Kokomo, IN - House Price Index (HPI)
Kokomo Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Kokomo, IN single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics and
appreciation rates are provided below.
10
Kokomo Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1146.56
1st Quarter, 2018 Housing Statistics: Kokomo, Indiana


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      88%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Kokomo housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Kokomo is 88%. In other words, when tested against historical
data, the forecasting methodology was correct 88% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Kokomo is 88% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 1st Quarter of 2019 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Kokomo Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      79%

The forecast for the trend in the Kokomo housing market for the 3 years ending
with the 1st Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Kokomo is 79%. In other words, when tested against historical data, the
forecasting methodology was correct 79% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Kokomo is 79% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Kokomo Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Kokomo, Indiana


Historical Home Price Appreciation
Last Quarter                         -1.36%
Last Year                              2.6%
Last 5 Years                         19%
Last 10 Years                       6%
Last 20 Years                       22%
Decline From All Time High   1.65%


Annual Home Price Appreciation Rates
1988      7.53%
1989      3.90%
1990      1.16%
1991      6.71%
1992      4.08%
1993      3.43%
1994      8.29%
1995      8.13%
1996      6.79%
1997      4.82%
1998      3.18%
1999      1.85%
2000      4.56%
2001      2.41%
2002      2.49%
2003      2.09%
2004      2.17%
2005      2.10%
2006      -5.05%
2007      -1.91%
2008      -3.33%
2009      -5.76%
2010      -1.91%
2011      -1.63%
2012      1.11%
2013      3.00%
2014      0.49%
2015      6.60%
2016      0.24%
2017      9.07%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.36%        Rank: 339 of 381 (11th Percentile)
Last Year  . . . . . . . . . . . . . . . .  2.6%           Rank: 315 of 381 (17th Percentile)
Last 5 Years                              19%            Rank: 199 of 381 (47th Percentile)
Last 10 Years  . . . . . . . . . . . .   6%              Rank: 205 of 381 (46th Percentile)
Last 20 Years                            22%            Rank: 377 of 379 (Bottom .50%)
Decline From All Time High        1.65%

The change in home prices for Kokomo, IN are shown above for five time
periods. For example: Kokomo appreciated -1.36% in the Last Quarter. At that
rate, the Kokomo Real Estate Market was ranked 339th out of 381 metropolitan
Real Estate Markets. Kokomo was in the 11th percentile. So Kokomo, IN
performed better in the Last Quarter than 11% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Kokomo, Indiana

The all time high in the Kokomo Home Price Index was 143.8 in the 3rd Quarter,
of 2005. The 1st Quarter, 2018 index value was 141.5. That's a decline of 2.37
points or 1.65% below the Kokomo Home Price Index all time high.  The Home
Price Index indicates that the Kokomo Market is up 6% over the last 10 years.
Home prices in the Kokomo Real Estate Market have gained 2.65% over the
last 12 months. Over the last thirty years, it is up 99%.

The 1st Quarter index value was 1.95 points lower than the 4th Quarter, 2017
index value of 143.40, resulting in a 1.36% decline for the 1st Quarter in the
Kokomo Market.

The Kokomo Home Price Index declined in the last quarter after increasing in
the previous quarter. The current record holders for consecutive declines in the
Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City, IA;
Shreveport, LA and Peoria, IL, with declines in the last 3 consecutive quarters.
The current record holders for consecutive increases in the Home Price Index
are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in the last 27
consecutive quarters.

The highest annual change in the value of houses in the Kokomo Real Estate
Market was 11% in the twelve months ended with the 1st Quarter of 1995. The
worst annual change in home values  in the Kokomo Market was -10% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Kokomo Real Estate Market over a
three year period was 26% in the three years ended with the 1st Quarter of
1997. The worst performance over a three year period in the Kokomo Market
was -13% in the three years ended with the 1st Quarter of 2010.

This page provides a long term graph of the Kokomo Home Price Index (above).
For information about Indiana home values, click Real Estate Market Forecasts
in the navigation bar at the top of this page.  You'll see long term charts and
analysis that will provide tremendous insight into the historical trends of
residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Kokomo Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Kokomo Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Kokomo Real Estate Market and hundreds of
other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
1st Quarter, 2018 Housing Data: Kokomo, Indiana

The trend of Kokomo Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 1st Quarter of 2018, Kokomo Home Prices had a rank of 339, with
appreciation of -1.36%. The top performing real estate market during the 1st
Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during that
period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Kokomo Home Prices had a rank of 315, with
appreciation during the year of 2.65%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Kokomo Home Prices
ranked 199, with a total appreciation of 19.3%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Kokomo Home Prices
had a rank of 205, with appreciation during the decade of 6%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Kokomo Home Prices
had a rank of 377, with total growth over the 20 year period of 22%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the Kokomo Real Estate
Market is available back to the 2nd Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for Kokomo. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Sunday, July 8, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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