Kokomo, IN—46902
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 $195,000, with a year-over-year change of 7.6%. This indicates that home prices in Kokomo, IN are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $195,000 | 7.6% |
| Single Family | $193,000 | 7.2% |
| Condos | $241,000 | 9.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $76,000 | 7.0% |
2 Bed | $127,000 | 7.6% |
3 Bed | $191,000 | 7.3% |
4 Bed | $276,000 | 5.7% |
| 5 Bed | $345,000 | 3.6% |
% of Housing Stock
Rental Trends — Kokomo, IN
As of July '25, Rentcast reports the average rent in Kokomo, IN is $1,310, with a year-over-year rent change of 33.3%. Per bedroom, the median rent as of July '25 in Kokomo, IN is studios: $735, 1-bedrooms: $777, 2-bedrooms: $946, 3-bedrooms: $1,420, 4-bedrooms: $2,140. The most common rental property sizes in Kokomo, IN are 2-bedroom and 3-bedroom, accounting for 47.6% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,080 | $1,310 |
| Studio Rent | $755 | $735 |
| 1 Bed Rent | $750 | $777 |
| 2 Bed Rent | $995 | $946 |
| 3 Bed Rent | $1,300 | $1,420 |
| 4 Bed Rent | $2,250 | $2,140 |
% 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 45. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | -10.0% |
Listing Count | 167 | 29.0% |
| Listings as % of Homes | 0.4% | 29.0% |
Days on Market | 45 | 12.0% |
Demographics — Kokomo, IN
As of the latest ACS Survey released in 2023, Kokomo, IN has a population of 36,600, which has increased by 3.5% over the past 5 years. Kokomo, IN is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,600 | 3.5% |
% Under 18 | 23.7% | 3.9% |
% Seniors | 20.2% | 1.0% |
% WFH | 5.9% | 210.5% |
% w/ College Degree | 19.7% | -14.7% |
As of the latest ACS Survey released in 2023, Kokomo, IN is a predominantly white area, with 81.2% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Kokomo, IN is black, making up 8.6% of the population. Foreign-born residents account for 3.3% of the population in Kokomo, IN, and this percentage has increased by 13.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.2% | -4.6% |
% Black | 8.6% | 26.5% |
% Hispanic | 3.6% | 12.5% |
% Asian | 2.8% | 21.7% |
% Foreign Born | 3.3% | 13.8% |
Mortgage and Risk — Kokomo, IN
According to HUD data as of 2023, there were 774 mortgage originations in Kokomo, IN, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Kokomo, IN. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 774 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Kokomo, IN
As of 2024, the percent of homes in Kokomo, IN under the Section 8 program is 15.2%. 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 | 958 |
Total Units Section 8 | 784 |
% Rentals under Section 8 | 15.2% |
% Occupied Section 8 | 90.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $750 | $830 |
| 2 Bedroom | $45 | $995 | $1,040 |
| 3 Bedroom | $10 | $1,300 | $1,310 |
| 4 Bedroom | -$790 | $2,250 | $1,460 |
Affordability — Kokomo, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $195,000 |
| Median Household Income | $59,500 |