HousingHandbookReference data

U.S. ZIP Code · IN46902

Howard County · Kokomo, IN

Typical home value

$200,744[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.5%
5-year / yr
+7.8%
10-year / yr
+7.7%

Relative price

vs U.S.
-29.3%
vs metro
-9.8%
vs state
-13.2%
ZIP 46902 location in IN
Location of ZIP 46902 in IN

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 46902 is worth $200,744 — 9.8% below the Kokomo, IN median. Over the past year, values have risen 5.5%. Homes here rent for a typical $1,008 a month — a 6.0% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,008[2]
Gross yield
6.0%[2]
Cap rate
3.6%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.7%[3]
Typical annual tax
$1,348[3]

#Climate risk

FEMA National Risk Index ratings for Howard County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Very Low
Tornado
Relatively Moderate
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
37,017[3]
Median household income
$62,126[3]

#Migration

Household moves in and out of Howard County over a year, from IRS tax-return data.

Net migration
+104[5]
Moved in
2,075
Moved out
1,971

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
8
Elementary
2
Middle
2
High
4
  • Kokomo High School

    High · Grades 9–12 · Kokomo School Corporation

    1,472 students

  • Western High School

    High · Grades 9–12 · Western School Corporation

    795 students

  • Taylor Elementary School

    Elementary · Grades PK–4 · Taylor Community School Corp

    467 students

  • Maple Crest Middle School

    Middle · Grades 6–8 · Kokomo School Corporation

    419 students

  • Boulevard Elementary School

    Elementary · Grades PK–5 · Kokomo School Corporation

    372 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield6.0%
Net yield (after ~40% expenses)3.6%
Annual rent$12,094

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,015
Loan principal$160,595
Down payment$40,149
Total interest paid$204,831

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.28
Monthly cost to own$1,294
Monthly rent$1,008

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
100th percentile[1]
Rental yield
0th percentile[2]
Property tax
67th percentile[3]

Frequently asked

How much is a home worth in ZIP code 46902?
The typical home in 46902 is worth $200,744, based on the Zillow Home Value Index.
Are home values rising in 46902?
Home values in 46902 are up 5.5% over the past year, and up 7.8% a year over five years.
What is the typical rent in 46902?
A typical home in 46902 rents for about $1,008 a month, a gross rental yield of 6.0%.
What is the property tax rate in 46902?
The effective property tax rate in 46902 is 0.7% — roughly $1,348 a year on a typical home.
Who lives in 46902?
ZIP code 46902 has a population of 37,017 and a median household income of $62,126.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 46902 against any other ZIP — full side-by-side table.

Compare 46902

#Jump to section