Why Live in Kokomo
Kokomo's rich automotive heritage comes alive through unique attractions like the Elwood Haynes Museum and the annual Haynes Apperson Festival. The city's cultural scene centers around the historic Seiberling Mansion, while America's oldest art glass company, Kokomo Opalescent Glass, welcomes visitors for factory tours. Foster Park serves as a community gathering spot with its Arts Pavilion and concert series, while Highland Park features the famous Old Ben, known as the World's Largest Steer. Local dining ranges from upscale options at Marble The Steakhouse to craft beers and house-smoked barbecue at Half Moon Restaurant & Brewery.
The housing market in Kokomo presents affordable options across various neighborhoods. The median single family home price stands at $180,000, with median townhome prices at $143,500. One bedroom condos have a median price of $113,500, while two bedroom condos typically sell for $208,000. Indian Heights features single family homes with a median price of $140,000, while Maple Crest commands higher prices with a median of $196,800.
Living costs in Kokomo fall 16.8% below the national average. A family with school age children needs approximately $89,000 annually to live comfortably, while renters should aim for $45,000. Property taxes remain competitive at 0.73%, lower than Indianapolis at 0.93%. The city maintains strong employment opportunities through major manufacturers like Stellantis and Delphi Technologies. Western Middle School, rated A minus by Niche, serves several neighborhoods including Indian Heights and Westbrook. Indiana University Kokomo provides higher education opportunities within the city limits. The free City Line Trolley connects downtown to shopping districts, making commuting convenient for residents.
Home Trends in Kokomo, IN
On average, homes in Kokomo, IN sell after 46 days on the market compared to the national average of 70 days. The median sale price for homes in Kokomo, IN over the last 12 months is $255,000, down 23% from the median home sale price over the previous 12 months.
Median Sale Price
$255,000
Median Single Family Sale Price
$241,000
Median 2 Bedroom Sale Price
$123,000
Average Price Per Sq Ft
$133
Number of Homes for Sale
11
Last 12 months Home Sales
149
Median List Price
$272,100
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-23%