Terre Haute, IN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Terre Haute, IN Housing Market Trends

With a population of 60,622, 23,249 total housing units (homes and apartments), and a median house value of $99,409, 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 67.47% of the city's housing units. Other types of housing that are prevalent in Terre Haute include large apartment complexes or high rise apartments ( 15.63%), duplexes, homes converted to apartments or other small apartment buildings ( 13.67%), and a few row houses and other attached homes ( 2.19%).

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 ( 33.08%), making the housing stock in Terre Haute some of the oldest overall in America, although there is a range of ages of homes in Terre Haute. The next most important housing age is between 1940-1969 ( 28.93%), followed by between 1970-1999 ( 25.55%). There's also some housing in Terre Haute built between 2000 and later ( 12.44%).

Vacant housing appears to be an issue in Terre Haute. Fully 12.40% 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's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.01% 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 10.84%, which is higher than appreciation rates in 74.75% 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 1.94%, which equates to an annual appreciation rate of 8.00%.

Notably, Terre Haute's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Terre Haute's latest annual appreciation rate is higher than 80% 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 2000, to assist you in making the best Terre Haute real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$99,409

Terre Haute, IN HOME PRICES

> $1,215,000
0.1%
0.1%
$911,001 - $1,215,000
0.1%
0.1%
$608,001 - $911,000
1.4%
1.4%
$486,001 - $608,000
0.5%
0.5%
$365,001 - $486,000
1.6%
1.6%
$243,001 - $365,000
4.1%
4.1%
$121,001 - $243,000
25.5%
25.5%
$61,001 - $121,000
46.1%
46.1%
$0 - $61,000
20.6%
20.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for IN

Value Relative To Nation

Number Of Homes And Apartments:
23,249

Terre Haute Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
40.95% 1.61%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,039 / per month

Homeownership Rate

Owners
46.1%
46.1%
Renters
53.9%
53.9%
Vacant
12.4%
12.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.4%
12.4%
1970 - 1999
25.6%
25.6%
1940 - 1969
28.9%
28.9%
1939 or Older
33.1%
33.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.5%
67.5%
Townhomes
2.2%
2.2%
Small Apt. Buildings
13.7%
13.7%
Apt. Complexes
15.6%
15.6%
Mobile Homes
1.0%
1.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.1%
4.1%
1 Bedroom
16.7%
16.7%
2 Bedrooms
39.2%
39.2%
3 Bedrooms
28.8%
28.8%
4 Bedrooms
9.3%
9.3%
5 or more bedrooms
1.9%
1.9%
0.0% 100.0%
% OF HOMES