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.


Housing Size

Housing Units by Size
Studio Type1.40%
One Bedroom14%
Two Bedrooms36.90%
Three Bedrooms36.70%
Four Bedrooms9.30%
Five Bedrooms or more1.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.37
Median year structure was built1954
Median Value of occupied units$74,000
Median Price asked for vacant units$69,300

Rented Homes, Apartments and Condos

Average Household Size2.01
Median year structure was built1962
Median Monthly Rent asked for vacant units$436

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage8.30%
Home Equity Loan6.40%
Simple Mortgage52.80%
Debt Free32%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.5%