Side-by-side comparison of Kokomo, IN and Marion, IN — cap rates, rent, prices, and investment metrics.
Cash flow: Marion has the edge with an estimated cap rate of 5.09% compared to Kokomo's 4.55%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $185,000 in Kokomo vs $145,000 in Marion, while rents come in at $1,010/mo and $860/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.
Growth & appreciation: Kokomo is growing faster at 0.9% annually vs Marion's 0.9%. Kokomo leads on home value appreciation at 2.6% per year.
Costs & risk: Property taxes are 0.84% in Kokomo vs 0.84% in Marion. Vacancy rates of 5.5% and 5.5% are both healthy, suggesting strong tenant demand in both markets.
Entry point: Marion offers a lower entry at $145K vs Kokomo's $185K — a difference of $40K. With a 20% down payment, that's $29K vs $37K. Marion combines the lower price with a higher cap rate — a compelling combination.
Bottom line: Marion edges out Kokomo on most key metrics. With a 5.09% cap rate, it offers solid cash flow potential. Use our free calculators to model specific deals in Kokomo or Marion.