.6%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	1.1%	2.4%
	5.8%	2.8%
	7.9%	3.9%
	11.2%	4.5%
	27.8%	11.3%
	22.0%	13.0%
	9.8%	20.1%
	7.7%	13.6%
	2.6%	8.3%
	0.7%	9.7%
	0.8%	3.9%
	1.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.1%	13.6%
	10.1%	13.6%
	9.2%	13.6%
	7.6%	13.2%
	13.1%	14.8%
	9.2%	13.6%
	10.6%	10.0%
	5.3%	4.7%
	25.8%	12.2%

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