The story of this market
The typical home in ZIP 46148 sells for about $228,000, or $125 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $952 a month.
ZIP 46148 — Knightstown
The Knightstown housing market remains stable with modest price appreciation, driven by its appeal as an affordable alternative to the Indianapolis metro area. While inventory is limited, the market is balanced, and buyers are finding value in older, single-family homes. Investors should exercise caution as rental yields are constrained by local income levels.
This ZIP is best suited for budget-conscious family buyers and those seeking a quiet, small-town lifestyle who are willing to commute to larger employment hubs.
Median prices moved up 2.5% year over year.
Homes spend a median of 68 days on market with 5.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.6% · poverty 20.6% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46148, Henry County, IN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Knightstown are generally low and consistent with rural Henry County trends, though property crime remains the primary concern for residents.
Schools serving the area are part of the Charles A. Beard Memorial School Corporation, which provides a small-town educational environment with moderate performance ratings.
The area faces standard Midwestern climate risks, including occasional severe thunderstorms and wind events, with localized flood risks near the Big Blue River.
Economic momentum is driven by proximity to the Indianapolis metro area, with local employment centered on agriculture, manufacturing, and small-scale retail.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Commuting primarily involves driving via US-40 or I-70, providing a direct but lengthy connection to the Indianapolis employment core.
Local amenities include the historic Hoosier Gym, various community parks, and proximity to regional outdoor spaces for fishing and hiking.
The rental market is characterized by limited inventory and steady demand, with investors often facing challenges in achieving high cash flow due to lower local income levels.
The local economy is anchored by small-scale manufacturing and agricultural services, with many residents commuting to the broader Indianapolis metropolitan area for employment.
Transportation is heavily reliant on personal vehicles, with I-70 serving as the primary artery for regional travel.
Development is currently focused on small-scale residential infill and maintenance of existing infrastructure rather than large-scale commercial expansion.
The Henry County Assessor manages property valuations, utilizing annual adjustments to reflect market trends in the county.
Parcels are subject to standard county and school district taxes, with no major MUD or PID districts reported.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in the Midwest.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Famous filming location for the movie 'Hoosiers', serving as a community sports hub.
Central resource for local residents and historical archives.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.