Kokomo Tribune; Kokomo, Indiana

Local News

March 20, 2014

Kokomo tops list of most affordable small cities

Study highlights housing affordability index among small housing markets.

A study recently named Kokomo the most affordable small city in America, based on housing prices and income.

The National Association of Home Builders/Wells Fargo Housing Opportunity Index ranked Kokomo highest on its housing affordability index among small housing markets. The ranking has since been featured online on CNN Money and The Huffington Post.

Kokomo Mayor Greg Goodnight said the city has long carried the distinction of having affordable housing.

“We’ve been on that list, on and off, for the last decade or two,” he said. “When you look at the quality of the cities that we were recognized along with — Davenport, Iowa, Bay City, Mich., Lima, Ohio — these are all nice mid-sized American cities. The fact that we’re at the top of that list says a lot about our city.

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

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.

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

Goodnight said affordability will remain part of the city’s mission in providing housing across all demographics.

“You want options for every income level,” he said. “You want young people just getting started in their careers and you want them to be able to afford to live here. You also have people in the middle part of their lives and those that are recently retired, and you want to make sure they can afford to live in the community, too.

“You want a lot of options,” he added. “We have as much quality housing stock as any city our size. We also need other options, too, like condos, apartments and town houses.”

The list also included Mansfield, Ohio, Fairbanks, Alaska, Vineland, N.J., and Davenport, Iowa.

Martin Slagter can be reached at 765-454-8570, martin.slagter@kokomotribune.com or on Twitter @slagterm.

1
Text Only | Photo Reprints
Local News
  • Waterford Place looks to 11 senior living duplexes to campus More senior living options could be on the way in Kokomo.Waterford Place Health Campus, located in the 800 block of St. Joseph Drive, is looking to expand with 11 new senior duplexes after receiving approval from the Kokomo Plan Commission’s plat com

    August 1, 2014

  • Trial dates moved in Wagoner clinic drug case Trial dates for seven of the eight people charged in the Wagoner Clinic prescription drug case have been moved to Oct. 3.Several of the suspects – including Marilyn Wagoner, the wife of Donald Wagoner, the former head of the clinics – were set to sta

    August 1, 2014

  • NWS - Summer Fest 02 Russiaville Summer Fest starts Friday RUSSIAVILLE — You think you can knock a baseball out of the park? There's a contest for that. If you love to sing, there's an activity for that. If you're afraid to sing but know the words to your favorite song, there's an activity for that, too. The

    July 31, 2014 2 Photos

  • July 2014 has been the coldest on record Veteran Indiana residents are familiar with the old adage as it pertains to weather: "Hang out, it's sure to change." And, change it has. Just 24 months removed from the hottest July on record in 2012, the National Weather Service announced late Thur

    July 31, 2014

  • One injured in motorcycle crash A 50-year-old man suffered chest injuries when he crashed his motorcycle at Washington and Lafountain streets Wednesday afternoon. A Kokomo Police Department accident report stated Tommie Barger of Kokomo was driving a 1983 Honda 1100 south on Lafoun

    July 31, 2014

  • BMV offering driver tests in 11 languages INDIANAPOLIS (AP) — The Indiana Bureau of Motor Vehicles is now offering drivers tests in 11 languages other than English that are spoken across Indiana. BMV Commissioner Don Snemis said Wednesday the decision was made at the urging of businesses, un

    July 31, 2014

  • Tionna Brown 02 Kokomo celebrates Tionna Brown's gold medal victories Little boys with pretend gold medals around their necks fought Wednesday to get their pictures taken with a pint-sized superstar who had won three real gold medals for herself. Twelve-year-old Tionna Brown just returned from Texas after competing in

    July 31, 2014 2 Photos

  • KFD Rescue 2 Staffing changes leave Kokomo Fire Department with one rescue truck

    A shift in how the Kokomo Fire Department is staffed and responds to calls has some firefighters worried they will not have access to all the equipment they need. City officials, however, maintain there will be no change in the quality of service pro

    July 30, 2014 2 Photos

  • Kokomo Police officers reach out to public Tuesday Kokomo police will be out in full force Tuesday in area neighborhoods. In addition to their regular patrols, officers will be out getting to know residents and the issues they may have as part of National Night Out, a crime prevention event. National

    July 30, 2014

  • Feds cite Indiana Medicaid fraud unit over notices INDIANAPOLIS (AP) — A federal agency found that the Indiana attorney general's office didn't give proper notice in nearly a quarter of the Medicaid fraud cases it helped prosecute in recent years. A report from the Department of Health and Human Serv

    July 30, 2014

Latest news
Featured Ads
Only on our website
AP Video
Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction Malaysian PM: Stop Fighting in Ukraine Cantor Warns of Instability, Terror in Farewell Ravens' Ray Rice: 'I Made a Huge Mistake' Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Obituaries