Real Estate Investing in Knightstown, Indiana (46148)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 46148 (Knightstown, IN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.8% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Knightstown, IN (46148)?
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Market Analysis: 46148 Knightstown
The 46148 ZIP covers a section of Knightstown that demands careful diligence. Prices near $226K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $226K asset, 46148 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 46148 and stronger Knightstown ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 46148 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. solid returns are possible in 46148, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Knightstown:
Property Strategy for 46148
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $152,945 | $1,100 | 5.2% | +10.0% | $76,473 |
| 3BR | $240,499 | $1,440 | 4.3% | +9.2% | $80,166 |
| 4BR | $266,422 | $1,730 | 4.7% | +8.6% | $66,606 |
Market Trends
Home Value History (with trend line)
📊 How Does 46148 Compare?
| Metric | 46148 | Knightstown | New Castle, IN | Indiana |
|---|---|---|---|---|
| Home Value | $225,829 | $225,829 | N/A | $248,442 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 7.7% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 46148 (Knightstown, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $225,829 |
| Monthly Rent | $990 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 46148
Population: 4,948
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 46148
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What is the investability score for Knightstown, IN?
Knightstown, IN comes in at an investability rating of 3.0/5, with median home values near $226K and average rents around $990/mo. That combination puts it in the healthy tier for investor interest.
What are rental rates like in Knightstown, IN?
Average rent in Knightstown, IN is approximately $990/mo per month. Against $226K home values that yields a reasonable rent-to-price ratio.
Are there empty rentals in Knightstown, IN?
Vacancy in Knightstown, IN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $990/mo.
Where do home prices stand in Knightstown, IN?
Knightstown, IN median home values land near $226K. That is reasonable territory for investors looking at $990/mo-per-month rentals.
What is the tenant pool like in Knightstown, IN?
Expect a solid tenant pool in Knightstown, IN. The rental market absorbs $990/mo rents without meaningful friction.
You know 46148 now. You don’t know where it ranks.
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How 46148 ranks in New Castle, IN
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