Kokomo, IN · Indiana
Howard County
83,610 residents109 permits TTM$62,496 median HHI6 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$151,500
ACS 5-Year
Cap rate proxy
7.2%
FMR × 0.65 ÷ Home Value
Rent-to-income
17.6%
HUD FMR ÷ ACS HHI
Net migration
+1.42%
IRS SOI
Permits (TTM)
109
Census BPS
Climate risk
63.7
FEMA NRI (0–100)
ZIP code breakdown6 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 46937 | — | — | — | 7.2% | 18.5% |
| 46965 | — | — | — | 7.2% | 18.5% |
| 46936 | — | — | — | 4.5% | 18.5% |
| 46901 | — | — | — | 7.3% | 13.4% |
| 46979 | — | — | — | 4.1% | 18.5% |
Ranked by composite score
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Demographics
Owner-occupied
71.9%
Census ACS
Vacancy rate
11.7%
Census ACS
Bachelor's degree +
20.0%
Census ACS
Rent burdened
44.6%
Census ACS (>30% income)
Median age
41.0
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 28, 2026