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Bourbon, IN
Full City Profile · Indiana · Marshall County County
3.3
/5.0
B
Good
1,816
Population
1,579/sq mi density
$71,375
Median Income
$30,277 per capita
$156,800
Home Value
$233,541 Zillow
$848
Median Rent
26.3% income on rent
50°F
Avg Temperature
275 sunny days/yr
585
Violent Crime/100K
1,407 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$71,375 median income, 2.8% unemployment
A+
Affordability
5.0 / 5.0
$156,800 home value, $848/mo rent
F
Safety
1.0 / 5.0
585 violent crimes/100K (54% above avg)
C+
Education
2.8 / 5.0
23.1% bachelor's degree or higher
Housing Overview
Median Home Value
$156,800
44% below
US avg: $281,900
Median Rent
$848/mo
27% below
US avg: $1,163/mo
Homeownership Rate
74.6%
14% above US avg (65.4%)
Total Housing Units
754
Median year built: 1959
Home Value by Source
Census Median
$156,800
Zillow (ZHVI)
$233,541
Median Sale Price
$189,000
Median List Price
$197,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.6%
Owner-Occupied
25.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$848/mo
Market Indicators (Redfin)
Median Days on Market
128 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$126
Active Inventory
2
homes for sale
Affordability & Housing Stock
Rent Burden
26.3%
of renters spending 30%+ of income on housing
15% below US avg (31.0%)
Median Year Built
1959
Average age of housing stock: 67 years
Homeownership Rate
74.6%
Complete Housing Data
Home Values
| Census Median Value | $156,800 |
| Zillow Home Value (ZHVI) | $233,541 |
| Median Sale Price | $189,000 |
| Median List Price | $197,500 |
| Price Per Sq Ft | $126 |
Rent
| Census Median Rent | $848 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
| Days on Market | 128 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 1 |
| Active Inventory | 2 |
| Price Per Sq Ft | $126 |
Ownership & Stock
| Owner-Occupied | 74.6% |
| Renter-Occupied | 25.4% |
| Homeownership Rate | 74.6% |
| Total Housing Units | 754 |
| Median Year Built | 1959 |
| Rent Burden | 26.3% |