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Boonville

Learn about the people, housing, costs and businesses in Boonville, Indiana

Median Home$162,065
Median Rent$896/month
Population6,399
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation10% arts, food & hospitality
Home Value Growth+2.3% over 2 years
Young Adults27% of residentsnear the national average
Homeowners74% of occupied units
NotableHighly Educated30% hold a bachelor's degree · top 9% nationally
Boonville
IN

Frequently Asked Questions

What are today's mortgage rates in Boonville?

As of today, the 30-year fixed mortgage rate for Boonville is approximately 6.931% (6.968% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Boonville?

The median home value in Boonville is $162k. The median monthly rent is $896. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Boonville?

Home values in Boonville have increased 2.3% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Boonville?

Based on a typical all-in ownership cost of $895/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Boonville is $68k/year.

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What industries drive the economy in Boonville?

The largest employment sectors in Boonville are public administration (24%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.