Kokomo, IN
Kokomo, IN landlord and rental property insurance
Local rental data and insurance guidance for Kokomo property owners. A quote is not a binder.
Kokomo is home to roughly 60,093 people in Howard County, and about 37% of its 26,241 occupied homes are rented rather than owner-occupied, above the Indiana rate of 29%. That mix shapes who is buying landlord coverage here and what underwriters expect to see.
Key housing figures for Kokomo, IN
| Measure | Kokomo | Indiana |
|---|---|---|
| Renter-occupied homes | 37% (9,699) | 29% |
| Median owner-occupied home value | $137,400 | $218,200 |
| Median gross rent | $939/mo | $1,062/mo |
| Median year structure built | 1967 | 1976 |
| Homes in 2–4 unit buildings | 8% | 6% |
| Single-family homes (detached or attached) | 74% | 77% |
Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (tables B25003, B25077, B25064, B25035, B25024), retrieved via Census Reporter; population from U.S. Census Bureau, Vintage 2024 population estimates.
Setting coverage on a Kokomo rental
The median owner-occupied home in Kokomo is valued at about $137,400, lower than the Indiana median of $218,200. Market value includes land, so it is only a starting point: your dwelling limit should reflect what it would cost to rebuild the structure.
NAIC data for 2023 shows an average Indiana dwelling-fire premium of $614 in the Under $150,000 coverage band, which brackets Kokomo's median value; across all coverage amounts the state average was $753. Treat it as background, since landlord pricing depends on the building and occupancy.
Protecting rental income in Kokomo
Rents in Kokomo center on about $939 monthly, including utilities where tenants pay them. Many owners plan for a year offline after a serious loss, which works out near $11,268 per unit at the median.
Older vs. newer rentals in Kokomo
A median build year of 1967 puts much of Kokomo's rental stock in the 1960s–70s range. Some homes from that period used aluminum branch wiring or now-obsolete panels, so disclose upgrades clearly.
Types of rental property in Kokomo
About 74% of homes in Kokomo are single-family, so most local landlords insure one house at a time. A DP-3 form with liability and loss of rents is the usual starting point; our rental property insurance page explains the parts.
Comparing Kokomo to neighboring cities
Indianapolis has a renter share of 44% with homes valued around $224,800 at the median. In Fort Wayne, 38% of occupied homes are rented and the median value is $188,900. For comparison, Evansville comes in at 45% rented and $143,100 median value, with median rent of $975. Kokomo places 18 of 25 profiled Indiana cities by share of rented homes. Buildings with five or more units hold about 15% of Kokomo's homes; those generally need commercial apartment coverage rather than dwelling forms.
Kokomo weather exposures that affect landlord claims
In Kokomo, think about frozen pipes in cold winters first, then basement water and sewer backup, usually excluded unless added. Both appear frequently in Indiana property claims and can change which policy form and deductible make sense.
Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.
What to have ready for a Kokomo quote
- Mortgage company details, if financed
- Desired liability limit and loss-of-rents amount
- The Kokomo address and how many units it has
- Year built and roof age
- Occupancy: long-term lease, month-to-month, short-term, or vacant
- Dates of wiring, plumbing, and HVAC upgrades
- Current insurer and any losses in five years
Request a Kokomo landlord quote
Questions from Kokomo rental owners
How many renters live in Kokomo?
About 37% of occupied homes in Kokomo, roughly 9,699 households, are renter-occupied according to the 2020–2024 American Community Survey.
Do Kokomo landlords have to carry insurance?
Not by statute. In practice, a Kokomo rental with a mortgage will need property coverage, and associations or managers often insist on liability limits.
What is a typical landlord premium in Kokomo?
It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 Indiana dwelling-fire average of $753; see our Indiana page for the full table.
More landlord pages near Kokomo
Landlord insurance in Indiana · Cost by state
Last updated October 15, 2026. Sources and method: how we research.