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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 14.10% |
| Two Bedrooms | 22.20% |
| Three Bedrooms | 47% |
| Four Bedrooms | 13.50% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.82 |
| Median year structure was built | 1945 |
| Median Value of occupied units | $73,300 |
| Median Price asked for vacant units | $58,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.21 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $365 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 9.40% |
| Home Equity Loan | 8.70% |
| Simple Mortgage | 45.20% |
| Debt Free | 36.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
