Kokomo, IN
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Kokomo short-term rental market based on reliable data.
Listings
82 / 203
Reliable / Active
Cap Rate
12%
Middle-Earners Gross Yield
Revenue
$20,410
Middle-Earners Revenue
Occupancy
59%
Middle-Earners Occupancy
Home Value
$174,870
Median Home Sale Price
Top Earners
$33,615
Top-Earners Revenue
Kokomo
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Kokomo.
Loading top listings...
Generally Investor friendly
Kokomo Regulations
STRs are permitted by default in Kokomo, but operators must obtain a Certificate of Occupancy and, if the use is classified as a Bed & Breakfast, secure a Special Exception in most residential districts; the lack of a dedicated ordinance also forces owners to use the “questionable land use” process for definitive classification, creating moderate permitting and compliance steps. State sales tax (7 %) and Howard County innkeeper’s tax (5 %) registration are required, but there are no explicit caps or overly restrictive fees. Overall the regulations are welcoming yet involve a known, manageable approval pathway, making Kokomo friendly to investors despite some administrative uncertainty.
Local STR Agent
STR specialist · Kokomo, IN
About Kokomo
Kokomo ( KOH-kə-moh) is a city in Indiana and the county seat of Howard County, Indiana, United States. Its population was 59,604 in the 2020 census. It is the principal city of the Kokomo, Indiana Metropolitan Statistical Area, which includes all of Howard County, the Kokomo-Peru CSA, which includes Howard and Miami counties. It is the largest city and cultural center for the North Central Indiana region consisting of six counties anchored by the city of Kokomo. Named for the Miami Ma-Ko-Ko-Mo who was called "Chief Kokomo", Kokomo first benefited from the legal business associated with being the county seat. Before the Civil War, it was connected with Indianapolis and then the Eastern cities by railroad, which resulted in sustained growth. Substantial growth came after the discovery of large natural gas reserves, which produced an economic boom in the mid-1880s. Among the businesses which the boom attracted was the fledgling automobile industry. A significant number of technical and engineering innovations were developed in Kokomo, particularly in automobile production, and, as a result, Kokomo became known as the "City of Firsts." A substantial portion of Kokomo's employment still depends on the automobile industry.