Market Overview
Home Prices in Knightstown, IN
The median home value in Knightstown, IN is $231,445 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.5% compared to a year ago and up 5.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Knightstown are priced44% below average. Knightstown is part of the New Castle, IN metro area.
Over the past five years, Knightstown home values have risen by approximately33.4%, reflecting strong long-term appreciation in this market.
Price History
Knightstown Home Price Trend
City Comparison
Knightstown vs. National Median
At $231,445, homes in Knightstown cost 44% below the national median of $410,000. This makes Knightstown a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Knightstown?
20% Down Payment
$46,289
on $231,445
Monthly P&I
$1,207/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,533/mo
incl. taxes & insurance
Income Needed
$61,320
gross annual (30% rule)
10% Down Option
$23,145
+ PMI applies
Loan Amount (20% dn)
$185,156
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Knightstown, IN?
The median home value in Knightstown is $231,445 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.5% year-over-year.
How much have home prices changed in Knightstown?
Over the past year, home values in Knightstown have increased by 2.5%. Over five years, prices have risen approximately 33.4%.
How much do I need to earn to buy a home in Knightstown?
To comfortably afford the median home price of $231,445 with a 20% down payment ($46,289) at today's rates (6.8%), you'd need a gross annual income of approximately $61,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Knightstown compare to the national average home price?
The national median home value is approximately $410,000. At $231,445, homes in Knightstown are 44% below the national average.
What metro area is Knightstown part of?
Knightstown is part of the New Castle, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.