How much do homeowners pay a month in Bourbon Township, IN?
Homeowners with a mortgage in Bourbon Township, IN pay a median of $1,417 (±$145) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $532 (±$105).
55.2% of owned homes carry a mortgage.
In Bourbon Township, the median monthly cost with a mortgage went from $1,108 in 2015–2019 to $1,417 in 2020–2024 (+27.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,417 (±$145)
- Without a mortgage
- $532 (±$105)
- Owned with a mortgage
- 55.2%
Monthly owner costs in Bourbon Township
| Bourbon Township | Marshall County | Indiana | United States | |
|---|---|---|---|---|
| With a mortgage | $1,417 (±$145) | $1,312 (±$60) | $1,404 (±$5) | $1,963 |
| Without a mortgage | $532 (±$105) | $511 (±$27) | $517 (±$3) | $638 |
| Owned homes with a mortgage | 55.2% (±8.5 points) | 57.5% (±2.6 points) | 63.6% (±0.3 points) | 60.6% |
| Median real estate taxes (a year) | $1,320 (±$135) | $1,362 (±$55) | $1,614 (±$9) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Bourbon Township, the median cost with a mortgage is not measurably different from Marshall County ($1,312).
It is not measurably different from Indiana ($1,404).
It is lower than the national figure ($1,963).
In Marshall County, Bourbon Township ranks 4 of 16 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 446 of 1,564.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Bourbon Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,108 (±$68) | $1,417 (±$145) | +27.9% | No measurable change after inflation |
| Median real estate taxes | $970 (±$133) | $1,320 (±$135) | +36.1% | No measurable change after inflation |
| Median home value | $118,700 (±$5,494) | $174,000 (±$29,955) | +46.6% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Bourbon Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Bourbon Township | — | $1,417 (±$145) | — |
| Bourbon | 2.0 mi | $1,255 (±$86) | Not measurably different |
| Etna Township | 5.2 mi | $1,114 (±$295) | Not measurably different |
| Etna Green | 5.7 mi | $997 (±$108) | Lower |
| German Township (Marshall County) | 6.9 mi | $1,358 (±$127) | Not measurably different |
| Scott Township (Kosciusko County) | 7.2 mi | $1,836 (±$782) | Not measurably different |
| Center Township (Marshall County) | 7.4 mi | $1,320 (±$88) | Not measurably different |
| Tippecanoe Township (Marshall County) | 7.6 mi | $1,389 (±$482) | Not measurably different |
| Walnut Township (Marshall County) | 8.3 mi | $953 (±$96) | Lower |
Nearby places with a measurably lower figure: Etna Green, IN ($997), Walnut Township (Marshall County), IN ($953).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Marshall County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Green Township (Marshall County) | $1,638 (±$261) |
| 2 | West Township | $1,533 (±$208) |
| 3 | Polk Township (Marshall County) | $1,484 (±$179) |
| 4 | Bourbon Township | $1,417 (±$145) |
| 5 | Tippecanoe Township (Marshall County) | $1,389 (±$482) |
| 6 | German Township (Marshall County) | $1,358 (±$127) |
| 7 | Culver | $1,321 (±$112) |
| 8 | Center Township (Marshall County) | $1,320 (±$88) |
| 9 | Bourbon | $1,255 (±$86) |
| 10 | Union Township (Marshall County) | $1,235 (±$144) |
Showing 10 of 16 places in Marshall County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Bourbon Township
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Bourbon Township beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Bourbon Township, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Bourbon Township, and send estimates and invoices from your phone.
Questions about Bourbon Township
What is the average mortgage payment in Bourbon Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Bourbon Township, IN is $1,417 (±$145) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Bourbon Township?
Owners without a mortgage in Bourbon Township pay a median of $532 (±$105) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Bourbon Township gone up?
In Bourbon Township, the median monthly cost with a mortgage went from $1,108 in 2015–2019 to $1,417 in 2020–2024 (+27.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Bourbon township, Marshall County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Bourbon township, Marshall County, Indiana
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Bourbon township, Marshall County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Bourbon township, Marshall County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Bourbon township, Marshall County, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Bourbon township, Marshall County, Indiana (county subdivision:06778, in state:18 county:099).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Bourbon Township at a glance
- Median rent in Bourbon Township
- Rent by bedrooms in Bourbon Township
- Rent burden in Bourbon Township
- Renters and owners in Bourbon Township
- Income and affordability in Bourbon Township
- Home values in Bourbon Township
- Property taxes in Bourbon Township
- Types of homes in Bourbon Township
- Bedrooms in Bourbon Township
- Age of homes in Bourbon Township
- Heating fuel in Bourbon Township
- Commute and cars in Bourbon Township
- Population growth in Bourbon Township
- How long people stay in Bourbon Township
- Indiana landlord and tenant rules
- Housing across Marshall County
- Housing data for every place in Indiana