Kokomo, IN Foreclosures
Current Market Conditions in in Kokomo, IN As of February 2026?
Over the past month, the Kokomo real estate market has seen a slight increase in home prices, reflecting heightened demand during the spring season. The number of home listings has not significantly increased, leading to a competitive atmosphere for buyers. As families move to the area and interest rates stabilize, local experts predict that sales will continue to increase, along with median home values. Buyers are advised to be prepared to act quickly, as homes are entering and exiting the market rapidly.
How much do homes sell for in Kokomo, IN?
The average home price is currently $210,790.
In Kokomo, IN, how many homes are available?
There are currently 121 active home listings available in Kokomo.
What’s the average rental cost in Kokomo, IN?
The average rental price in Kokomo is $1,039.
What is the most expensive home in Kokomo?
The most expensive home sold in Kokomo had a price of $10,409,836.
What is currently the cheapest priced home in Kokomo, IN?
The cheapest home for sale in Kokomo is priced at $11,359.
Living in Kokomo, IN
Kokomo, Indiana is a welcoming city with a robust sense of community, rich history, and numerous amenities that cater to families and individuals alike. It boasts a variety of outdoor activities and festivals that highlight local culture, along with a range of educational institutions. With affordable living and connectivity to nearby cities, Kokomo is a prime location for homebuyers looking for a balanced lifestyle.
Buyer vs Seller Market in Kokomo, IN
The real estate market in Kokomo, IN has shown promising growth over the last year, with a steady increase in home sales and an uptick in new developments. The community's appeal, coupled with its affordability, has attracted many first-time homebuyers and families searching for quality housing options.
Current market conditions indicate a competitive environment, particularly for single-family homes, as inventory remains low relative to demand. This trend has prompted sellers to receive multiple offers, driving home prices up.
Home values are expected to continue rising, driven by ongoing economic developments in the region and the potential for job growth, attracting more residents to the Kokomo area.
Home Value Estimator For Kokomo, IN
There are currently 29,078 real estate properties
in Kokomo, IN,
with a median automated valuation model (AVM) price
of $181,943.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Kokomo, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Kokomo, IN,
is $210,790.00, with the most expensive house
in Kokomo, IN, topping out
at $10,409,836.00 and the cheapest home
in Kokomo, IN,
clocking in at $11,359.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Kokomo, IN!
Rent Prices
In Kokomo, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Kokomo, IN, is on
a rollercoaster ride. The
average rent price in Kokomo, IN,
is $1,039.00. Indeed, when looking to rent in
Kokomo, IN, you can expect to pay as little
as $420.00 or as much
as $2,370.00,
with the average rent median estimated to
be $990.00. The good news is that finding
an affordable and desirable property to rent in Kokomo, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
