Terre Haute, IN—47805
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 $193,000, with a year-over-year change of 4.7%. 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 | $193,000 | 4.7% |
| Single Family | $193,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $99,000 | 0.0% |
2 Bed | $131,000 | 5.6% |
3 Bed | $201,000 | 4.7% |
4 Bed | $276,000 | 3.8% |
| 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 $1,280, with a year-over-year rent change of 60.6%. Per bedroom, the median rent as of July '25 in Terre Haute, IN is 1-bedrooms: $660, 2-bedrooms: $986, 3-bedrooms: $1,890. The most common rental property sizes in Terre Haute, IN are 2-bedroom and 1-bedroom, accounting for 30.2% and 23.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $625 | $660 |
| 2 Bed Rent | $900 | $986 |
| 3 Bed Rent | $1,500 | $1,890 |
| 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 60. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer 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 | $260,000 | 5.0% |
Listing Count | 39 | 5.0% |
| Listings as % of Homes | 0.5% | 5.0% |
Days on Market | 60 | 6.0% |
Demographics — Terre Haute, IN
As of the latest ACS Survey released in 2023, Terre Haute, IN has a population of 12,800, which has remained stable by 0.9% over the past 5 years. Terre Haute, IN is a moderately popular place for families, as children make up 18.7% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,800 | 0.9% |
% Under 18 | 18.7% | -21.1% |
% Seniors | 17.8% | 6.0% |
% WFH | 2.0% | -28.6% |
% w/ College Degree | 23.2% | -0.9% |
As of the latest ACS Survey released in 2023, Terre Haute, IN is a predominantly white area, with 91.5% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Terre Haute, IN is hispanic, making up 1.6% of the population. Foreign-born residents account for 0.6% of the population in Terre Haute, IN, and this percentage has decreased by 33.3% 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 | 91.5% | -5.8% |
% Black | 1.4% | 55.6% |
% Hispanic | 1.6% | 433.3% |
% Asian | 0.5% | 400.0% |
% Foreign Born | 0.6% | -33.3% |
Mortgage and Risk — Terre Haute, IN
According to HUD data as of 2023, there were 241 mortgage originations in Terre Haute, IN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 27.0% 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. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 241 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
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 | 48 |
Total Units Section 8 | 47 |
% Rentals under Section 8 | 5.8% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $115 | $625 | $740 |
| 2 Bedroom | $40 | $900 | $940 |
| 3 Bedroom | -$320 | $1,500 | $1,180 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Terre Haute, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $193,000 |
| Median Household Income | $69,700 |