Rental market snapshot for Kokomo, Indiana

Kokomo, Indiana Rental Property Market Overview

Kokomo, Indiana is a city located in Howard County with a population of 59,691 as of 2021, according to the US Census. It is the county seat of Howard County and is known for its automotive industry, which includes the production of the first all-steel automobile. The city is home to several museums, parks, and other attractions, including the Seiberling Mansion, the Elwood Haynes Museum, and the Kokomo Municipal Stadium. Kokomo is also home to several higher education institutions, including Indiana University Kokomo, Ivy Tech Community College, and Indiana Wesleyan University.

The average rent for an apartment in Kokomo is $733. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Kokomo Indiana | Cost of Living

  • The most expensive ZIP code in Kokomo is 46902 with an average price of $927.
  • The cheapest ZIP code in Kokomo is 46901 with an average price of $867.

Kokomo ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
146902$927
246901$867

Live near Kokomo, Indiana's Top Sights and Attractions

Northwest Park is a sprawling outdoor recreation area located in Kokomo, Indiana. It features a variety of activities for visitors to enjoy, including a large lake for fishing and boating, a disc golf course, a playground, and a picnic area. There are also several trails for hiking and biking, as well as a nature center with educational programs. The park also hosts a variety of events throughout the year, such as concerts, festivals, and outdoor movie screenings.

Highland Park is a beautiful public park located in Kokomo, Indiana. It features a variety of outdoor activities, including a large lake, walking trails, and a playground. There are also picnic areas, a disc golf course, and a large open field perfect for sports and other activities. The park also features a variety of wildlife, including ducks, geese, and other birds. Visitors can also enjoy a variety of seasonal events, such as concerts, festivals, and holiday celebrations.

Jackson Morrow Park is a beautiful outdoor space located in Kokomo, Indiana. It features a large lake, walking trails, picnic areas, and playgrounds. There is also a disc golf course, a skate park, and a basketball court. The park is a great place to relax and enjoy nature, as well as to get some exercise. It is a popular spot for families and friends to gather and spend time together.

Kokomo Municipal Stadium is a multi-purpose stadium located in Kokomo, Indiana. It is home to the Kokomo Jackrabbits, a collegiate summer baseball team. The stadium features a seating capacity of 2,500, a full-service concession stand, and a large grass berm for additional seating. It also features a large open-air pavilion, perfect for hosting events such as concerts, festivals, and other community gatherings. The stadium is surrounded by a lush green landscape, making it a great place to spend an afternoon.

Vermont Covered Bridge is a historic bridge located in Kokomo, Indiana. Built in 1887, it is one of the few remaining covered bridges in the state. The bridge spans the Wildcat Creek and is constructed of Burr Arch trusses, with a length of 140 feet and a width of 15 feet. The bridge is painted red and white, and is surrounded by lush greenery. Visitors can walk across the bridge and take in the picturesque views of the creek and surrounding countryside.

When the Earth Moves is an interactive educational experience in Kokomo, Indiana that allows visitors to explore the science behind earthquakes and volcanoes. Guests can explore a simulated earthquake zone, watch a live volcano eruption, and learn about the forces of nature that shape the Earth. The attraction also features a variety of interactive exhibits and activities, such as a virtual reality experience and a 3D theater.

Kokomantis is a large, colorful sculpture located in a public park. The sculpture is made of metal and stands over 30 feet tall. It features a variety of shapes and colors, and is lit up at night for a spectacular display. Visitors can take pictures of the sculpture and enjoy the surrounding park.

Bon Air Park is a large public park located in Kokomo, Indiana. It features a variety of outdoor activities, including a playground, walking trails, a disc golf course, and a fishing pond. There are also picnic areas, a basketball court, and a pavilion. The park is a great place to spend a day with family and friends, as it offers plenty of space to explore and enjoy the outdoors.

Inspirational Heroes is an outdoor attraction in Kokomo, Indiana that pays tribute to the heroes of the community. It features life-size bronze statues of local heroes, including veterans, firefighters, police officers, and teachers, as well as a memorial wall with the names of those who have served the community. The attraction also includes a walking path, benches, and a reflecting pool.

Kokomo Beach is a popular destination for locals and visitors alike. It is located on the shores of Lake Kokomo and offers a variety of activities for all ages. Visitors can enjoy swimming, fishing, boating, kayaking, and paddle boarding. There are also picnic areas, playgrounds, and a beach house with a snack bar. The beach is also home to a variety of wildlife, including ducks, geese, and turtles. The beach is open year-round and offers stunning views of the lake and surrounding landscape.

Kokomo, Indiana area median rent change by ZIP code map

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How does Kokomo compare to other cities in Indiana?

citymedian price
Tipton$1,575
Beech Grove$1,455
Cumberland$1,395
South Bend$1,367
Plymouth$1,047
Evansville$925

Average household income in Kokomo area graph - US Census

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The median household income in Kokomo in 2021 was $51,450. This represents a 37.9% change from 2011 when the median was $37,300.

#categorypercent
0Less than $10,0006.4%
1$10,000 to $14,9995.7%
2$15,000 to $19,9995.7%
3$20,000 to $24,9996.2%
4$25,000 to $29,9994.8%
5$30,000 to $34,9997.6%
6$35,000 to $39,9995.2%
7$40,000 to $44,9994.3%
8$45,000 to $49,9995.6%
9$50,000 to $59,9999.4%
10$60,000 to $74,99910.2%
11$75,000 to $99,99911.4%
12$100,000 to $124,9996.8%
13$125,000 to $149,9995.4%
14$150,000 to $199,9993.2%
15$200,000 or more2.0%

Neighborhoods in Kokomo

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Kokomo is $733.
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