Kokomo housing market
Typical home value
$191K
▲ 4.4% 1 yr
Typical rent
$1,094/mo
▲ 6.7% 1 yr
12-month forecast
+3.3%
#113 of 546 metros
Gross rent yield
6.9%
#143 of 546 · U.S. 6.3%
Days to pending
35 days
▲ +10 days 1 yr
Listings with a price cut
27%
▲ +1.5 pts 1 yr
Key takeaways
- 1The typical home is worth $190,878, up 4.4% in a year and up 38% over five years.
- 2Zillow forecasts home values rising 3.3% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,094/mo (+6.7% YoY), a 6.9% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,049/mo in principal and interest, $45 less than renting.
- 5Homes go under contract in 35 days (+10 days vs last year); 27% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Kokomo compares
| Measure | Kokomo | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +4.4% | +1.2% | #96 |
| Home value, 5-yr change | +37.9% | +19.7% | |
| 12-month forecast | +3.3% | +1.1% | #113 |
| Rent, 1-yr change | +6.7% | +2.7% | #59 |
| Gross rent yield | 6.9% | 6.3% | #143 |
| Price-to-rent ratio | 14.5 | 15.8 | |
| Mortgage P&I on typical home | $1,049 | $2,012 | |
| Income needed to buy | $54,189 | $100,902 | |
| Days to pending | 35 | 56 |
Cities in the Kokomo metro
1 cities with home value and rent data.
| Kokomo | $182K | ▲ 4.3% | $1,099 | ▲ 6.7% | 7.3% |
Run the numbers
Rental property calculator
Cash flow on a typical Kokomo rental ($191K, $1,094/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Kokomo home.
Rent vs buy
Is it cheaper to rent or buy in Kokomo?
Other Indiana metros
Indianapolis, IN
$292K home$1,528 rent6.3% yield
▲ 1.0% 1 yr
Fort Wayne, IN
$257K home$1,266 rent5.9% yield
▲ 3.6% 1 yr
South Bend, IN
$238K home$1,258 rent6.4% yield
▲ 6.3% 1 yr
Evansville, IN
$225K home$1,098 rent5.8% yield
▲ 3.9% 1 yr
Lafayette, IN
$283K home$1,473 rent6.2% yield
▲ 2.9% 1 yr
Elkhart, IN
$266K home$1,182 rent5.3% yield
▲ 5.5% 1 yr
Terre Haute, IN
$166K home$977 rent7.1% yield
▲ 1.4% 1 yr
Bloomington, IN
$297K home$1,746 rent7.1% yield
▲ 1.6% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.