How much house does $500,000 buy you in Kokomo?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Kokomo?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Kokomo right now. Listings below $500,000 were included if necessary.
2286 N Cooper St, Kokomo, IN 46901
- Price: $369,900
- 5 bedrooms, 3 bathrooms
- Square feet: 1,920
- See 2286 N Cooper St, Kokomo, IN 46901 on Redfin.com
2286 N Cooper St, Kokomo, IN 46901
- Price: $369,900
- 5 bedrooms, 3 bathrooms
- Square feet: 1,920
- See 2286 N Cooper St, Kokomo, IN 46901 on Redfin.com
2795 Jaquelyn Ct, Kokomo, IN 46902
- Price: $349,900
- 5 bedrooms, 2 bathrooms
- Square feet: 3,465
- See 2795 Jaquelyn Ct, Kokomo, IN 46902 on Redfin.com
128 W Walnut St, Kokomo, IN 46901
- Price: $399,900
- 4 bedrooms, 4 bathrooms
- Square feet: 2,310
- See 128 W Walnut St, Kokomo, IN 46901 on Redfin.com
1601 Bramoor Dr, Kokomo, IN 46902
- Price: $449,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,796
- See 1601 Bramoor Dr, Kokomo, IN 46902 on Redfin.com
11821 Crestview Blvd, Kokomo, IN 46901
- Price: $499,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,552
- See 11821 Crestview Blvd, Kokomo, IN 46901 on Redfin.com
2222 N 100 E, Kokomo, IN 46901
- Price: $445,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,968
- See 2222 N 100 E, Kokomo, IN 46901 on Redfin.com
3201 Walton Way, Kokomo, IN 46902
- Price: $390,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,603
- See 3201 Walton Way, Kokomo, IN 46902 on Redfin.com
3030 Albright Rd, Kokomo, IN 46902
- Price: $349,900
- 4 bedrooms, 3 bathrooms
- Square feet: 3,525
- See 3030 Albright Rd, Kokomo, IN 46902 on Redfin.com
8937 E 300 S, Greentown, IN 46936
- Price: $379,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,379
- See 8937 E 300 S, Greentown, IN 46936 on Redfin.com
5626 Sandstone Ave, Kokomo, IN 46901
- Price: $439,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,567
- See 5626 Sandstone Ave, Kokomo, IN 46901 on Redfin.com
2191 Beech Tree Ct, Kokomo, IN 46902
- Price: $429,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,260
- See 2191 Beech Tree Ct, Kokomo, IN 46902 on Redfin.com
2027 Wesmar Ct, Kokomo, IN 46902
- Price: $379,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,684
- See 2027 Wesmar Ct, Kokomo, IN 46902 on Redfin.com
2913 Mayor Dr, Kokomo, IN 46902
- Price: $414,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,285
- See 2913 Mayor Dr, Kokomo, IN 46902 on Redfin.com
3139 Crooked Stick Dr, Kokomo, IN 46902
- Price: $374,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,148
- See 3139 Crooked Stick Dr, Kokomo, IN 46902 on Redfin.com
3015 Crooked Stick Dr, Kokomo, IN 46902
- Price: $389,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,148
- See 3015 Crooked Stick Dr, Kokomo, IN 46902 on Redfin.com
1233 Canterview Way, Kokomo, IN 46901
- Price: $357,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,580
- See 1233 Canterview Way, Kokomo, IN 46901 on Redfin.com
1749 Foxhaven Dr, Kokomo, IN 46902
- Price: $424,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,420
- See 1749 Foxhaven Dr, Kokomo, IN 46902 on Redfin.com
699 N 300 W, Kokomo, IN 46901
- Price: $415,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,396
- See 699 N 300 W, Kokomo, IN 46901 on Redfin.com
3158 Crooked Stick Dr, Kokomo, IN 46902
- Price: $342,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,338
- See 3158 Crooked Stick Dr, Kokomo, IN 46902 on Redfin.com
2187 Beech Tree Ct, Kokomo, IN 46902
- Price: $419,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,329
- See 2187 Beech Tree Ct, Kokomo, IN 46902 on Redfin.com
5735 E 400 S, Kokomo, IN 46902
- Price: $450,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,144
- See 5735 E 400 S, Kokomo, IN 46902 on Redfin.com
4103 Dee Ann Dr, Kokomo, IN 46902
- Price: $379,900
- 3 bedrooms, 4 bathrooms
- Square feet: 2,829
- See 4103 Dee Ann Dr, Kokomo, IN 46902 on Redfin.com
2002 Kerri Lynn Ln, Kokomo, IN 46902
- Price: $424,900
- 3 bedrooms, 3 bathrooms
- Square feet: 3,426
- See 2002 Kerri Lynn Ln, Kokomo, IN 46902 on Redfin.com
1237 Canterview Way, Kokomo, IN 46901
- Price: $415,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,755
- See 1237 Canterview Way, Kokomo, IN 46901 on Redfin.com
1702 Timber Valley Ct, Kokomo, IN 46902
- Price: $475,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,699
- See 1702 Timber Valley Ct, Kokomo, IN 46902 on Redfin.com
1036 S 820 W, Russiaville, IN 46979
- Price: $349,000
- 3 bedrooms, 2 bathrooms
- Square feet: 3,352
- See 1036 S 820 W, Russiaville, IN 46979 on Redfin.com
1085 N 400 W, Kokomo, IN 46901
- Price: $379,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,464
- See 1085 N 400 W, Kokomo, IN 46901 on Redfin.com
2161 Maple Leaf Dr, Kokomo, IN 46902
- Price: $409,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,092
- See 2161 Maple Leaf Dr, Kokomo, IN 46902 on Redfin.com
2179 Beech Tree Ct, Kokomo, IN 46902
- Price: $379,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,703
- See 2179 Beech Tree Ct, Kokomo, IN 46902 on Redfin.com
