Kokomo, IN home prices
Typical home $190,878 · +4.4% in a year · income needed $53,000
The Kokomo, IN metro area ranks 675 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.4% in a year and +37.9% over five years. With 20% down at 7.11%, the typical home costs about $1,237 a month including 0.72% property tax (Howard County rate).
Mortgage on the typical Kokomo home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $38,176 | $152,702 | $1,027 | $0 | $210 | $1,237 | $53,000 |
| 10% down | $19,088 | $171,790 | $1,156 | $72 | $210 | $1,437 | $61,600 |
| 5% down | $9,544 | $181,334 | $1,220 | $76 | $210 | $1,505 | $64,500 |
| 3.5% down (FHA) | $6,681 | $187,421 | $1,261 | $84 | $210 | $1,555 | $66,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.72% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Kokomo area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Howard County, IN | $190,881 | +4.4% | 0.72% |
What can you afford in Indiana on your salary? · Indiana home prices · Salaries in Indiana
Frequently asked questions
How much is a house in Kokomo?
The typical home in the Kokomo, IN metro area is worth $190,878 (Zillow, September 2026).
What salary do you need to buy a house in Kokomo?
About $53,000 a year for the typical home with 20% down at 7.11%.