Kokomo, Indiana.
Typical home $181,709 (+4.3% in a year), asking rent $1,099 (+6.7%). Kokomo, IN metro.
to buy the typical home at today's mortgage rate — +$563 (+144%) since Jan 2020.
- 1 year
- Up $7,467 +4%
- $174,241$181,709 since Sep 2025
- 5 years
- Up $50,267 +38%
- $131,441$181,709 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Kokomo$954
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Kokomo, IN rose 4.3% over the past year — faster than the nation's +1.2%.
Asking rents in Kokomo, IN rose 6.7% over the past year — faster than the nation's +2.7%.
Owning the typical home in Kokomo runs $159/mo more than renting one. The gap peaked at $184 in Oct 2023.
That is $1,257 a month against $1,099 rent: a $954 mortgage payment, plus $109 property tax and $195 insurance & upkeep.
Owning vs renting — Kokomo
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,257
- Renting$1,099
- Mortgage only$954
Property tax · $109/mo 0.72% of value a year — the ACS 2020-2024 median bill over the median home value for Howard County, IN
Insurance & upkeep · $195/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Kokomo, Howard County, Indiana
Kokomo is a city of 59,604 people in Howard County. Half its households earn more than $55,360 a year and half less, against $64,027 across Howard County; 17% of its people live below the poverty line. 63% of its homes are lived in by their owners and 37% are rented. Unemployment in Kokomo was 4.9% in August 2026, and Howard County had 2.7% fewer jobs in 2025 than the year before. The most residents work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Kokomo is a city in Howard County, Indiana, and a little older in its makeup than the average American community. Most homes are lived in by their owners, and typical home values and rents sit at moderate levels. Incomes run below the county's, and fewer adults hold a four-year degree than in many places, though most people have a short trip to work.
Work. Manufacturing is the backbone of work here, followed by schools, hospitals and social care, shops, and restaurants and hotels. Among the largest workplaces are Stellantis, which makes automotive parts and vehicles, Haynes International, which produces metal shapes, and Community Howard Regional Health. Unemployment has eased compared with a year earlier, though the county has fewer jobs than it did the year before.
Things to do. In or beside town, the Elwood Haynes Museum is a museum, and the Greentown Glass Museum is a short drive away. A longer drive brings you to the Spencer Park Dentzel Carousel, a tourist attraction, or to Wildcat Creek, a river for time outdoors. Winters are cold and snowy, and summers turn warm, so the outdoor spots suit the warmer months best.
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- 26,241households
- 18%of adults have a degree
- 17%below the poverty line
- 19 mintypical commute
- 6%work from home
What residents work in
Employed residents by industry, from the Census survey. Howard County had 34,793 jobs in 2025, 2.7% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 17°; warmest in July, with highs near 84° and lows near 62°. About 34 inches of snow and 44 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Kokomo Wsw weather station, 3 miles away (NOAA).
Largest workplaces in Kokomo
- StellantisMachining and assembly of transmissions2,183
- StellantisAutomotive manufacturing975
- Haynes InternationalNonferrous metal shapes made by rolling, drawing, or extruding purchased nonferrous metal792
- Kokomo School CorporationSchool district701FTE
- Community Howard Regional HealthGeneral hospital636FTE
- StarPlus EnergyLithium batteries, primary, manufacturing619
- Borg Warner Technical Center KokomoEngineering design services600
- Ascension St. Vincent KokomoGeneral hospital414FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 58 workplaces with 20 or more staff, 11,009 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- Winter weatherRelatively high
- TornadoesRelatively high
- HailRelatively moderate
- Cold wavesrelatively high in parts of KokomoRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Kokomo’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Howard County and the Kokomo, IN metro.
Kokomo home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Kokomo$181,709
- Indiana$257,165
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Kokomo listings, and the typical home goes pending in 18 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Kokomo27.72%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Kokomo18
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Kokomo383
New listings per month
Sellers arriving at the market.
- Kokomo120
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Kokomo$179,960
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Kokomo98.04%
Zip codes with a Kokomo address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Kokomo — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Kokomo
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 46901 | Kokomo | 38,082 | $1,013 | $162,085 |
| 46902 | Kokomo | 37,017 | $1,186 | $200,506 |