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Preforeclosure Homes in Kokomo, MS

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Kokomo, MS Foreclosures

How much do homes sell for in Kokomo, MS?
The average home price is currently $191,240.
In Kokomo, MS, how many homes are available?
There are currently 1 active home listings available in Kokomo.
What’s the average rental cost in Kokomo, MS?
The average rental price in Kokomo is $1,169.
What is the most expensive home in Kokomo?
The most expensive home sold in Kokomo had a price of $2,843,100.
What is currently the cheapest priced home in Kokomo, MS?
The cheapest home for sale in Kokomo is priced at $25,198.

Living in Kokomo, MS

Kokomo, Mississippi, is a charming small town that offers a peaceful and friendly atmosphere. Nestled in a picturesque setting, it boasts a strong sense of community with local events and gatherings throughout the year. Residents enjoy access to outdoor recreational activities such as fishing and hiking, making it an excellent place for those who appreciate nature and a slower pace of life.

Current Market Conditions in Kokomo, MS

The real estate market in Kokomo shows a steady demand for homes, particularly due to the area's appeal to families and retirees seeking a tranquil lifestyle. The housing stock is predominantly single-family homes with spacious yards, which are desirable for many buyers.

As of late 2023, Kokomo has experienced a slight increase in home values, attributed to ongoing interest in rural living amidst rising urban house prices. There are several new developments in the area which may contribute to growth in the coming years.

Home Value Estimator For Kokomo, MS

There are currently 254 real estate properties in Kokomo, MS, with a median automated valuation model (AVM) price of $154,318.00. 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, MS, 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, MS, is $191,240.00, with the most expensive house in Kokomo, MS, topping out at $2,843,100.00 and the cheapest home in Kokomo, MS, clocking in at $25,198.00. In other words, there’s something for every potential homebuyer or savvy investor in Kokomo, MS!

Rent Prices In Kokomo, MS

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Kokomo, MS, is on a rollercoaster ride. The average rent price in Kokomo, MS, is $1,169.00. Indeed, when looking to rent in Kokomo, MS, you can expect to pay as little as $810.00 or as much as $2,080.00, with the average rent median estimated to be $1,110.00. The good news is that finding an affordable and desirable property to rent in Kokomo, MS -- 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.

Kokomo, MS Preforeclosure Homes


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