Commercial Real Estate Market in Kokomo, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
159 active listings and 2,618 off-market properties in Kokomo, IN. Commercial property asks $10/SF to buy and $10.73/SF/Yr to lease.
Market Trends
Kokomo, IN spans 191.6 square miles in Howard County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Kokomo, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Kokomo, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Kokomo, IN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Kokomo, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 47.5%
- Industrial 16%
- Agricultural 14.6%
- Commercial 9.1%
- Civic 7.1%
- Open space 4.4%
- Planned_development 0.8%
Largest Zones share of zoned land by district
Agriculture
Medium Density Residential
High Intensity Industrial Or Heavy Manufacturing
Very Low Density Residential
Agricultural Residential
Kokomo, IN zones 21,540 acres across 27 districts. Commercial zoning covers 9.1% of zoned land, residential 47.5%, open space 4.4% and industrial 16%. The largest single district is Agriculture at 14.6%. For commercial buyers the practical constraint is that only 25.1% of land carries a commercial or industrial designation.
Medium Density Residential (R3)
R3 - Medium Density Residential (pages 3-12 and 3-13): This district is established for single family, detached, small to medium sized homes on small to medium sized lots.
Market overview
Demographics & Economy
Kokomo, IN has 74,110 residents in 36,311 households. Density runs 387 people per square mile. Median household income here is $60,315 and median gross rent $898 a month.
74,110
Population
36,311
Households
2
Avg Household Size
41
Median Age
18%
College-Educated
91%
High-School Grad
191.6 sq mi
ZIP Area
387
Density / Sq Mi
$60,315
Median Household Income
$37,007
Median Earnings
$898
Median Rent
$142,738
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Middleton | — | — |
| Hemlock | — | — |
| Galveston | — | — |
| Sharpsville | — | — |
Commercial property in Kokomo, IN asks $10/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Kokomo?
Commercial property in Kokomo, IN asks an average of $10 per square foot.
How much does it cost to lease commercial space in Kokomo?
Asking lease rates in Kokomo, IN average $10.73 per square foot per year.
What zoning applies to commercial property in Kokomo?
Kokomo, IN zones 21,540 acres across 27 districts, of which 9.1% is commercial and 16% industrial. The largest single district is Agriculture at 14.6% of zoned land. Residential zoning covers 47.5% and open space 4.4%.
Where does Realmo's Kokomo market data come from?
Realmo compiles Kokomo, IN figures from 115 active sale listings, 44 active lease listings, 2,618 tracked off-market properties, the current Kokomo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 115 active for-sale and 44 active for-lease listings in Kokomo, IN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 21,540 zoned acres across 27 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
