Kokomo, IN—46901
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Kokomo, IN
Home Price Trends — Kokomo, IN
As of Oct '25, the median home price in Kokomo, IN is $157,000, with a year-over-year change of 7.0%. This indicates that home prices in Kokomo, IN are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $157,000 | 7.0% |
| Single Family | $156,000 | 6.1% |
| Condos | $186,000 | 9.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $63,000 | 10.5% |
2 Bed | $101,000 | 4.1% |
3 Bed | $168,000 | 6.3% |
4 Bed | $240,000 | 6.2% |
| 5 Bed | $274,000 | 5.4% |
% of Housing Stock
Rental Trends — Kokomo, IN
As of July '25, Rentcast reports the average rent in Kokomo, IN is $978, with a year-over-year rent change of 11.3%. Per bedroom, the median rent as of July '25 in Kokomo, IN is studios: $736, 1-bedrooms: $733, 2-bedrooms: $939, 3-bedrooms: $1,360, 4-bedrooms: $2,020. The most common rental property sizes in Kokomo, IN are 2-bedroom and 3-bedroom, accounting for 39.0% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $978 |
| Studio Rent | $695 | $736 |
| 1 Bed Rent | $695 | $733 |
| 2 Bed Rent | $800 | $939 |
| 3 Bed Rent | $1,150 | $1,360 |
| 4 Bed Rent | $1,950 | $2,020 |
% of Rental Stock
Property Listings — Kokomo, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Kokomo, IN is 43. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $173,000 | 1.0% |
Listing Count | 163 | 40.0% |
| Listings as % of Homes | 0.4% | 40.0% |
Days on Market | 43 | -2.0% |
Demographics — Kokomo, IN
As of the latest ACS Survey released in 2023, Kokomo, IN has a population of 38,300, which has decreased by -5.2% over the past 5 years. Kokomo, IN is a moderately popular place for families, as children make up 22.8% of the population. The area has a poorly educated workforce, with 17.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,300 | -5.2% |
% Under 18 | 22.8% | -0.9% |
% Seniors | 18.5% | 6.3% |
% WFH | 5.5% | 31.0% |
% w/ College Degree | 17.3% | 3.0% |
As of the latest ACS Survey released in 2023, Kokomo, IN is a predominantly white area, with 83.1% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Kokomo, IN is black, making up 8.7% of the population. Foreign-born residents account for 0.9% of the population in Kokomo, IN, and this percentage has decreased by 57.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.1% | -1.2% |
% Black | 8.7% | 0.0% |
% Hispanic | 4.3% | 22.9% |
% Asian | 0.5% | 0.0% |
% Foreign Born | 0.9% | -57.1% |
Mortgage and Risk — Kokomo, IN
According to HUD data as of 2023, there were 785 mortgage originations in Kokomo, IN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Kokomo, IN. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 785 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Kokomo, IN
As of 2024, the percent of homes in Kokomo, IN under the Section 8 program is 17.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Kokomo, IN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 780 |
Total Units Section 8 | 780 |
% Rentals under Section 8 | 17.3% |
% Occupied Section 8 | 88.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $55 | $695 | $750 |
| 2 Bedroom | $140 | $800 | $940 |
| 3 Bedroom | $30 | $1,150 | $1,180 |
| 4 Bedroom | -$620 | $1,950 | $1,330 |
Affordability — Kokomo, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $157,000 |
| Median Household Income | $61,000 |