Home Insurance in Bourbon, Indiana
Homes in Bourbon carry a median value of $164,400 - 20% lower than the Marshall County median.
The typical home in Bourbon was built around 1960. About 51% of homes were built before 1960, about 14 points above Marshall County's 37%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Bourbon, the housing stock is 83% single-family homes, 5% apartments in buildings with 5+ units and 2% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
In Bourbon, about 58% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Bourbon has an owner-occupancy rate of 68% and a vacancy rate of 10%; unoccupied homes typically need a different coverage form.
80% of homes in Bourbon are primarily heated with natural gas.
FEMA rates Marshall County's overall risk as Very Low, led by tornado (Relatively Moderate). Marshall County had 70 active NFIP flood policies as of September 2026. See the full Marshall County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Indiana, the statewide average premium for a standard HO-3 homeowners policy is $1,259 per year (NAIC, 2023 data).
Key figures
| Median home value | $164,400 |
|---|---|
| Median year built | 1960 |
| Owner-occupied share | 68% |
| Share of owner-occupied homes with a mortgage | 58% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in Marshall County | 70 |
| Home insurance premium | $1,259 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)