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Housing Affordability in Bourbon, IN
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 20.2%
- Indiana 25.5%
- Renters paying 30%+
- 38.7%
- Indiana 48.1%
- Homeowners paying 30%+
- 11.7%
- Indiana 16.8%
- Owner costs with a mortgage
- $1,255/mo
- Indiana $1,404/mo
Bourbon has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Housing costs compared with income
- Renters paying 30% or more8238.7%
- Homeowners paying 30% or more5411.7%
- Renters paying 50% or more219.9%
- Median rent as a share of income: 25.9%
- Median owner costs as a share of income, with a mortgage: 17.3%
- Median owner costs without a mortgage: $587/mo
- Median home value divided by median household income: 2.2
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Bourbon, IN | 20.2% | 38.7% | 11.7% | 25.9% |
| Marshall County | 19.5% | 33.0% | 15.7% | 25.3% |
| Indiana | 25.5% | 48.1% | 16.8% | 29.1% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Bourbon, IN?
- In Bourbon, IN, 20.2% of households spend 30% or more of their income on housing costs.
- How does Bourbon compare with Indiana?
- The households paying 30%+ for housing in Bourbon is 20.2%, compared with 25.5% for Indiana as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates