Commercial Real Estate Market in Kokomo, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
128 active listings and 2,615 off-market properties in Kokomo, IN. Commercial property asks $85/SF to buy and $14.50/SF/Yr to lease (based on 6 listings).
Market Trends
Kokomo, IN spans 191.6 square miles in Howard County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Kokomo, IN has a median asking sale price of $146/SF. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Kokomo, IN has a median asking sale price of $79/SF. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Kokomo, IN has a median asking sale price of $54/SF. Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily space in Kokomo, IN has a median asking sale price of $82/SF. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Kokomo?
How much does it cost to lease commercial space in Kokomo?
What zoning applies to commercial property in Kokomo?
Where does Realmo's Kokomo market data come from?
Methodology & data sources
- Asking prices and medians
- There are 77 active for-sale and 51 active for-lease listings in Kokomo, IN. The medians are based on 46 of the for-sale and 6 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
