Terre Haute, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Terre Haute, IN Real Estate Data


Terre Haute Housing Market Information

With 60,825 people, 21,812 houses or apartments, and a median cost of homes of $87,931, 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 69.44% of the city's housing units. Other types of housing that are prevalent in Terre Haute include large apartment complexes or high rise apartments ( 17.58%), duplexes, homes converted to apartments or other small apartment buildings ( 9.06%), and a few row houses and other attached homes ( 2.28%).

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 ( 42.54%), 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 ( 27.06%), followed by between 1970-1999 ( 21.37%). There's also some housing in Terre Haute built between 2000 and later ( 9.03%).

Vacant housing appears to be an issue in Terre Haute. Fully 15.26% 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 -0.03% during the period.

Over the last year, Terre Haute appreciation rates have trailed the rest of the nation. In the last twelve months, Terre Haute's appreciation rate has been 2.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Terre Haute were at 2.52%, which equates to an annual appreciation rate of 10.46%.

Relative to Indiana, our data show that Terre Haute's latest annual appreciation rate is lower than 90% 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:
$87,931

Terre Haute, IN HOME PRICES

Value Range
> $1,098,000 0.1
$823,001 - $1,098,000 0.2
$549,001 - $823,000 0.9
$439,001 - $549,000 0.5
$329,001 - $439,000 2.0
$220,001 - $329,000 3.1
$110,001 - $220,000 20.7
$55,001 - $110,000 46.3
$0 - $55,000 26.3

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
86.6369971306436 90.9502262443439

Number Of Homes And Apartments:
21,812

Rent & Ownership

 

Average Market Rent:
$751 / per month

Homeownership Rate

Homeownership
Owners 46.01
Renters 53.99
Vacant 15.26

Housing Market Details

 

Age of Homes

AGE OF Terre Haute HOMES
2000 or Newer 9.0
1970 - 1999 21.4
1940 - 1969 27.1
1939 or Older 42.5

Types of Homes

TYPE OF Terre Haute HOMES
Single-Family 69.4
Townhomes 2.3
Small Apt. Buildings 9.1
Apt. Complexes 17.6
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Terre Haute HOMES
No Bedroom 2.40
1 Bedroom 17.02
2 Bedrooms 37.34
3 Bedrooms 30.65
4 Bedrooms 10.32
5 or more bedrooms 2.26

Terre Haute Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
13.27% 0.74% 3 1
* 10 is highest