Why Live in Cedar Crest
Cedar Crest in Kokomo is a residential neighborhood known for its mid-century brick ranch homes, located just 2 miles southeast of downtown. The area is conveniently positioned near major employers like Chrysler and GM plants, with new battery plants set to boost local demand. Streets named after GM car models are pedestrian-friendly, featuring sidewalks that cater to walkers and dog owners. Retail options abound, with Markland Mall, Sam’s Club, and Meijer nearby, while Boulevard Crossing and Kokomo Town Center offer additional shopping and dining choices. Homes in Cedar Crest, primarily built between the late 1950s and mid-1970s, range from $115,000 to $235,000, with larger homes typically having three bedrooms and two bathrooms. The neighborhood is part of the Kokomo-Center Township School Corporation, with students attending schools that have varied ratings. Mohr Park, located within Cedar Crest, provides recreational features such as playgrounds, a basketball court, and the only dog park on Kokomo's east side. It also hosts the summer Recreation Adventure Program and Water Spray events. While the neighborhood has a history of tornado activity, including a significant storm in 2016, this has led to the construction of newer homes amidst the older ones.
Frequently Asked Questions
Is Cedar Crest a good place to live?
Cedar Crest is a good place to live. Cedar Crest is considered car-dependent and somewhat bikeable. It is fairly sparse in population with 5.8 people per acre and a median age of 41. The average household income is $75,041 which is below the national average. College graduates make up 18.6% of residents. A majority of residents in Cedar Crest are home owners, with 36% of residents renting and 64% of residents owning their home. A
local real estate agent serving Cedar Crest can help you decide if this neighborhood is the right one for you. Learn more on our
Cedar Crest neighborhood guide.
How much do you need to make to afford a house in Cedar Crest?
The median home price in Cedar Crest is $371,048. If you put a 20% down payment of $74,200 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,920 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $82K a year to afford the median home price in Cedar Crest. The average household income in Cedar Crest is $75K.
What are the best public schools in Cedar Crest?
The best public schools that serve Cedar Crest are:
What are the best private schools in Cedar Crest?
The best private schools that serve Cedar Crest are:
What are the most popular zip codes in Cedar Crest, Kokomo, IN?
What are the most popular neighborhoods near Cedar Crest, Kokomo, IN?
Are home prices dropping in Cedar Crest?
Yes, home prices in Cedar Crest are down 17% in the last 12 months.
Home Trends in Cedar Crest, IN
On average, homes in Cedar Crest, Kokomo sell after 82 days on the market compared to the national average of 70 days. The median sale price for homes in Cedar Crest, Kokomo over the last 12 months is $356,800, down 30% from the median home sale price over the previous 12 months.
Median Sale Price
$356,800
Median Single Family Sale Price
$400,450
Median 2 Bedroom Sale Price
$265,000
Average Price Per Sq Ft
$368
Number of Homes for Sale
4
Last 12 months Home Sales
13
Median List Price
$371,048
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-30%