Why Live in Terrace Meadows
Terrace Meadows in Kokomo, Indiana, is a southeastern neighborhood known for its convenient location near major employers and retail options. The area features a variety of custom-built homes, including mid-century ranches, split-levels, and contemporary houses, as well as single-story brick condos. Terrace Meadows is situated close to State Road 931, providing a 30-mile route to Indianapolis' northern suburbs and easy access to local plants and the hospital. The neighborhood falls within the Taylor school district, with students attending Taylor Elementary, Taylor Middle School, and Taylor High School. Some students are zoned for Kokomo schools. Redeemer Lutheran School, a private K-8 institution, is located within the neighborhood. Points of interest include the Kokomo American Legion Golf Course and Jackson Morrow Park, which features trails, a skatepark, and the Kirkendall Interpretive Nature Center. Dining and shopping options are abundant along State Road 931, with chains like Applebee’s and local favorites such as Jack’s Donuts and Half Moon Restaurant and Brewery. The neighborhood experiences heavier semi-truck traffic due to its proximity to major employers. Kokomo High and Taylor High are known for their strong high school sports culture, particularly basketball. While the area has a history of tornadoes, the last fatal one occurred in 1965. Terrace Meadows offers a blend of suburban comfort and practical amenities, making it a notable part of Kokomo.
Home Trends in Terrace Meadows, IN
On average, homes in Terrace Meadows, Kokomo sell after 41 days on the market compared to the national average of 69 days. The median sale price for homes in Terrace Meadows, Kokomo over the last 12 months is $397,435, down 7% from the median home sale price over the previous 12 months.
Median Sale Price
$397,435
Median Single Family Sale Price
$495,000
Median Townhouse Sale Price
$385,000
Average Price Per Sq Ft
$248
Number of Homes for Sale
6
Last 12 months Home Sales
16
Median List Price
$495,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-7%