Mortgage payment estimates, closing cost breakdowns, and homebuying data for Kokomo, Indiana.
Pre-filled with Kokomo median home price and Indiana tax/insurance rates. Adjust for your property.
Estimated closing costs based on Indiana rates and fees applied to Kokomo prices.
The median home price in Kokomo is $135,000, 44% below the Indiana state median of $240,000. With a population of 58,211, Kokomo is a smaller market where home prices tend to be more accessible than in many parts of Indiana.
Property taxes in Indiana average 0.84% annually. This moderate property tax rate means a $135,000 home in Kokomo would carry roughly $95/month in property taxes. Homeowners insurance in Indiana runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Kokomo is $750/month. The price-to-rent ratio in Kokomo is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Kokomo offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Indiana's IHCDA Next Home program.