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Featured local agent — Kokomo, IN
Sarah Mitchell
Compass Real Estate · Kokomo, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Kokomo, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$179,000median sale price
How is the Kokomo, IN housing market right now?
The median home sale price in Kokomo, IN is $179,000, up 15.9% year-over-year. Homes sell in an average of 33 days with 223 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Kokomo a buyer's or seller's market?
Kokomo, IN is currently a seller's market, based on 2.5 months of supply and homes selling in about 33 days. How we determine this →
Homes sold
88
Last 12 weeks
Days on market
33
Average pace
Active listings
223
2.5 months supply
Sale-to-list
97.5%
Below asking
What does the Kokomo housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $179,000 |
| Median list price | $169,900 |
| Year-over-year price change | +15.9% |
| Average days on market | 33 days |
| Active inventory | 223 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 97.5% |
| Median price per sq ft | $123/sq ft |
| Homes sold (latest month) | 88 |
| New listings (latest month) | 130 |
| Listings with a price cut | 33.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Kokomo by property type?
How the Kokomo, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $183,000 | $122/sq ft | 81 | 33 days |
| Condo / Co-op | $179,950 | $144/sq ft | 6 | 30 days |
| Townhouse | $127,500 | $93/sq ft | 1 | 9 days |
Source: Redfin · Updated monthly
The Kokomo housing market is currently classified as a seller's market with a median sale price of $179,000. Prices have risen 15.9% compared to last year, with homes spending an average of 33 days on market, indicating 2.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in Kokomo
There are currently 223 homes listed for sale in Kokomo, Indiana. The median listing price is $170K.
Active listings
223
Homes on market
Median list price
$170K
Avg. days on market
33
Days until sale
New this week
130
Newly listed
Who lives in Kokomo?
Population
59,375
Median income
$54,195/yr
Median age
39.8 years
Owner-occupied
65.0%
College grads
17.2%
Avg commute
19 min
Source: U.S. Census Bureau ACS
What are homes worth in Kokomo?
Zillow home value
$186,870
Zillow rent index
$1,009/mo
Price-to-rent ratio
15.4x
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Kokomo?
Kokomo is a community of approximately 59K residents with a median age of 39.8 years.The median household income is $54,195, which represents a working-class community with solid middle-income opportunities. 17.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 65.0%, showing a blend of owner and renter-occupied properties. The average commute time is 19 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Kokomo offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Kokomo?
20 schools tracked · 8,552 students
The largest public schools serving Kokomo, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Kokomo High School
Grades 9-12 · 1,472 students
Lafayette Park Elementary School
Grades PK-5 · 680 students
Northwestern Elementary School
Grades K-6 · 665 students
Northwestern Senior High School
Grades 9-12 · 554 students
Taylor Elementary School
Grades PK-4 · 467 students
Central Middle School
Grades 6-8 · 432 students
Maple Crest Middle School
Grades 6-8 · 419 students
Excel Center - Kokomo
Grades 9-12 · 383 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Kokomo, IN?
Want a head-to-head view? Compare Kokomo side-by-side with any other U.S. city using our market-comparison tool.
Is Kokomo a good real estate investment market?
For investors evaluating Kokomo, the price-to-rent ratio of 15.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 15.9% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Kokomo's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Kokomo's median home price.
Frequently asked questions
What is the average home price in Kokomo?
The median home sale price in Kokomo is $179,000, up 15.9% from last year.
How long do homes stay on market in Kokomo?
Homes typically spend 33 days on market before going under contract.
What is the median income in Kokomo?
The median household income is $54,195 per year.
Is Kokomo a buyer's or seller's market?
With 2.5 months of supply, Kokomo is currently a seller's market.
What is the Zillow home value estimate for Kokomo?
The Zillow Home Value Index (ZHVI) for Kokomo is $186,870, representing the typical home value in the area.
What is the median condo price in Kokomo?
The median condo/co-op sale price in Kokomo, IN is $179,950, compared to $183,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Kokomo?
The median single-family home price in Kokomo, IN is $183,000 (about $122 per square foot).
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