Real Estate Investing in Kokomo, Indiana (46901)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46901 (Kokomo, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.9% vacancy may signal weakening demand.
What’s happening in Kokomo, IN (46901)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 46901 Kokomo
Looking more closely, ZIP 46901 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $166K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $166K asset, 46901 is the wrong submarket. If the plan prices in friction, the yield can still work.
Stepping back, 46901 offers a low basis, the region around Kokomo has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
On balance, 38,254 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 46901 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Kokomo:
Property Strategy for 46901
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $63,249 | $830 | 9.4% | +11.3% | $63,249 |
| 2BR | $101,491 | $1,050 | 7.4% | +11.2% | $50,746 |
| 3BR | $168,435 | $1,290 | 5.5% | +8.8% | $56,145 |
| 4BR | $240,403 | $1,460 | 4.4% | +8.3% | $60,101 |
| 5BR | $273,509 | — | — | +7.7% | $54,702 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 46901 Compare?
| Metric | 46901 | Kokomo | Kokomo, IN | Indiana |
|---|---|---|---|---|
| Home Value | $165,798 | $74,078 | N/A | $248,442 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 7.7% |
| Avg Rent | $944 | $1,011 | N/A | - |
| Cap Rate | 4.4% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46901 (Kokomo, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $165,798 |
| Monthly Rent | $944 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 Rent Trends
| 1-Year | -4.2% ▼ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 46901
Population: 38,254
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 46901
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 809 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Kokomo, IN?
The median home value in Kokomo, IN is roughly $166K. That puts it reasonable relative to the IN statewide average.
Are tenants stable in Kokomo, IN?
The renter base in Kokomo, IN is reasonable for the $944/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
How should investors approach Kokomo, IN?
The best-fit strategy in Kokomo, IN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Kokomo, IN landlord-friendly?
Kokomo, IN operates under IN law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
What monthly rent should investors expect in Kokomo, IN?
Rent in Kokomo, IN is around $944/mo. The resulting rent-to-value relationship with $166K pricing is reasonable for most investor models.
You know 46901 now. You don’t know where it ranks.
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