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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 60,825 people, 22,261 houses or apartments, and a median cost of homes of $75,567, 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 66.87% of the city's housing units. Other types of housing that are prevalent in Terre Haute include large apartment complexes or high rise apartments ( 18.00%), duplexes, homes converted to apartments or other small apartment buildings ( 10.81%), and a few row houses and other attached homes ( 2.59%).
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 ( 40.50%), 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 ( 26.88%), followed by between 1970-1999 ( 22.23%). There's also some housing in Terre Haute built between 2000 and later ( 10.39%).
Vacant housing appears to be an issue in Terre Haute. Fully 14.13% 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.
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 -0.08% during the period.
NeighborhoodScout's data show that during the latest twelve months, Terre Haute's appreciation rate, at 5.10%, has been at or slightly above the national average. In the latest quarter, Terre Haute's appreciation rate has been -1.71%, which annualizes to a rate of -6.65%.
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 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 2000, to assist you in making the best Terre Haute real estate investment or home purchase decisions.
|$786,001 - $1,048,000||0.2|
|$524,001 - $786,000||1.3|
|$419,001 - $524,000||0.4|
|$314,001 - $419,000||1.5|
|$210,001 - $314,000||3.2|
|$105,001 - $210,000||20.4|
|$52,001 - $105,000||46.6|
|$0 - $52,000||26.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Terre Haute HOMES|
|2000 or Newer||10.4|
|1970 - 1999||22.2|
|1940 - 1969||26.9|
|1939 or Older||40.5|
|TYPE OF Terre Haute HOMES|
|Small Apt. Buildings||10.8|
|SIZE OF Terre Haute HOMES|
|5 or more bedrooms||1.91|