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Howard County, IN

RANK #342 / 996  ·  POP 83,452  ·  IN

PROJECTED GROWTH: +1.4%

Howard County combines solid growth with real affordability — a rare combination.

[01] Why Howard County?

Howard County, Indiana, is known for its automotive heritage and as the "City of Firsts," with Kokomo, its largest city, being the birthplace of America's first commercially built car. Located in north-central Indiana, about 50 miles north of Indianapolis, the county offers a suburban feel with a strong sense of community. Commuting within Kokomo is generally manageable by car, and a free public trolley system provides access to many key areas. The county also features parks like Highland Park, home to "Old Ben," the world's largest steer, and trails along Wildcat Creek for outdoor recreation.

Life in Howard County is characterized by an affordable cost of living, which is below the national average, particularly for housing. The public schools in Kokomo are considered above average, with several school corporations serving the county, including Kokomo School Corporation, Eastern Howard School Corporation in Greentown, and Western School Corporation in Russiaville. The economy, historically tied to manufacturing, is experiencing growth driven by investments in advanced manufacturing and the energy sector. This has contributed to an increase in average weekly wages and a growing labor force.

[02] Market Snapshot

Housing Ratio
2.4x

Undervalued relative to economy

GDP Growth
-1.4%

Contracting economy

Home Prices
+5.8%

Outpacing national median

Climate & Terrain
-3.6

Harsh climate or flat terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 2.4x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Howard County U.S. National

The Numbers

DEMOGRAPHICS
Population
83,452
+0.12% YoY
Median Household Income
$62,014
Median Home Value
$143,100
+5.8% 12mo
Median Rent
$855
Average Annual Pay
$62,420
+6.2% YoY
Employment
35,758
+2.1% YoY
Income-to-Home-Value
0.4334
More affordable than average
Migration Inflow
3.24%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$170,750
Days on Market
71
Slower market
Months of Supply
2.9
Seller's market
Sale-to-List Ratio
96.6%
Negotiation room for buyers
Sold Above List
16.2%
Listings w/ Price Drops
23.9%
Building Permits (2024)
194
Single-Family Permits
182

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$6,670M
TOTAL
PROJECT AMOUNT STATUS
StarPlus Energy Gigafactory (Phase 2)
Stellantis & Samsung SDI
$3,200M Planned
StarPlus Energy Gigafactory (Phase 1)
Stellantis & Samsung SDI
$2,500M Under Construction
Pumpkinvine Battery Energy Storage System
Spearmint Energy
$400M Proposed
Stellantis Transmission Plant Conversion (Electric Drive Modules)
Stellantis
$250M Under Construction
Emerald Green Solar Farm
Engie
$200M Proposed
Locomotive Solar
Ranger Power
$120M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth -1.4% 3 percentile
Population Growth +0.1% 35 percentile
Income Growth +4.7% 3 percentile
Vacancy Rate 2.2% 6 percentile
Home Price Change +5.8% 94 percentile
Rent Growth -1.6% 3 percentile
Price/Rent 12x 70 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Howard County, IN a good place to move to?

Howard County has a Boom Town Index score of 66/100, ranking #342 among 996 U.S. counties. With job growth at +2.1% and a median household income of $62,014, it's an above-average county on economic indicators.

Is Howard County affordable?

The median home value in Howard County is $143,100 with median rent at $855/month. The income-to-home-value ratio is 0.4334, which is more affordable than the national average.

Is Howard County growing or shrinking?

Population growth: +0.1% year-over-year. Job growth: +2.1%. Home values changed +5.8% in the past 12 months.

Are people moving to Howard County?

Yes — 3.24% of Howard County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Monroe County, NY 76 Rock Island County, IL 76 Orange County, NY 76 Athens County, OH 76 Atlantic County, NJ 76 Roanoke County, VA 76 Cook County, IL 76 Grand Traverse County, MI 76