Kokomo Ranked Most Affordable Small City in America

The National Association of Home Builders/Wells Fargo Housing Opportunity Index ranks Kokomo, IN highest on its housing affordability index among small housing markets.

According to the index, 96.3 percent of all new and existing homes sold in Kokomo during the fourth quarter of 2013 were affordable to families earning the median income of $60,100. 

“Kokomo’s employment opportunities and quality-of-life consistently place us at the top in the nation for cities to live,” said Kokomo Mayor Greg Goodnight. “If you work in this region, Kokomo is the best and most affordable place to live and raise a family.”

In Kokomo, the median home price in the fourth quarter of 2013 was $85,000. Nationally, the price was $205,000.  

Sources: https://www.nahb.org/hoi
http://money.cnn.com/gallery/real_estate/2014/02/20/affordable-housing-markets