Kokomo, IN Real Estate
According to census data in the year 2000 there were 22,350 housing units in Kokomo.
This represents a 9.9% growth from 20,340 in 1990.
Of those housing units, 22,331 were located in either urbanized areas or urban clusters, and 19 were located in what is classified as a rural area.
Homeownership rate in Kokomo is about 60.9%.
Kokomo's vacancy rate, including seasonal lodging, is about 9.1%.
Average household size is 2.23 people.
The majority of houses, apartments or condos in Kokomo were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 14% |
| Two Bedrooms | 36.90% |
| Three Bedrooms | 36.70% |
| Four Bedrooms | 9.30% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $74,000 |
| Median Price asked for vacant units | $69,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.01 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $436 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 8.30% |
| Home Equity Loan | 6.40% |
| Simple Mortgage | 52.80% |
| Debt Free | 32% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.5% |
