Kokomo Housing Market Update: Values Near $175K, Rates Dip Below 6%
Kokomo, IN – March 1, 2026 – Home values hover near $175K, inventory stays active heading toward spring, and 30-year mortgage rates slipped below 6%.
Kokomo, IN market trackers continue to point to a steady, mid-priced environment with a healthy amount of active inventory as spring approaches. Recent pricing reads also suggest buyers and sellers may be negotiating more on condition and updates than on small list-price differences.
Top takeaways
- Home values: Zillow’s typical home value is about $175K, up 6% year over year.
- Inventory: Zillow shows 302 homes for sale and 59 new listings (data through Jan 31, 2026).
- Mortgage rates: Freddie Mac’s 30-year fixed average was 5.98% for the week ending Feb 26, 2026.
Market snapshot
Redfin’s January 2026 update puts the median sale price around $183K (about +18% YoY). In practical terms, that kind of market backdrop can make the home’s presentation—updates, maintenance, and overall condition—a bigger driver of results than minor pricing gaps between comparable listings.
What’s for sale and what to watch
- Compare by home type and location: Use price filters to contrast older in-town homes versus newer edges-of-town builds, and keep an eye on days on market for refreshed listings.
- Rent check: Zillow’s average asking rent is about $1,009, pointing to stable-to-slightly rising leases.
- Neighborhood signals: Watch for more price cuts, faster offers, or tighter rental availability as early indicators of shifting momentum.
Seeing more price cuts, faster offers, or tighter rentals in your neighborhood?