Housing in Kokomo
Kokomo's housing market runs genuinely affordable relative to the national median, with values rising at a real, disclosed year-over-year pace.
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Learn moreA genuinely affordable market
Kokomo's average home value ran $185,001 as of May 31, 2026 (Zillow), up a real 5.4% year-over-year -- well below the national median home price.
A low property-tax add-on to ownership cost
Kokomo's 0.86% median effective property tax rate (Ownwell) adds a comparatively modest cost on top of the purchase price, consistent with Indiana's statutory Circuit Breaker cap limiting homestead property tax to 1% of gross assessed value.
Consistent with a manufacturing-town cost profile
Kokomo's housing costs run consistent with the city's broader working-class economic profile -- a below-national median household income ($55,360) alongside genuinely affordable home values.
Key takeaways
- Average home value ($185,001, Zillow) runs genuinely below the national median, up 5.4% year-over-year.
- Kokomo's 0.86% effective property tax rate adds a comparatively modest cost above the purchase price.
- Indiana's statutory Circuit Breaker cap limits homestead property tax to 1% of gross assessed value statewide.
- Confirm current, address-specific pricing directly.
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