Terre Haute, IN—47803
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 $173,000, with a year-over-year change of 4.6%. This indicates that home prices in Terre Haute, IN are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $173,000 | 4.6% |
| Single Family | $172,000 | 4.9% |
| Condos | $211,000 | 7.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $85,000 | 0.0% |
2 Bed | $126,000 | 5.9% |
3 Bed | $198,000 | 4.2% |
4 Bed | $284,000 | 2.9% |
| 5 Bed | $335,000 | 1.8% |
% of Housing Stock
Rental Trends — Terre Haute, IN
As of July '25, Rentcast reports the average rent in Terre Haute, IN is $1,160, with a year-over-year rent change of 1.8%. Per bedroom, the median rent as of July '25 in Terre Haute, IN is 1-bedrooms: $807, 2-bedrooms: $1,120, 3-bedrooms: $1,460. The most common rental property sizes in Terre Haute, IN are 2-bedroom and 1-bedroom, accounting for 46.1% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $807 |
| 2 Bed Rent | $1,000 | $1,120 |
| 3 Bed Rent | $1,200 | $1,460 |
| 4 Bed Rent | N/A | N/A |
% 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 58. This is a decrease of -15.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $269,000 | 4.0% |
Listing Count | 94 | -1.0% |
| Listings as % of Homes | 1.0% | -1.0% |
Days on Market | 58 | -15.0% |
Demographics — Terre Haute, IN
As of the latest ACS Survey released in 2023, Terre Haute, IN has a population of 21,700, which has increased by 5.4% over the past 5 years. Terre Haute, IN is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 37.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,700 | 5.4% |
% Under 18 | 20.4% | 9.1% |
% Seniors | 19.0% | 8.6% |
% WFH | 6.5% | 38.3% |
% w/ College Degree | 37.3% | 7.5% |
As of the latest ACS Survey released in 2023, Terre Haute, IN is a predominantly white area, with 86.4% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Terre Haute, IN is asian, making up 4.5% of the population. Foreign-born residents account for 5.2% of the population in Terre Haute, IN, and this percentage has increased by 173.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.4% | -2.6% |
% Black | 2.7% | -50.0% |
% Hispanic | 2.5% | 38.9% |
% Asian | 4.5% | 181.2% |
% Foreign Born | 5.2% | 173.7% |
Mortgage and Risk — Terre Haute, IN
According to HUD data as of 2023, there were 475 mortgage originations in Terre Haute, IN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Terre Haute, IN. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 475 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Terre Haute, IN
Terre Haute, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 331 |
Total Units Section 8 | 302 |
% Rentals under Section 8 | 11.7% |
% Occupied Section 8 | 92.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $800 | $850 |
| 2 Bedroom | $80 | $1,000 | $1,080 |
| 3 Bedroom | $100 | $1,200 | $1,300 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Terre Haute, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $173,000 |
| Median Household Income | $59,300 |