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Bourbon town, IN

ZIP 46504 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46504

Median Home Value
$169,800
Median Rent
$607
Affordability Snapshot
$47,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,091/mo PITI).

9%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 46504 in Bourbon town, IN, a household would need roughly $47,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,091. That sits below the local median household income ($83,712), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
84.5%+29% vs US avg
x
Vacancy Rate
7.5%-27% vs US avg
x
Broadband Access
82.5%-5% vs US avg
x
4+ Bedrooms
8.3%-44% vs US avg
x
Built Pre-1939
4.2%-67% vs US avg
x
Built Post-2014
0.7%-89% vs US avg
x
Rent Burden >30%
13.6%-73% vs US avg
x
Mortgage-Free
40.8%+7% vs US avg
x
$169,800
Home Value
$607
Rent
1967
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached86.9%
  • 1-unit attached0.9%
  • 2-9 units8.2%
  • 10+ units3.2%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$169,800
Median rent$607
Owner-occupied84.5%
Vacant7.5%
Price-to-income2.0x
Est. income to buy$47,000