Market Overview
Home Prices in Bourbon, IN
The median home value in Bourbon, IN is $255,645 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.6% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bourbon are priced38% below average. Bourbon is part of the Plymouth, IN metro area.
Over the past five years, Bourbon home values have risen by approximately36.7%, reflecting strong long-term appreciation in this market.
Price History
Bourbon Home Price Trend
City Comparison
Bourbon vs. National Median
At $255,645, homes in Bourbon cost 38% below the national median of $410,000. This makes Bourbon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bourbon?
20% Down Payment
$51,129
on $255,645
Monthly P&I
$1,333/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,693/mo
incl. taxes & insurance
Income Needed
$67,720
gross annual (30% rule)
10% Down Option
$25,565
+ PMI applies
Loan Amount (20% dn)
$204,516
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Bourbon, IN?
The median home value in Bourbon is $255,645 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.6% year-over-year.
How much have home prices changed in Bourbon?
Over the past year, home values in Bourbon have increased by 7.6%. Over five years, prices have risen approximately 36.7%.
How much do I need to earn to buy a home in Bourbon?
To comfortably afford the median home price of $255,645 with a 20% down payment ($51,129) at today's rates (6.8%), you'd need a gross annual income of approximately $67,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Bourbon compare to the national average home price?
The national median home value is approximately $410,000. At $255,645, homes in Bourbon are 38% below the national average.
What metro area is Bourbon part of?
Bourbon is part of the Plymouth, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.