Kokomo, IN Foreclosures
How much do homes sell for in Kokomo, IN?
The average home price is currently $202,700.
In Kokomo, IN, how many homes are available?
There are currently 74 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 $4,313,700.
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, IN is a charming city characterized by its rich history, community-oriented lifestyle, and affordable living. With numerous parks, cultural attractions, and educational institutions, it is perfect for families and young professionals alike. Residents benefit from a close-knit community and easy access to larger urban centers, making it a great place to call home.
Current Market Conditions in Kokomo, IN
The real estate market in Kokomo has seen a steady increase in demand over the past year, with home values appreciating as buyers seek affordable housing options in a tranquil setting. The city offers a variety of properties, from historic homes to new developments, attracting a wide range of buyers, including first-time homeowners and investors.
In recent months, Kokomo has experienced a competitive market, with homes selling quickly, especially those priced under the median. This has spurred builders and developers to increase inventory, but demand still outweighs supply in many segments.
Home Value Estimator For Kokomo, IN
There are currently 27,476 real estate properties
in Kokomo, IN,
with a median automated valuation model (AVM) price
of $177,021.00. 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 $202,700.00, with the most expensive house
in Kokomo, IN, topping out
at $4,313,700.00 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
