Cities with the fastest growing home prices in Kokomo metro area

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January 19, 2023
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Cities with the fastest growing home prices in Kokomo metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Kokomo, IN metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 3 cities and towns with data available were included in the list.

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Stacker

#3. Kokomo, IN

- 1-year price change: +$14,278 (+10.3%)
- 5-year price change: +$55,654 (+57.3%)
- Typical home value: $152,703 (#3 most expensive city in metro)
2 / 3
Stacker

#2. Russiaville, IN

- 1-year price change: +$18,039 (+8.8%)
- 5-year price change: +$71,647 (+47.1%)
- Typical home value: $223,616 (#1 most expensive city in metro)
3 / 3
Stacker

#1. Greentown, IN

- 1-year price change: +$19,761 (+10.2%)
- 5-year price change: +$75,843 (+55.0%)
- Typical home value: $213,670 (#2 most expensive city in metro)

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