A typical Bourbon home is worth roughly $187,000
What kind of housing town is Bourbon?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.4 years of income
Less than across Illinois (3.6 years). Try your own numbers below.
That covers a typical Bourbon home, with $84K to spare.
A two-bedroom rents for about $930 a month here, $310 less than owning.
How Bourbon ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Bourbon’s typical property tax (1.67% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $930
Renters already here pay a median of $850.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Coles County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
73% of Bourbon households own their home
Half of Bourbon’s homes were built before 1975.
Illinois: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Bourbon vs. its neighbors
Bourbon is the 2nd priciest of 4 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Bourbon | $187K* | — | $930 | $76,630 |
| Arcola | $169K | +9.7% | $940 | $87,942 |
| Garrett | $166K* | +2.7%† | $980 | $69,643 |
| North Okaw | $203K* | +7%† | $970 | $84,338 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Bourbon buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.