Goodin Development Opened New Kokomo Apartment Complex

The 114-unit mixed-use development at Hoffer and Elizabeth streets aims to address the citys recent population growth.

Updated on Oct. 12, 2026 in Apartments

Goodin Development Opened New Kokomo Apartment Complex

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Goodin Development has officially opened a $26 million mixed-use apartment complex in Kokomo. The new site features 114 residential units and 3,000 square feet of commercial space.

Why it matters

The development was created to expand the city housing supply after Kokomo experienced significant population growth from 45,000 to 60,000 residents between 2010 and 2025. It also provides housing support for the area as new businesses and jobs drive demand.

The new complex offers 114 apartments with monthly rents ranging from $1,179 to $1,895. Amenities for residents include a fitness area, pet spa, game room, and co-working space.

The players

Goodin Development

The private development firm responsible for constructing the new apartment complex in Kokomo.

Kokomo Common Council

The local governing body that approved forgivable loans and tax increment financing bonds to facilitate the project.

The details

Located at the corner of Hoffer and Elizabeth streets, the project was supported by a nearly $3 million forgivable loan and up to $4.2 million in tax increment financing bonds approved by the Kokomo Common Council in 2024. The developer is currently seeking small businesses or light office users for the site commercial space.

The population of Kokomo grew by 33 percent between 2010 and 2025.
The Kokomo Common Council approved financial support for the project in 2024.
Construction on the development began in 2025.
The Elwood mixed-use development opened in October 2026.

Culture Shift

This project reflects a broader move toward densification in growing mid-sized cities that previously relied on lower-density housing. It follows the pattern set by the 33 percent population increase in Kokomo between 2010 and 2025, which mandated a shift in urban planning to accommodate the influx of new residents.

Residents can now consider new rental options with modern amenities like pet spas and co-working rooms located near the city center. Those looking for commercial space may also find new opportunities for small businesses within the complex.

The takeaway

The addition of 114 units helps mitigate the housing shortage driven by the rapid growth of the local population. Prospective renters should compare the monthly rates of $1,179 to $1,895 against existing local averages to determine if these new amenities align with their housing budget.