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Bourbon

Learn about the people, housing, costs and businesses in Bourbon, Missouri

Median Home$196,819
Median Rent$948/month
Population1,622
Leading IndustriesProfessional Services · Information & Media · Finance & Insurance5% professional services
Home Value Growth⬆⬆+15.4% over 2 years
Young Adults29% of residentsslightly above average
Homeowners69% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Bourbon
MO

Frequently Asked Questions

What are today's mortgage rates in Bourbon?

As of today, the 30-year fixed mortgage rate for Bourbon is approximately 7.128% (7.175% 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 Bourbon?

The median home value in Bourbon is $197k. The median monthly rent is $948. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bourbon?

Home values in Bourbon have increased 15.4% over the past two years. This indicates a strong appreciation trend. 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 Bourbon?

Based on a typical all-in ownership cost of $819/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bourbon is $65k/year.

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What industries drive the economy in Bourbon?

The largest employment sectors in Bourbon are public administration (21%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.