Market Overview
Home Prices in Kokomo, IN
The median home value in Kokomo, IN is $186,870 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 8.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Kokomo are priced54% below average. Kokomo is part of the Kokomo, IN metro area.
Over the past five years, Kokomo home values have risen by approximately41.8%, reflecting strong long-term appreciation in this market.
Price History
Kokomo Home Price Trend
City Comparison
Kokomo vs. National Median
At $186,870, homes in Kokomo cost 54% below the national median of $410,000. This makes Kokomo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Kokomo?
20% Down Payment
$37,374
on $186,870
Monthly P&I
$975/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,238/mo
incl. taxes & insurance
Income Needed
$49,520
gross annual (30% rule)
10% Down Option
$18,687
+ PMI applies
Loan Amount (20% dn)
$149,496
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Kokomo, IN?
The median home value in Kokomo is $186,870 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Kokomo?
Over the past year, home values in Kokomo have increased by 5.1%. Over five years, prices have risen approximately 41.8%.
How much do I need to earn to buy a home in Kokomo?
To comfortably afford the median home price of $186,870 with a 20% down payment ($37,374) at today's rates (6.8%), you'd need a gross annual income of approximately $49,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Kokomo compare to the national average home price?
The national median home value is approximately $410,000. At $186,870, homes in Kokomo are 54% below the national average.
What metro area is Kokomo part of?
Kokomo is part of the Kokomo, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.