Why Live in Downtown Kokomo
Downtown Kokomo is a primarily commercial neighborhood in north central Indiana, featuring a mix of historic houses and newly developed townhomes. The area has experienced significant growth, with a population increase of 31% between 2010 and 2022. The neighborhood has undergone a revival, becoming a vibrant shopping and dining district with a variety of boutiques, comic shops, toy stores, and record stores. Popular dining options include Sun King brew pub, 3 Amigos, Marble The Steakhouse, Missy’s Family Restaurant, and Oscar’s Pizza. Downtown Kokomo is highly walkable and bike-friendly, with the Wildcat Creek Walk of Excellence providing a 4-mile trail along the creek. Foster Park, located across Washington Street, hosts many events, festivals, and concerts, and features a playground, sports courts, and a skatepark. The Downtown Dog Park offers a fenced-in play area for pets. Recreational opportunities are available at the Delmar E. Demaree Family YMCA. The neighborhood hosts several annual events, including the Haynes Apperson Festival and the Kokomo Summer Concert series. Housing options include late 19th and early 20th-century styles such as Arts and Crafts, American Foursquares, and bungalows, with some larger homes divided into duplexes. Townhouses constructed in 2017 are also available. The Kokomo-Center Township Consolidated School Corporation has a range of schools, with Central Middle International School being a notable option for students.
Frequently Asked Questions
Is Downtown Kokomo a good place to live?
Downtown Kokomo is a good place to live. Downtown Kokomo is considered fairly walkable and very bikeable. Downtown Kokomo has 3 parks for recreational activities. It is somewhat dense in population with 6.4 people per acre and a median age of 42. The average household income is $24,784 which is below the national average. College graduates make up 17.3% of residents. A majority of residents in Downtown Kokomo are renters, with 81.4% of residents renting and 18.6% of residents owning their home. A
local real estate agent serving Downtown Kokomo can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown Kokomo neighborhood guide.
How much do you need to make to afford a house in Downtown Kokomo?
The median home price in Downtown Kokomo is $245,000. If you put a 20% down payment of $49,000 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $1,240 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $53K a year to afford the median home price in Downtown Kokomo. The average household income in Downtown Kokomo is $25K.
What are the best public schools in Downtown Kokomo?
The best public schools that serve Downtown Kokomo are:
What are the best private schools in Downtown Kokomo?
The best private schools that serve Downtown Kokomo are:
What are the most popular zip codes in Downtown Kokomo, Kokomo, IN?
What are the most popular neighborhoods near Downtown Kokomo, Kokomo, IN?
Are home prices dropping in Downtown Kokomo?
Yes, home prices in Downtown Kokomo are down 29% in the last 12 months.
Home Trends in Downtown Kokomo, IN
On average, homes in Downtown Kokomo, Kokomo sell after 160 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown Kokomo, Kokomo over the last 12 months is $189,000, down 19% from the median home sale price over the previous 12 months.
Median Sale Price
$189,000
Median Single Family Sale Price
$236,450
Median Townhouse Sale Price
$189,000
Average Price Per Sq Ft
$77
Number of Homes for Sale
1
Last 12 months Home Sales
4
Median List Price
$245,000
Median Change From 1st List Price
23%
Median Home Sale Price YoY Change
-19%