2026 Compare Cities Housing:
Kokomo, IN vs Melbourne, FL

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Highlights
- The median age of a home in Kokomo is 35.1% older than the median age of a home in Melbourne.
 Kokomo, INMelbourne, FLUnited States
 Median Home Age57  Unlock42
 Median Home Cost  Unlock$348,100$338,100
 Home Appr. Last 12 months10.5%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock85.7%57.0%
 Home Appr. Last 10 yrs.72.1%  Unlock101.1%
 Property Tax Rate  Unlock$7.7$11.0
 Homes Owned57.5%  Unlock57.4%
 Housing Vacant  Unlock13.0%11.2%
 Homes Rented29.5%  Unlock31.4%
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 Avg Rent For Home Or Apartment
 Kokomo, INMelbourne, FLUnited States
 Average Rent  Unlock$1,940$1,840
 Studio Apartment$650  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,230$1,180
 2 Bedroom Home or Apartment$840  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,970$1,860
 4 Bedroom Home or Apartment$1,250  Unlock$2,160
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 Vacant Housing
 Kokomo, INMelbourne, FLUnited States
 Vacant For Rent  Unlock2.4%1.9%
 Vacant Rented0.7%  Unlock0.4%
 Vacant For Sale  Unlock0.5%0.7%
 Vacant Sold0.6%  Unlock0.4%
 Vacant Vacation  Unlock4.1%3.6%
 Vacant Other5.6%  Unlock4.1%
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 Owner-Occupied Housing Value
 Kokomo, INMelbourne, FLUnited States
 Less Than $20,000  Unlock3.1%2.6%
 $20,000 to $39,9994.9%  Unlock2.4%
 $40,000 to $59,999  Unlock2.0%2.8%
 $60,000 to $79,99918.7%  Unlock3.9%
 $80,000 to $99,999  Unlock3.5%4.5%
 $100,000 to $149,99922.9%  Unlock11.3%
 $150,000 to $199,999  Unlock21.3%13.0%
 $200,000 to $299,9999.8%  Unlock20.1%
 $300,000 to $399,999  Unlock10.0%13.6%
 $400,000 to $499,9990.8%  Unlock8.3%
 $500,000 to $749,999  Unlock4.1%9.7%
 $750,000 to $999,9990.1%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.4%2.2%
 $1,500,000 to $1,999,9990.1%  Unlock0.8%
 $2,000,000 and over  Unlock0.3%1.1%
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 Housing Units By Year Built
 Kokomo, INMelbourne, FLUnited States
 2015 and Newer0.2%  Unlock0.2%
 2010 to 2014  Unlock13.3%13.6%
 2000 to 20097.7%  Unlock13.6%
 1990 to 1999  Unlock16.9%13.6%
 1980 to 19896.8%  Unlock13.2%
 1970 to 1979  Unlock13.2%14.8%
 1960 to 196911.1%  Unlock13.6%
 1950 to 1959  Unlock8.5%10.0%
 1940 to 19498.8%  Unlock4.7%
 1939 or Earlier  Unlock1.1%12.2%
Reviews for Kokomo    11 Reviews

I hate to be so harsh on this place. The majority of people are here against their will. It’s low income, not a lot of job opportunities, and a place that’s hard to  More

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Over 5 years ago

Old factory town filled with rednecks and crime. A prime drug trading spot for gangs from Chicago and Detroit, this town has it all! With below par water and air safety  More

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Extremely boring town with hardly any social activities to partake in. Lots of parks. Markland mall, restaurants around SR31 around Alto and the YMCA in the so called  More

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Reviews for Melbourne    28 Reviews

Over 5 years ago

Moved here from Ohio 3 months ago, trying not to be disappointed, there isn't much to do, its really small and shopping is bad. I wanted out of Cleveland but didn't  More

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I have lived in many areas of this town. It is growing and has a nice selection of older and very new areas. The access to beaches and parks is quick and well kept.   More

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The rating on here is accurate. Crime is rather high. There's shootings and killings constantly. If you're coming from another state, just check floridatoday.com at  More

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