Commercial Real Estate Market in Knightstown, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 199 off-market properties in Knightstown, IN. Commercial property asks $527/SF to buy and $7.07/SF/Yr to lease.
Market Trends
Knightstown, IN spans 51.1 square miles in Henry County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Knightstown, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Knightstown, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Knightstown, IN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Knightstown, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 49.1%
- Agricultural 37.3%
- Civic 6.6%
- Mixed use 4.4%
- Industrial 2.6%
Largest Zones share of zoned land by district
Agricultural
Residential Heritage
Residential Low Density
Commercial Highway
Commercial Heritage Mixed Use
Residential Heritage (R3)
R3 Residential; Heritage This district is established for the existing older neighborhoods in Knightstown. M1 Residential; Multi-Family Low Density This district is established for small to moder ate sized multi -family apartments, duplexes, condominiums, and/or similar units. M2 Residential; Multi-Family Medium Density This district is established for mediu…
Market overview
Demographics & Economy
Knightstown, IN has 4,859 residents in 2,137 households. Density runs 95 people per square mile. Median household income here is $62,951 and median gross rent $849 a month.
4,859
Population
2,137
Households
2.3
Avg Household Size
44
Median Age
22%
College-Educated
95%
High-School Grad
51.1 sq mi
ZIP Area
95
Density / Sq Mi
$62,951
Median Household Income
$44,236
Median Earnings
$849
Median Rent
$180,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Raysville | — | — |
| Ogden | — | — |
| Charlottesville | — | — |
| Carthage | — | — |
Commercial property in Knightstown, IN asks $527/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Knightstown?
Commercial property in Knightstown, IN asks an average of $527 per square foot.
How much does it cost to lease commercial space in Knightstown?
Asking lease rates in Knightstown, IN average $7.07 per square foot per year.
Where does Realmo's Knightstown market data come from?
Realmo compiles Knightstown, IN figures from 10 active sale listings, 3 active lease listings, 199 tracked off-market properties, the current Knightstown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 3 active for-lease listings in Knightstown, IN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 656 zoned acres across 10 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
