Knightstown, IN
Population 2,154 · Indiana
About Knightstown, IN
Knightstown is a small town located in Indiana with a population of 2,154 residents according to the latest US Census Bureau American Community Survey data. The median household income is $44,655 per year, which is 41% below the national median of $75,149. The median age of 40.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Knightstown features a median home value of $121,500, which is 50% below the national median of $244,900. This makes Knightstown one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $805, 31% below the national average of $1,163/month. Of the 1,059 total housing units, 63% are owner-occupied (572 units) and 37% are renter-occupied (336 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Knightstown shows an unemployment rate of 7.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 23.7%, above the national average of 12.4%. Workers in Knightstown have an average one-way commute time of 27.8 minutes.
Education & Demographics
13.6% of Knightstown residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.8% White, 1.0% Hispanic or Latino, 0.0% Black or African American, and 0.1% Asian residents, with 0.4% of the population being foreign-born.
Cost of Living in Knightstown, IN
Compared to national averages, Knightstown has a median household income of $44,655 (41% below the national median of $75,149). Home values average $121,500, which is 50% below the national median. Monthly rent at $805 is 31% below the US average of $1,163. Within Indiana, Knightstown's income is 36% below the state average of $69,330, and home values are 26% below the state median of $163,409.
Why Live in Knightstown, IN?
Knightstown offers affordable housing with a median home value of $121,500, below the US average of $244,900, and rent that’s lower than the national average at $805/month.
Potential considerations include median household income ($44,655) that falls below the national average. However, Knightstown’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Knightstown has a population of 2,154 with a median age of 40.1 years. Compare Knightstown with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Knightstown
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Middletown | 2,163 | $55,833 | $98,500 | Compare |
| Petersburg | 2,141 | $48,924 | $94,700 | Compare |
| Fremont | 2,177 | $61,953 | $144,900 | Compare |
| Waterloo | 2,180 | $61,375 | $108,600 | Compare |
| Putnamville | 2,126 | $147,527 | $0 | Compare |
| Orleans | 2,191 | $64,504 | $109,900 | Compare |
| Burns Harbor | 2,198 | $98,333 | $236,700 | Compare |
| New Carlisle | 2,110 | $65,625 | $180,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Knightstown With Other Cities
Frequently Asked Questions about Knightstown
What is the population of Knightstown, IN?
The population of Knightstown, IN is 2,154 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Knightstown?
The median household income in Knightstown, IN is $44,655 per year, which is 41% below the national median of $75,149.
What is the median home value in Knightstown?
The median home value in Knightstown, IN is $121,500, which is 50% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Knightstown?
The median monthly rent in Knightstown, IN is $805, which is 31% below the national average of $1,163/month.
What is the unemployment rate in Knightstown?
The unemployment rate in Knightstown, IN is 7.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Knightstown, IN a good place to live?
Knightstown offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,154 and a median age of 40.1, the city appeals to a broad range of residents.
How educated is Knightstown, IN?
13.6% of residents in Knightstown aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Knightstown?
Key cost-of-living indicators for Knightstown, IN: median home value is $121,500 (50% below national), median rent is $805/month, and median household income is $44,655. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Knightstown?
The poverty rate in Knightstown, IN is 23.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Knightstown, IN?
Knightstown's population is 0.8% White, 1.0% Hispanic or Latino, 0.0% Black or African American, 0.1% Asian, and 0.0% two or more races. 0.4% of residents are foreign-born.