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Kokomo

Learn about the people, housing, costs and businesses in Kokomo

Median Home$164,174
Median Rent$919/month
Population83,752
Leading IndustryRetail24% of local workforce
Home Value Growth⬆⬆+17.9% over 2 years
Retirees20% of residentsslightly above average
Homeowners71% of occupied units
NotableAffordable Market$164k median home · lower cost than 92% of the country
NotableVeteran Community8% of residents · top 28% nationally
Kokomo

Explore Kokomo

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Kokomo?›

Mortgage rates for Kokomo are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Kokomo?›

The median home value in Kokomo is $164k. The median monthly rent is $919. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Kokomo?›

Home values in Kokomo have increased 17.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Kokomo?›

Based on a typical all-in ownership cost of $919/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Kokomo is $68k/year.

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What industries drive the economy in Kokomo?›

The largest employment sectors in Kokomo are retail (24%) and public administration (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.