Kokomo, IN is a great place to buy a home. The median value of a home in Kokomo is $137,100 which is significantly lower than the national median value of $338,100. This means that homes in Kokomo are more affordable than those across the country. Furthermore, over the last year house appreciation in Kokomo has been 9.99%, compared to 8.27% nationally. This indicates that home values are increasing at a faster rate in Kokomo than they are on average across the United States.
The median home cost in Kokomo is $137,100. Home appreciation the last 10 years has been 72.1%. Home Appreciation in Kokomo is up 10.5%.
Average Age of Homes
- The median age of Kokomo real estate is 52 years old
The Rental Market in Kokomo
- Renters make up 33.5% of the Kokomo population
- 3.5% of houses and apartments in Kokomo, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.