Affordable & Income-Based Housing in Kokomo

Affordability in Kokomo, IN

According to Census ACS 5-Year data (2024), the median monthly rent in Kokomo is $939, set against a median household income of $55,360 per year. About 37% of Kokomo residents are renters, reflecting a sizeable base of households that may benefit from income-based and HUD-assisted housing options.

Safety

According to FBI Crime Data Explorer, the Kokomo Police Department reported a violent crime rate of 500 per 100,000 residents in 2024. Crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

Of the 6 HUD-assisted properties in Kokomo mapped for flood risk, none fall in a high-risk flood zone.

Getting Around Kokomo

According to Walk Score, the areas around Kokomo's assisted properties average a Walk Score of 58 (Somewhat Walkable) and a Bike Score of 43. No Transit Score is available for this area. These scores reflect conditions near the assisted properties specifically, not the city as a whole.

Schools

Kokomo is served by 22 public schools across 4 districts -- including 11 elementary, 5 middle, and 6 high schools -- according to NCES Common Core of Data. Ratings vary by school and district, so renters should check the assigned schools for a specific address before applying.

Cost of Renting in Kokomo, IN

The median household income in Kokomo is $55,360 per year, according to the Census ACS 5-Year estimate. The citywide median rent is $939 per month, according to the same source.

Income-based and HUD-assisted housing can help renters whose costs exceed what their budget allows. Kokomo has 6 assisted properties with 683 total units tracked on Lease Lantern.

• Citywide median rent: $939/month (Census ACS 5-Year)
• Median household income: $55,360/year (Census ACS 5-Year)
• Share of renter households: 37% (Census ACS 5-Year)

Environment

All 6 HUD-assisted properties in Kokomo have been mapped for flood risk, and none fall within a high-risk flood zone.