Kokomo Metro Area, IN Housing

The housing market in Kokomo, IN Metro Area is doing well compared to the US median value. The median value of a house in Kokomo is $143,000 which is significantly lower than the national average of $338,100. Furthermore, the appreciation rate for houses in Kokomo over the past year has been 9.06%, higher than the US average of 8.27%. This indicates that the housing market in Kokomo is stable and shows potential for further growth in the future.

The median home cost in Kokomo Metro Area is $143,000. Home appreciation the last 10 years has been 72.1%. Home Appreciation in Kokomo Metro Area is up 10.5%.

Average Age of Homes

- The median age of Kokomo Metro Area real estate is 50 years old

The Rental Market in Kokomo Metro Area

- Renters make up 27.9% of the Kokomo Metro Area population
- 2.7% of houses and apartments in Kokomo Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Kokomo, Indiana	United States
	39,485.0	139,647,020.0
	55	42
	$143,000	$338,100
	10.5%	16.6%
	52.1%	57.0%
	72.1%	101.1%
	$7.77	$10.98
	$906	$2,690
	63.6%	57.4%
	12.2%	11.2%
	24.2%	31.4%
Vacant Housing
	2.7%	1.9%
	0.5%	0.4%
	1.8%	0.7%
	0.6%	0.4%
	0.8%	3.6%
	5.6%	4.1%
Value of Owner-Occupied Housing
	2.1%	2.6%
	3.8%	2.4%
	9.7%	2.8%
	13.9%	3.9%
	11.2%	4.5%
	24.0%	11.3%
	15.7%	13.0%
	14.1%	20.1%
	3.4%	13.6%
	0.9%	8.3%
	0.6%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	7.8%	13.6%
	7.8%	13.6%
	11.9%	13.6%
	7.6%	13.2%
	13.4%	14.8%
	11.9%	13.6%
	13.1%	10.0%
	7.2%	4.7%
	19.3%	12.2%

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