In Kokomo, a typical home is worth $137,400 and typical rent is $939 a month. Compared with all of Howard County, the typical home value is 17% lower, typical household income is 14% lower, and the share of households that own their home is 8 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $131,441 to $181,709.
Typical rent
$1,099a month
▲ 6.7% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $747 to $1,099.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Kokomo is in Howard County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Howard County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Logansport, the typical home value is $92,200: 33% less than in Kokomo ($137,400).
2
Nearby, in Cicero, the typical rent is $737: 22% less than in Kokomo ($939).
3
The typical home in Kokomo is worth $137,400,17% less than in Howard County as a whole ($165,000).
4
63% of households in Kokomo own their home, against 71% in Howard County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Kokomo
What homes there are in Kokomo, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Kokomo
Howard County
Indiana
United States
Kind of home: Kokomo and its comparisons
Measure
Kokomo
Howard County
Indiana
United States
Detached house
70%
76%
73%
61%
Attached house
4%
3%
4%
6%
Building of 2 to 4
8%
6%
6%
8%
Apartments (5 or more)
15%
12%
13%
19%
Mobile home
3%
3%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Kokomo (70%), but less so than in Howard County (76%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Kokomo
Howard County
Indiana
United States
Year built: Kokomo and its comparisons
Measure
Kokomo
Howard County
Indiana
United States
Before 1960
41%
37%
31%
26%
1960–1979
25%
28%
24%
24%
1980–1999
20%
21%
23%
25%
2000–2009
7%
8%
12%
14%
2010 or later
7%
6%
10%
11%
The typical year built in Kokomo is 1967, about the same as in Howard County (1969).
There are fewer big homes in Kokomo than in Howard County: 58% have 3 bedrooms or more, against 66%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K34%
$100K–$200K40%
$200K–$300K19%
$300K–$500K7%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Kokomo and its comparisons
Measure
Kokomo
Under $100K
34%
$100K–$200K
40%
$200K–$300K
19%
$300K–$500K
7%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
At least 99% of owner-occupied homes in Kokomo are worth less than $500,000, below the FHA loan limit for Howard County ($541,287).
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $5008%
$500–$99954%
$1,000–$1,49934%
HUD fair market rent, 2 bedrooms: $1,179
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Kokomo and its comparisons
Measure
Kokomo
Under $500
8%
$500–$999
54%
$1,000–$1,499
34%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
By rent, most homes in Kokomo cost less than HUD's 2-bedroom fair market rent ($1,179): about 74%.
With a mortgage
$1,040 a month
Howard County: $1,126 a month
Without a mortgage
$426 a month
Howard County: $451 a month
Owners with a mortgage
63%
Howard County: 64%
In Kokomo, 63% of owners have a mortgage, and their typical cost is $1,040 a month, against $1,126 in Howard County. Without one it drops to $426.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Kokomo+54%
Howard County+51%
Indiana+54%
United States+53%
Typical rent
Kokomo+35%
Howard County+34%
Indiana+29%
United States+33%
Typical household income
Kokomo+21%
Howard County+22%
Indiana+28%
United States+29%
Change since 2015–2019: Kokomo and its comparisons
Measure
Kokomo
Howard County
Indiana
United States
Typical home value
+54%
+51%
+54%
+53%
Typical rent
+35%
+34%
+29%
+33%
Typical household income
+21%
+22%
+28%
+29%
Since 2015–2019, homes in Kokomo gained value faster than in Howard County: 54% against 51%.
The typical rent in Kokomo rose 35% since 2015–2019, about the same as in Howard County (34%).
The typical household income in Kokomo rose 21%: less than home values (+54%) and rent (+35%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Kokomo and its comparisons
Measure
Kokomo
Howard County
Indiana
United States
Rental vacancy
10.3%
10.0%
5.6%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
1.5%
1.3%
1.8%
3.4%
People per household
2.21
2.32
2.46
2.53
Drive alone
80%
80%
76%
69%
Carpool
12%
12%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
2%
2%
2%
3%
Work from home
6%
6%
11%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
Open rentals in Kokomo look like those in Howard County: the rental vacancy rate is 10.3%.
