Terre Haute appreciation rates and housing market information

Terre Haute housing market information

With 59,563 people, 25,604 houses or apartments, and a median cost of homes of $89,326, house prices in Terre Haute are some of the most affordable in Indiana as well as the nation.

single-family detached homes are the single most common housing type in Terre Haute, accounting for 69.32% of the city's housing units. Other types of housing that are prevalent in Terre Haute include large apartment complexes or high rise apartments (14.49%), duplexes, homes converted to apartments, or other small apartment buildings (13.16%), row houses and other attached homes (1.87%), and a few mobile homes or trailers (1.16%).

People in Terre Haute primarily live in small (one, two, or no bedroom) single-family detached homes. Terre Haute has a mixture of owner-occupied and renter-occupied housing.

The housing in Terre Haute was primarily built before 1939 (42.67%), making the housing stock in Terre Haute some of the older overall in America, although there is a range of ages of homes in Terre Haute. The next most important Terre Haute housing age is 1940-1969 (35.35%), followed by 1970-1994 (17.09%). There's also some housing in Terre Haute built between 1995 and later (4.89%).

Vacant housing appears to be an issue in Terre Haute. Fully 10.75% of the housing stock is classified as vacant. Left unchecked, vacant Terre Haute homes and apartments can be a drag on the real estate market, holding Terre Haute real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Terre Haute home appreciation rates

Real estate appreciation rates in Terre Haute have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.54% during the period.

Appreciation rates are so strong in Terre Haute that despite a nationwide downturn in the housing market, Terre Haute real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Terre Haute appreciation rates continue to be some of the highest in America, at 3.87%, which is higher than appreciation rates in 83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Terre Haute. Terre Haute appreciation rates in the latest quarter were at 3.37%, which equates to an annual appreciation rate of 13.48%.

Importantly, this makes Terre Haute one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Indiana, our data show that Terre Haute's latest annual appreciation rate is higher than 70% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Terre Haute differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Terre Haute - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Terre Haute real estate investment or home purchase decisions.