Terre Haute, IN—47802
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Terre Haute, IN
As of Oct '25, the median home price in Terre Haute, IN is $191,000, with a year-over-year change of 4.3%. This indicates that home prices in Terre Haute, IN are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $191,000 | 4.3% |
| Single Family | $190,000 | 4.4% |
| Condos | $214,000 | 11.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $86,000 | -4.4% |
2 Bed | $125,000 | 5.9% |
3 Bed | $201,000 | 4.7% |
4 Bed | $299,000 | 4.2% |
| 5 Bed | $412,000 | 2.7% |
% of Housing Stock
Rental Trends — Terre Haute, IN
As of July '25, Rentcast reports the average rent in Terre Haute, IN is $1,110, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Terre Haute, IN is studios: $678, 1-bedrooms: $694, 2-bedrooms: $965, 3-bedrooms: $1,240, 4-bedrooms: $2,110. The most common rental property sizes in Terre Haute, IN are 2-bedroom and 1-bedroom, accounting for 37.0% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $1,110 |
| Studio Rent | $700 | $678 |
| 1 Bed Rent | $650 | $694 |
| 2 Bed Rent | $965 | $965 |
| 3 Bed Rent | $1,200 | $1,240 |
| 4 Bed Rent | $1,800 | $2,110 |
% of Rental Stock
Property Listings — Terre Haute, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Terre Haute, IN is 52. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $241,000 | 14.0% |
Listing Count | 124 | 19.0% |
| Listings as % of Homes | 0.4% | 19.0% |
Days on Market | 52 | -4.0% |
Demographics — Terre Haute, IN
As of the latest ACS Survey released in 2023, Terre Haute, IN has a population of 33,200, which has decreased by -5.3% over the past 5 years. Terre Haute, IN is a moderately popular place for families, as children make up 20.6% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,200 | -5.3% |
% Under 18 | 20.6% | -1.4% |
% Seniors | 18.0% | 17.6% |
% WFH | 4.9% | 172.2% |
% w/ College Degree | 27.7% | -5.5% |
As of the latest ACS Survey released in 2023, Terre Haute, IN is a predominantly white area, with 81.8% of the population identifying as white. The white population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Terre Haute, IN is black, making up 8.3% of the population. Foreign-born residents account for 3.1% of the population in Terre Haute, IN, and this percentage has decreased by 43.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.8% | 1.5% |
% Black | 8.3% | 1.2% |
% Hispanic | 3.4% | -15.0% |
% Asian | 2.5% | -28.6% |
% Foreign Born | 3.1% | -43.6% |
Mortgage and Risk — Terre Haute, IN
According to HUD data as of 2023, there were 522 mortgage originations in Terre Haute, IN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Terre Haute, IN. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 522 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Terre Haute, IN
As of 2024, the percent of homes in Terre Haute, IN under the Section 8 program is 7.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Terre Haute, IN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 709 |
Total Units Section 8 | 450 |
% Rentals under Section 8 | 7.5% |
% Occupied Section 8 | 85.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $650 | $780 |
| 2 Bedroom | $15 | $965 | $980 |
| 3 Bedroom | -$20 | $1,200 | $1,180 |
| 4 Bedroom | -$430 | $1,800 | $1,370 |
Affordability — Terre Haute, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $191,000 |
| Median Household Income | $58,900 |