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 a population of 2,217, 951 total housing units (homes and apartments), and a median house value of $56,100, house prices in West 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 West Terre Haute, accounting for 73.66% of the town's housing units. Other types of housing that are prevalent in West Terre Haute include mobile homes or trailers ( 18.20%), duplexes, homes converted to apartments or other small apartment buildings ( 4.21%), and a few large apartment complexes or high rise apartments ( 2.78%).
People in West Terre Haute primarily live in small (one, two or no bedroom) single-family detached homes. West Terre Haute has a mixture of owner-occupied and renter-occupied housing.
The housing in West Terre Haute was primarily built before 1939 ( 45.98%), making the housing stock in West Terre Haute some of the oldest overall in America, although there is a range of ages of homes in West Terre Haute. The next most important housing age is between 1970-1999 ( 20.59%), followed by between 1940-1969 ( 18.58%). There's also some housing in West Terre Haute built between 2000 and later ( 14.85%).
Appreciation rates for homes in West Terre Haute have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.62%, which ranks in the top 40% nationwide. This equates to an annual average West Terre Haute house appreciation rate of 0.74%.
Appreciation rates are so strong in West Terre Haute that despite a nationwide downturn in the housing market, West Terre Haute real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Terre Haute appreciation rates continue to be some of the highest in America, at 16.03%, which is higher than appreciation rates in 99.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Terre Haute. West Terre Haute appreciation rates in the latest quarter were at -1.71%, which equates to an annual appreciation rate of -6.65%.
Notably, West Terre Haute's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that West Terre Haute's latest annual appreciation rate is higher than 90% of the other cities and towns in Indiana.
|$842,001 - $1,123,000||0.0|
|$561,001 - $842,000||0.0|
|$449,001 - $561,000||0.0|
|$337,001 - $449,000||0.0|
|$225,001 - $337,000||1.1|
|$112,001 - $225,000||7.5|
|$56,001 - $112,000||43.0|
|$0 - $56,000||48.4|
|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 West Terre Haute HOMES|
|2000 or Newer||14.8|
|1970 - 1999||20.6|
|1940 - 1969||18.6|
|1939 or Older||46.0|
|TYPE OF West Terre Haute HOMES|
|Small Apt. Buildings||4.2|
|SIZE OF West Terre Haute HOMES|
|5 or more bedrooms||0.00|