West Terre Haute, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating West Terre Haute Neighborhoods Since 2000




West Terre Haute, IN Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

West Terre Haute Housing Market Information

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%).

West Terre Haute Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$56,100

West Terre Haute, IN HOME PRICES

Value Range
> $1,123,000 0.0
$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

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
98.687448728466 99.7737556561086

Number Of Homes And Apartments:
951

West Terre Haute Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
17.45% 0.94% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$894 / per month

Homeownership Rate

Homeownership
Owners 58.25
Renters 41.75
Vacant 8.91

Housing Market Details

 

Age of Homes

AGE OF West Terre Haute HOMES
2000 or Newer 14.8
1970 - 1999 20.6
1940 - 1969 18.6
1939 or Older 46.0

Types of Homes

TYPE OF West Terre Haute HOMES
Single-Family 73.7
Townhomes 1.1
Small Apt. Buildings 4.2
Apt. Complexes 2.8
Mobile Homes 18.2
Other 0.0

Home Size

SIZE OF West Terre Haute HOMES
No Bedroom 1.25
1 Bedroom 8.52
2 Bedrooms 48.75
3 Bedrooms 35.82
4 Bedrooms 5.65
5 or more bedrooms 0.00

Popular Neighborhoods in West Terre Haute

Zip Codes in West Terre Haute, IN