Rent, population, and median household income are important factors to consider for a 1031 exchange in Kokomo due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Kokomo, Indiana is a part of the Kokomo, IN metropolitan area, and contains 4 zip codes: 46904, 46901, 46903, and 46902.
Kokomo Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Kokomo, IN metropolitan area was $649, which is 12.67% lower than 2014 average rent. This represents a compounded annual growth rate of 2.42%. 2019 vacancy in Kokomo, IN was 5.60%.
The total population of the city of Kokomo, IN has grown 27.27% since 2010. As of 2018, the population was 57,869. The median household income of the Kokomo was $43,558, which is 27.76% lower than the national average.
- metropolitan area Kokomo, IN
- avg rent $649
- rent growth 12.67%
- vacancy 5.60%
- median income $43,558
- population (2018) 57,869
- population growth 27.27%
- vs. nat'l avg 27.76%
- zip codes 46901 46902 46903 46904