In Kokomo, 1.5% of households live with more than one person per room, about the same as in Howard County.
By size, households in Kokomo look like those in Howard County: 2.21 people on average.
The car rules in Kokomo: 80% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.
Do the math
What would you pay each month for a home in Kokomo?
A typical home is within reach of the typical income
We start with a typical home in Kokomo, worth $137,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 24% of the typical household income in Kokomo, which is $55,360 a year.
The calculator's FHA and conventional loan limits are those of all of Howard County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Kokomo. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $4,809 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,121
at 7.18% · 30 years
Loan amount
$134,911
Total interest
$194,106
Paid off in
November 2056
Includes $2,320 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,292 a month
Your payment · 24%
Tight
$1,292 to $1,661 a month
Hard
more than $1,661 a month
Compared with the typical household income in Kokomo ($55,360 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$914
Property tax
$89
Home insurance
$57
FHA mortgage insurance (MIP)
$61
You need at least $4,809 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,121; principal and interest $914.
The city and its county
Kokomo and Howard County
Kokomo is in Howard County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Kokomo
Map of Howard County, Indiana, with Kokomo marked. Around it, the neighboring counties.
Kokomo
Howard County
Other cities with a page
Kokomo's own numbers
Typical home value
$137,400
Typical monthly rent
$939
Typical yearly household income
$55,360
Households that own their home
63%
Effective property tax rate
0.78%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Howard County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,179
Price change over 5 years (FHFA)
+58%
Homes in a high flood-risk zone
1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Howard County.
A typical home in Kokomo is worth $137,400: 17% below the county and 37% below Indiana. With the typical household income in Kokomo ($55,360 a year), a typical home costs 2.5 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Kokomo2.5 years
Howard2.6 years
Indiana3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Howard County
According to FHFA’s house price index, home prices in Howard County rose 99% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Howard County.
Yearly change in FHFA’s price index in Howard County, 2016 to 2025
2016: +4.1% +4.1% 2016
2017: +4.6% +4.6% 2017
2018: +5.3% +5.3% 2018
2019: +5.2% +5.2% 2019
2020: +4.4% +4.4% 2020
2021: +10.3% +10.3% 2021
2022: +15.1% +15.1% 2022
2023: +8.3% +8.3% 2023
2024: +8.9% +8.9% 2024
2025: +5.5% +5.5% 2025
Change in FHFA’s price index in Howard County, Indiana and the United States
Period
County
Indiana
U.S.
Last year (2025)
+5.5%
+4.3%
+2.9%
5 years (2020–2025)
+58%
+53%
+47%
10 years (2015–2025)
+99%
+95%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Kokomo next to Howard County, Indiana and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Kokomo$137,400
Howard$165,000
Indiana$218,200
United States$332,700
Typical monthly rent
Kokomo$939
Howard$937
Indiana$1,062
United States$1,413
Typical yearly household income
Kokomo$55,360
Howard$64,027
Indiana$71,957
United States$80,734
See the full table
Kokomo next to Howard County and Indiana
Measure
Kokomo
Howard County
Indiana
U.S.
