Bourbon, IN Real Estate

According to census data in the year 2000 there were 702 housing units in Bourbon. This represents a 3.1% growth from 681 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 702 were located in what is classified as a rural area.

Homeownership rate in Bourbon is about 72.9%. Bourbon's vacancy rate, including seasonal lodging, is about 8.1%. Average household size is 2.65 people.

The majority of houses, apartments or condos in Bourbon were built after 1949.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom14.10%
Two Bedrooms22.20%
Three Bedrooms47%
Four Bedrooms13.50%
Five Bedrooms or more2.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.82
Median year structure was built1945
Median Value of occupied units$73,300
Median Price asked for vacant units$58,300

Rented Homes, Apartments and Condos

Average Household Size2.21
Median year structure was built1957
Median Monthly Rent asked for vacant units$365

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.70%
Second Mortgage9.40%
Home Equity Loan8.70%
Simple Mortgage45.20%
Debt Free36.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.8%