Terre Haute, IN—47804
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 $100,000, with a year-over-year change of -1.5%. This indicates that home prices in Terre Haute, IN are decreasing. 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 | $100,000 | -1.5% |
| Single Family | $99,000 | -2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $64,000 | -9.9% |
2 Bed | $88,000 | -3.3% |
3 Bed | $116,000 | -0.9% |
4 Bed | $143,000 | -2.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Terre Haute, IN
As of July '25, Rentcast reports the average rent in Terre Haute, IN is $930, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in Terre Haute, IN is 1-bedrooms: $688, 2-bedrooms: $943, 3-bedrooms: $1,110, 4-bedrooms: $1,300. The most common rental property sizes in Terre Haute, IN are 2-bedroom and 1-bedroom, accounting for 40.6% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $930 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $625 | $688 |
| 2 Bed Rent | $850 | $943 |
| 3 Bed Rent | $1,100 | $1,110 |
| 4 Bed Rent | $1,300 | $1,300 |
% 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 31. This is a decrease of -34.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $91,200 | -3.0% |
Listing Count | 49 | 12.0% |
| Listings as % of Homes | 0.6% | 12.0% |
Days on Market | 31 | -34.0% |
Demographics — Terre Haute, IN
As of the latest ACS Survey released in 2023, Terre Haute, IN has a population of 10,600, which has decreased by -8.2% over the past 5 years. Terre Haute, IN is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,600 | -8.2% |
% Under 18 | 23.6% | -1.3% |
% Seniors | 20.2% | 27.0% |
% WFH | 4.3% | 258.3% |
% w/ College Degree | 17.0% | 9.0% |
As of the latest ACS Survey released in 2023, Terre Haute, IN is a predominantly white area, with 80.7% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Terre Haute, IN is hispanic, making up 6.9% of the population. Foreign-born residents account for 4.1% of the population in Terre Haute, IN, and this percentage has increased by 215.4% 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 | 80.7% | -9.3% |
% Black | 6.5% | 18.2% |
% Hispanic | 6.9% | 392.9% |
% Asian | 0.9% | 50.0% |
% Foreign Born | 4.1% | 215.4% |
Mortgage and Risk — Terre Haute, IN
According to HUD data as of 2023, there were 150 mortgage originations in Terre Haute, IN, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Terre Haute, IN. Investor activity is low, as 7.0% 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 | 150 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
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 11.8%. 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. In Terre Haute, IN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 394 |
Total Units Section 8 | 182 |
% Rentals under Section 8 | 11.8% |
% Occupied Section 8 | 88.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $175 | $625 | $800 |
| 2 Bedroom | $160 | $850 | $1,010 |
| 3 Bedroom | $120 | $1,100 | $1,220 |
| 4 Bedroom | $110 | $1,300 | $1,410 |
Affordability — Terre Haute, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $100,000 |
| Median Household Income | $38,000 |