Typical home value
$137,400 ▼17% below the county
$165,000
$218,200
$332,700
Typical monthly rent
$939
$937
$1,062
$1,413
Typical yearly household income
$55,360 ▼14% below the county
$64,027
$71,957
$80,734
Households that own their home
63% ▼8 points below the county
71%
71%
65%
Typical yearly property tax
$1,075 ▼10% below the county
$1,189
$1,614
$3,119
Effective property tax rate
0.78% ▲0.06 points above the county
0.72%
0.74%
0.94%
Renters with high rent for their income
52% ▲1 points above the county
51%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Howard County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Kokomo
For a typical $137,400 home in Kokomo, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Kokomo's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,121a month
Least cash to close
Down payment
$4,809
Cash to close
$8,931
Rate
7.18%
Mortgage insurance
FHA MIP · $61
Conventional, 5% down$1,096a month
Down payment
$6,870
Cash to close
$10,992
Rate
7.18%
Mortgage insurance
PMI · $65
Conventional, 20% down, no PMI$891a month
Down payment
$27,480
Cash to close
$31,602
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,018a month
Down payment
$20,610
Cash to close
$24,732
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Kokomo
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,121
$4,809
$134,911
7.18%
FHA MIP · $61
$8,931
580
Conventional, 5% down
$1,096
$6,870
$130,530
7.18%
PMI · $65
$10,992
620*
Conventional, 20% down, no PMI
$891
$27,480
$109,920
7.18%
None
$31,602
620*
ITIN, 15% down (example)
$1,018
$20,610
$116,790
8.18%
None
$24,732
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Kokomo is $939 a month: about the same as the county. In Kokomo, 52% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Howard County, by unit size. To pay the 2-bedroom one ($1,179 a month) without spending more than 30% of your income, you would need to earn $22.67 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Howard County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$909
$17.48
$36,360
1 bedroom
$915
$17.60
$36,600
2 bedrooms
$1,179
$22.67
$47,160
3 bedrooms
$1,420
$27.31
$56,800
4 bedrooms
$1,636
$31.46
$65,440
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Kokomo
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Kokomo has 3 ZIP codes with their own.
For 2 bedrooms it runs from $1,120 in 46901 to $1,190 in 46965.
2 of the 3 are above the fair market rent for Howard County ($1,179).
2-bedroom fair market rent in each of the 3 ZIP codes of Kokomo, beside the one for Howard County. For 2 bedrooms it runs from $1,120 in 46901 to $1,190 in 46965. 2 of the 3 are above the fair market rent for Howard County ($1,179).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,179
Lowest: $1,120 (46901)Highest: $1,190 (46965)
Fair market rent by ZIP code and size in Kokomo, fiscal year 2027.
46901
$860
$870
$1,120
$1,350
$1,550
46902
$920
$920
$1,190
$1,430
$1,650
46965
$920
$920
$1,190
$1,430
$1,650
ZIP code2 bd3 bd
46901 $1,120$1,350
46902 $1,190$1,430
46965 $1,190$1,430
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Kokomo when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 14 buildings with rents for lower incomes in Kokomo. These are the largest.
Garden Square800 E Hoffer St, Kokomo 46902175 low-income homes · Run by Kokomo Housing Authority · Average payment: $274 a month · Average wait: 75 months(765) 459-3162
Kokomo Manor Apts510 Elk Dr, Kokomo 46902130 low-income homes · 1 bd: 48 · 2 bd: 61 · 3 bd: 21 · In service since 2005 · For families(765) 453-5766
Briarwick Apartments536 Southlea Dr, Kokomo 46902128 low-income homes · For families(765) 453-9433
Silver Birch of Kokomo408 S Washington St, Kokomo 46901119 low-income homes · Studio: 49 · 1 bd: 70 · In service since 2018
Friendship Haven2600 W Jefferson St, Kokomo 46901100 homes, 99 low-income · For older adults(765) 459-9343
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Howard County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Kokomo or Howard County. The ones below are statewide in Indiana: they work in Kokomo the same as in the rest of the state.
Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage.Offered by Indiana Housing and Community Development Authority (IHCDA).
Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends.Offered by Indiana Housing and Community Development Authority (IHCDA).
No legal help resource on our list is for Kokomo or Howard County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Kokomo and all of Howard County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Kokomo?
The typical home value in Kokomo is $137,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Howard County it is $165,000.
How much does it cost to rent in Kokomo?
Typical rent in Kokomo is $939 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Howard County is $1,179.
What is the FHA loan limit in Kokomo?
Kokomo uses the FHA limit for all of Howard County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Kokomo?
The typical homeowner in Kokomo pays $1,075 a year, according to the U.S. Census Bureau. That is 0.78% of the home’s value; in Howard County, the rate is 0.72%.
Where can I find free help to buy or rent in Kokomo?
We found no HUD-approved counseling agencies with an office in Howard County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
