The typical owner-occupied home in Knightstown is worth about $130,000, 40% below the Indiana median of $218,200 and 61% below the national median of $332,700. Owners pay a median $920 a year in property taxes, about 0.71% of their home's value, close to the Indiana rate of 0.74%. The median household earns $49,792 a year, so the median home costs 2.6 times the median income (3.0 times for Indiana). 66% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Knightstown at a glance
| Knightstown | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $130,000 | $218,200 | $332,700 |
| Median property tax paid per year | $920 | $1,614 | $3,119 |
| Property tax as a share of value | 0.71% | 0.74% | 0.94% |
| Median household income | $49,792 | $71,957 | $80,734 |
| Homes lived in by their owners | 66% | 71% | 65% |
| Owner homes with a mortgage | 71% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,088 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 18.6% | 18.1% | 21.0% |
| Median rent | $930 | $1,062 | $1,413 |
| Rent as a share of renters' income | 37.3% | 29.1% | 30.6% |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 10.4% | 8.8% | 10.1% |
| Population | 2,241 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Knightstown
At this week's average 30-year rate of 7.11%, buying the median Knightstown home of $130,000 with 20% down costs about $831 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,047, 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 $35,601 for the 20%-down payment. That payment is 20% of the median Knightstown household income of $49,792; at that income and 20% down, the 28% guideline points to a home of about $182,000.
The median rent here is $930 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $26,000 |
|---|---|
| Loan amount | $104,000 |
| Principal and interest | $700 |
| Property taxes (0.71% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| PMI | $0 |
| Total per month | $831 |
Change the numbers in the calculator
| Down payment | $4,550 |
|---|---|
| Loan amount | $127,645 |
| Principal and interest | $859 |
| Property taxes (0.71% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| FHA mortgage insurance | $58 |
| Total per month | $1,047 |
Change the numbers in the calculator
Questions about home buying in Knightstown
What is the median home value in Knightstown?
About $130,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Knightstown?
Homeowners pay a median $920 a year, which is about 0.71% 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 Knightstown?
For the median home with 20% down at 7.11%, the payment is about $831 a month. Keeping that under 28% of gross income takes about $35,601 a year.
More about Knightstown
- Mortgage Refinance in Knightstown
- Debt Relief in Knightstown
- Home Equity Loans in Knightstown
- 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