Kokomo, IN has a population of 57,941, while the median age is 40. The household income in Kokomo, IN is around $41,366. The homeownership rate among the residents is 61%. The median residential property value in Kokomo, IN that you should keep in mind is $85,200.
Population | 57,941 |
Median Age | 39.9 |
Poverty Rate | 20% |
Household Income | $41,366 |
Number Of Employees | 25,213 |
Median Property Value | $85,200 |
Rent Price |
Apr | vs Last Month |
---|---|---|
Studio apartments | $5,530 | +212.4% |
1-bed apartments | $2,102 | +368.2% |
2-bed apartments | $2,646 | +434.6% |
3-bed apartments | $4,365 | N/A |
4+ bed apartments | $5,056 | N/A |
Over the April 2023, the average rent for an apartment in/near Kokomo, IN increased by 280.9% to $3,446.
Compared to the last month, the average price for a rental studio in Kokomo, IN has increased by 212.4%. You can expect to rent the studio for $5,530 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment increased by 368.2% to $2,102. Pricing for 2-bed apartment also increased by 434.6% and a place of this size will now cost you $2,646. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $4,365. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $5,056 for a big-family home.
Rent Type Price |
Apr | vs Last Month |
---|---|---|
Condos for rent | $2,190 | +23.7% |
Houses for rent | $3,829 | +711.3% |
Apartments for rent | $2,890 | N/A |
Looking at the median rent price for an apartment in Kokomo, IN, you can note that it remains flat with a price tag of $2,890. Statistics show that house rent price increased by 711.3% this month making it up to $3,829. Condos faced an upward trend these days. The median rent for a condo increased by 23.7%, it’s now available for $2,190.