Bourbon, IN housing market
The median sale price was $230,000 in May 2026.
Home values, sales, trends and how Bourbon compares with the towns next door — updated as new data is published.
Bourbon at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 65% in 5 years
The federal house price index for the ZIP code around Bourbon rose 65% over the past 5 years, faster than across Indiana (53%). Last year prices rose 7.3%. Carrying the Census median home value forward with that index puts the typical Bourbon home at roughly $292,000 today.
Show as a table
| Year | Change that year | Since 2000 | Indiana since 2000 |
|---|---|---|---|
| 2025 | +7.3% | +128% | +126% |
| 2024 | +8.6% | +112% | +117% |
| 2023 | +1.7% | +95% | +106% |
| 2022 | +23% | +92% | +90% |
| 2021 | +13% | +56% | +65% |
| 2020 | +1.4% | +38% | +48% |
| 2019 | +6% | +36% | +42% |
| 2018 | +6.3% | +28% | +34% |
| 2017 | +3.5% | +20% | +26% |
| 2016 | +8.9% | +16% | +20% |
| 2015 | −1.7% | +6.8% | +16% |
| 2014 | −0.5% | +8.6% | +13% |
| 2013 | +2.7% | +9.2% | +10% |
| 2012 | +1.1% | +6.3% | +9% |
| 2011 | −1.7% | +5.1% | +9.6% |
| 2010 | −4.2% | +6.9% | +12% |
| 2009 | −6.6% | +12% | +14% |
| 2008 | +3.7% | +19% | +17% |
| 2007 | −2.7% | +15% | +18% |
| 2006 | +7.6% | +18% | +16% |
| 2005 | +7.8% | +10% | +14% |
| 2004 | +3.9% | +2.1% | +10% |
| 2003 | −4.6% | −1.8% | +7.8% |
| 2002 | +2.2% | +3% | +6.3% |
| 2001 | +0.7% | +0.7% | +4.3% |
| 2000 | — | — | — |
How Bourbon ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 46504, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
No new homes permitted in 2014
No permits for new homes were issued in Bourbon in 2014. The last year with any was 2012 (2 new homes).
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 2 | 2 | 0 | $230,000 |
| 2011 | 1 | 1 | 0 | $140,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 1 | 1 | 0 | $90,000 |
| 2008 | 2 | 2 | 0 | $264,000 |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 8 | 8 | 0 | $956,000 |
| 2004 | 14 | 14 | 0 | $1.1 million |
| 2003 | 8 | 8 | 0 | $972,000 |
| 2002 | 23 | 1 | 22 | $1.6 million |
| 2001 | 4 | 4 | 0 | $357,000 |
| 2000 | 7 | 7 | 0 | $736,000 |
Bourbon's permit office reported 2 of 12 months in 2014; the Census estimated the rest.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
2.2 years of income
The typical Bourbon home costs about 2.2 years of the town's median household income, less than across Indiana (3.6 years).
How Bourbon ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Bourbon is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Bourbon pay a median of $891. A two-bedroom takes about 16% of the town's median household income.
Studio $780 · 4 bedrooms $1,360
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (46504; Kosciusko County, IN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Bourbon
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.