Kokomo, IN


Highest Appreciating Kokomo Neighborhoods Since 2000

Kokomo, IN Real Estate Data

Kokomo Housing Market Information

With 57,995 people, 24,823 houses or apartments, and a median cost of homes of $96,995, house prices in Kokomo are some of the most affordable in Indiana as well as the nation.

Single-family detached homes are the single most common housing type in Kokomo, accounting for 69.70% of the city's housing units. Other types of housing that are prevalent in Kokomo include large apartment complexes or high rise apartments ( 14.29%), duplexes, homes converted to apartments or other small apartment buildings ( 8.53%), and a few row houses and other attached homes ( 4.32%).

The most prevalent building size and type in Kokomo are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.66% owning and 39.34% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Kokomo's housing was primarily built during this period, from the '40s through the '60s. A full 37.18% of the city's housing hails from this era. Other housing ages represented in Kokomo include homes built between 1970-1999 ( 31.38%) and housing constructed before 1939 ( 22.58%). There's also some housing in Kokomo built between 2000 and later ( 8.86%).

Vacant housing appears to be an issue in Kokomo. Fully 12.32% of the housing stock is classified as vacant. Left unchecked, vacant Kokomo homes and apartments can be a drag on the real estate market, holding Kokomo real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Kokomo Home Appreciation Rates

Real estate appreciation rates in Kokomo's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.59% during the period.

NeighborhoodScout's data show that during the latest twelve months, Kokomo's appreciation rate, at 4.40%, has been at or slightly above the national average. In the latest quarter, Kokomo's appreciation rate has been 0.32%, which annualizes to a rate of 1.30%.

Notably, Kokomo's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Kokomo's latest annual appreciation rate is lower than 70% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Kokomo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kokomo - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Kokomo real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,130,000 0.1
$848,001 - $1,130,000 0.1
$565,001 - $848,000 0.3
$452,001 - $565,000 0.4
$339,001 - $452,000 0.8
$226,001 - $339,000 3.5
$113,001 - $226,000 27.4
$56,001 - $113,000 47.0
$0 - $56,000 20.4

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
80.7050418691808 81.447963800905

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$892 / per month

Homeownership Rate

Owners 60.66
Renters 39.34
Vacant 12.32

Housing Market Details


Age of Homes

2000 or Newer 8.9
1970 - 1999 31.4
1940 - 1969 37.2
1939 or Older 22.6

Types of Homes

Single-Family 69.7
Townhomes 4.3
Small Apt. Buildings 8.5
Apt. Complexes 14.3
Mobile Homes 3.2
Other 0.0

Home Size

No Bedroom 2.33
1 Bedroom 11.25
2 Bedrooms 30.44
3 Bedrooms 42.91
4 Bedrooms 11.31
5 or more bedrooms 1.76

Kokomo Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
-3.89% -0.23% 1 1
* 10 is highest