Kokomo
Indiana · Ranked #26 of 373 metros
92Affordable
💡
Housing in Kokomo costs 2.76× the median income, below the national average of 4.5×. The median home price is $169K and median rent is $949/month. Kokomo ranks #26 of 373 metros for affordability.
Median Home Price
🏠$169K
Need $50K income
Median Rent
🔑$949
Need $38K income
Building Permits
🔨194
annual
Median Income
💰$61K
Pop: 89,944
Rent Burden
⚠️19.5%
of renters paying >30%
Homeownership
🏡67.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Kokomo | National |
|---|---|---|
| Price-to-Income Ratio | 2.76x | 6.1x |
| Rent Burden | 19.5% | 31.5% |
| Homeownership Rate | 67.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +67.9%Since 2000: +105.9%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$884/mo
1 Bedroom$890/mo
2 Bedroom$1,123/mo
3 Bedroom$1,388/mo
4 Bedroom$1,567/mo
Zillow Market Data
Home Value (ZHVI)
$185K
1yr: +5.8%5yr: +47.6%
Rent (ZORI)
$1,009/mo
1yr: -1.6%5yr: +50.9%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$171K
Active Inventory
230
Days on Market
71
Sold Above List
16.3%
Price Drops
23.5%