Kokomo, IN housing market
Typical home value
$182K
▲ 4.3% 1 yr
Typical rent
$1,099/mo
▲ 6.7% 1 yr
Gross rent yield
7.3%
U.S. 6.3%
5-year home value change
+38%
U.S. +20%
Key takeaways
- 1The typical home in Kokomo is worth $181,709, up 4.3% over the past year and up 38% over five years.
- 2Typical rent is $1,099 a month (+6.7% YoY), a gross rent yield of 7.3% (above the Kokomo, IN metro's 6.9%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $999/mo, $100 less than typical rent.
- 4Zillow forecasts the Kokomo, IN metro's home values to change +3.3% over the next 12 months.
Market temperature (Kokomo, IN metro)
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 45/100, #210 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Kokomo compares
| Measure | Kokomo | Kokomo, IN metro | United States |
|---|---|---|---|
| Typical home value | $181,709 | $190,878 | $366,157 |
| Home value, 1-yr change | +4.3% | +4.4% | +1.2% |
| Typical rent | $1,099 | $1,094 | $1,932 |
| Rent, 1-yr change | +6.7% | +6.7% | +2.7% |
| Gross rent yield | 7.3% | 6.9% | 6.3% |
| Price-to-rent ratio | 13.8 | 14.5 | 15.8 |
| Mortgage P&I, typical home | $999 | $1,049 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Kokomo rental, pre-filled.
Rent vs buy in Kokomo
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $182K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.