Much like the surrounding areas, it's significantly less expensive compared to the rest of the nation. However compared to the city of Fort Wayne, it is a little less expensive.
Home prices
The median home in Kokomo costs $89,100. This is about $1,020 (1%) lower in comparison to its nearby areas.Compared to the entire country it is roughly $128,400 (59%) lower, and in comparison to the city of Fort Wayne it is approximately $26,000 (22%) lower.
Rents
In Kokomo the median monthly rent is $695. Compared to the surrounding areas this is is very similar.It is approximately $367 (34%) lower in comparison to the country as a whole, and compared to the city of Fort Wayne it is roughly $69 (9%) lower.
Nearby places
Sharpsville
Sharpsville is approximately 5 miles south of Kokomo. The real estate prices there are fairly similar. Sharpsville's median home value is $86,300, which comes out to $2,800 (3%) lower than Kokomo. Rents there are a little more expensive. Sharpsville's median rent is $834 a month, which is $139 (16%) higher than Kokomo.
Russiaville
Russiaville is about 7 miles southwest from Kokomo. The housing prices there are a little more expensive. The median home cost in Russiaville is $117,700, which is $28,600 (24%) higher than Kokomo. Its rents are somewhat less expensive. Russiaville's median monthly rent is $575, which is $120 (20%) lower than Kokomo.
Greentown
Greentown is approximately 7 miles east of Kokomo. The housing prices there are a little more expensive. Greentown's median home value is $104,900, which works out to $15,800 (15%) higher than Kokomo. Its rents are a little less expensive. In Greentown the median monthly rent is $596, which is $99 (16%) lower than Kokomo.
Galveston
Galveston is approximately 8 miles north from Kokomo. Housing prices there are fairly similar. The median home in Galveston costs $88,300, which is very similar to Kokomo. Rents there are somewhat more expensive. In Galveston the median rent is $732 a month, which comes out to $37 (5%) higher than Kokomo.
Windfall City
Windfall City is approximately 10 miles southeast of Kokomo. Its housing prices are a lot less expensive. The cost of the median home in Windfall City is $53,400, which works out to $35,700 (66%) lower than Kokomo. Rents there are a bit more expensive. In Windfall City the median rent is $738 per month, which comes out to $43 (5%) higher than Kokomo.
