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These days, finding an affordable place to live in the Kokomo area can be challenging. Home prices in Kokomo are now at a median cost of $153,404, lower than the Indiana average of $232,932.
The average cost of rent is $962/mo in Kokomo, primarily driven by the current value of real estate in the Kokomo area. In Kokomo, 32.99% of households rent, and 37.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Kokomo is $5,362 per month. Households that rent pay about 17.94% of their income on rent here. Kokomo’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oakford, IN: higher priced homes
- Vermont, IN: higher priced homes
- West Middleton, IN: higher priced homes
- Hemlock, IN: higher priced homes
- Cassville, IN: higher priced homes
- Judson, IN: higher priced homes
- Russiaville, IN: higher priced homes
- Sharpsville, IN: higher priced homes
- Galveston, IN: equally priced homes
- Wawpecong, IN: higher priced homes
Cities with Similar Populations
- Camden, NJ: less expensive homes
- Kingsport, TN: higher priced homes
- Hilliard, OH: higher priced homes
- Haverhill, MA: higher priced homes
- Ames, IA: higher priced homes
- Fayetteville, GA: higher priced homes
- Eastvale, CA: higher priced homes
- East Orange, NJ: higher priced homes
- Eagan, MN: higher priced homes
- Dubuque, IA: higher priced homes
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