Knightstown, IN housing market
The typical Knightstown home is worth about $230,000, up 1.6% in a year, 12% below the Indiana typical home. Homes typically sell in 8 days, a little above asking.
Home values, sales, trends and how Knightstown compares with the towns next door — updated as new data is published.
Knightstown at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Knightstown | Indiana |
|---|---|---|
| 2017 | $117,000 | $135,000 |
| 2018 | $124,000 | $144,000 |
| 2019 | $130,000 | $154,000 |
| 2020 | $140,000 | $164,000 |
| 2021 | $158,000 | $183,000 |
| 2022 | $184,000 | $209,000 |
| 2023 | $196,000 | $227,000 |
| 2024 | $206,000 | $237,000 |
| 2025 | $219,000 | $249,000 |
| 2026 | $230,000 | $256,000 |
| August 2026 | $230,000 | $260,000 |
4 new homes permitted in 2025
Builders were permitted 4 new homes in Knightstown in 2025, all in buildings with two or more homes, worth about $1 million to build. That's 1.8 per 1,000 residents, slower than across Indiana (6). Over the past 10 years, Knightstown has permitted 61 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Knightstown's population fell by 42 even though 47 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Indiana: 1.7 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 4 | 0 | 4 | $1 million |
| 2025 | 4 | 0 | 4 | $1 million |
| 2024 | 6 | 2 | 4 | $1.4 million |
| 2023 | 1 | 1 | 0 | $150,000 |
| 2022 | 3 | 1 | 2 | $650,000 |
| 2021 | 10 | 2 | 8 | $2.4 million |
| 2020 | 1 | 1 | 0 | $200,000 |
| 2019 | 1 | 1 | 0 | $180,000 |
| 2018 | 27 | 3 | 24 | $2.3 million |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 8 | 0 | 8 | $400,000 |
| 2015 | 8 | 0 | 8 | $400,000 |
| 2014 | 1 | 1 | 0 | $50,000 |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 2 | 2 | 0 | $300,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 1 | 1 | 0 | $150,000 |
| 2006 | 1 | 1 | 0 | $150,000 |
| 2005 | 2 | 2 | 0 | $290,000 |
| 2004 | 5 | 5 | 0 | $765,000 |
| 2003 | 4 | 4 | 0 | $520,000 |
| 2002 | 5 | 5 | 0 | $670,000 |
| 2001 | 5 | 5 | 0 | $670,000 |
| 2000 | 2 | 2 | 0 | $170,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
4.6 years of income
The typical Knightstown home costs about 4.6 years of the town's median household income, more than across Indiana (3.6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,100
HUD's Fair Market Rent for a two-bedroom in Knightstown is $1,100 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Knightstown pay a median of $930, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
Studio $810 · 4 bedrooms $1,730
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (46148; Indianapolis-Carmel, IN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Knightstown
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.