The typical owner-occupied home in Knightsville is worth about $109,800, 50% below the Indiana median of $218,200 and 67% below the national median of $332,700. Owners pay a median $465 a year in property taxes, about 0.42% of their home's value, lower than the Indiana rate of 0.74%. The median household earns $60,208 a year, so the median home costs 1.8 times the median income (3.0 times for Indiana). 86% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Knightsville at a glance
| Knightsville | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $109,800 | $218,200 | $332,700 |
| Median property tax paid per year | $465 | $1,614 | $3,119 |
| Property tax as a share of value | 0.42% | 0.74% | 0.94% |
| Median household income | $60,208 | $71,957 | $80,734 |
| Homes lived in by their owners | 86% | 71% | 65% |
| Owner homes with a mortgage | 51% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,115 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 18.2% | 18.1% | 21.0% |
| Median rent | $817 | $1,062 | $1,413 |
| Rent as a share of renters' income | 25.8% | 29.1% | 30.6% |
| Median year homes were built | 1966 | 1976 | 1980 |
| Vacant homes | 14.1% | 8.8% | 10.1% |
| Population | 642 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Knightsville
At this week's average 30-year rate of 7.11%, buying the median Knightsville home of $109,800 with 20% down costs about $675 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $858, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $28,932 for the 20%-down payment. That payment is 13% of the median Knightsville household income of $60,208; at that income and 20% down, the 28% guideline points to a home of about $228,000.
The median rent here is $817 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,960 |
|---|---|
| Loan amount | $87,840 |
| Principal and interest | $591 |
| Property taxes (0.42% a year) | $38 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $675 |
Change the numbers in the calculator
| Down payment | $3,843 |
|---|---|
| Loan amount | $107,811 |
| Principal and interest | $725 |
| Property taxes (0.42% a year) | $38 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $858 |
Change the numbers in the calculator
Questions about home buying in Knightsville
What is the median home value in Knightsville?
About $109,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Knightsville?
Homeowners pay a median $465 a year, which is about 0.42% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Knightsville?
For the median home with 20% down at 7.11%, the payment is about $675 a month. Keeping that under 28% of gross income takes about $28,932 a year.
More about Knightsville
- Mortgage Refinance in Knightsville
- Debt Relief in Knightsville
- Home Equity Loans in Knightsville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data