Real Estate Investing in Knightsville, Indiana (47857)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47857 (Knightsville, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.1% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Knightsville, IN (47857)?
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Market Analysis: 47857 Knightsville
ZIP 47857 in Knightsville, IN carries a sturdy set of headwinds. Home values near $130K and rents of $864/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 47857 can be a an appealing option for hunting ground — but the discount at $130K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Knightsville have seen price recovery that 47857 has not matched. Clay County data supports the view that the spread is structural rather than temporary.
Resident income in 47857 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. notable returns are possible in 47857, 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 Knightsville:
Market Trends
Home Value History (with trend line)
📊 How Does 47857 Compare?
| Metric | 47857 | Knightsville | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $130,305 | $130,305 | N/A | $248,442 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 5.2% | 5.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47857 (Knightsville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $130,305 |
| Monthly Rent | $864 |
| Price-to-Rent | 12.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +0.0% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (5.2%). 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 47857
Population: 321
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 47857
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
North Clay Middle School
East Side Elementary School
Forest Park Elementary School
Northview High School
Van Buren Elementary School
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Where do rents currently stand in Knightsville, IN?
Investors in Knightsville, IN typically see rents near $864/mo per month against $130K home values - a solid setup for rental cash flow.
Is Knightsville, IN a good market for FHA house hackers?
Knightsville, IN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $864/mo rent level.
What price range are homes in Knightsville, IN?
The median home value in Knightsville, IN is roughly $130K. That puts it reasonable relative to the IN statewide average.
How strict are landlord regulations in Knightsville, IN?
Knightsville, IN operates under IN law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
Is the tenant base reliable in Knightsville, IN?
Tenant demand in Knightsville, IN is solid. The local workforce $864/mo rents across most rental classes.
You know 47857 now. You don’t know where it ranks.
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How 47857 ranks in Terre Haute, IN
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