Terre Haute, IN—47807
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 $74,000, with a year-over-year change of -5.4%. This indicates that home prices in Terre Haute, IN are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $74,000 | -5.4% |
| Single Family | $74,000 | -7.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $49,000 | -10.9% |
2 Bed | $64,000 | -9.9% |
3 Bed | $86,000 | -6.5% |
4 Bed | $112,000 | -4.3% |
| 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 $946, with a year-over-year rent change of 19.1%. Per bedroom, the median rent as of July '25 in Terre Haute, IN is studios: $598, 1-bedrooms: $705, 2-bedrooms: $811, 3-bedrooms: $1,180, 4-bedrooms: $1,140. The most common rental property sizes in Terre Haute, IN are 2-bedroom and 1-bedroom, accounting for 29.0% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $946 |
| Studio Rent | $500 | $598 |
| 1 Bed Rent | $695 | $705 |
| 2 Bed Rent | $725 | $811 |
| 3 Bed Rent | $1,100 | $1,180 |
| 4 Bed Rent | $1,000 | $1,140 |
% 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 41. This is a decrease of -35.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $82,400 | 2.0% |
Listing Count | 43 | -19.0% |
| Listings as % of Homes | 0.5% | -19.0% |
Days on Market | 41 | -35.0% |
Demographics — Terre Haute, IN
As of the latest ACS Survey released in 2023, Terre Haute, IN has a population of 13,000, which has increased by 5.8% over the past 5 years. Terre Haute, IN is a moderately popular place for families, as children make up 19.4% of the population. The area has a poorly educated workforce, with 13.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,000 | 5.8% |
% Under 18 | 19.4% | -4.9% |
% Seniors | 9.2% | -12.4% |
% WFH | 2.6% | 18.2% |
% w/ College Degree | 13.3% | 5.6% |
As of the latest ACS Survey released in 2023, Terre Haute, IN is a predominantly white area, with 73.6% of the population identifying as white. The white population has grown by 2.6% in the last 5 years. The second most common race or ethnicity in Terre Haute, IN is black, making up 14.5% of the population. Foreign-born residents account for 2.7% of the population in Terre Haute, IN, and this percentage has decreased by 61.4% 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 | 73.6% | 2.6% |
% Black | 14.5% | 2.8% |
% Hispanic | 4.5% | 25.0% |
% Asian | 0.6% | -77.8% |
% Foreign Born | 2.7% | -61.4% |
Mortgage and Risk — Terre Haute, IN
According to HUD data as of 2023, there were 85 mortgage originations in Terre Haute, IN, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Terre Haute, IN. Investor activity is high, as 27.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 85 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 27.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 5.0% |
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 5.7%. 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 | 492 |
Total Units Section 8 | 229 |
% Rentals under Section 8 | 5.7% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $695 | $800 |
| 2 Bedroom | $285 | $725 | $1,010 |
| 3 Bedroom | $120 | $1,100 | $1,220 |
| 4 Bedroom | $410 | $1,000 | $1,410 |
Affordability — Terre Haute, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $74,000 |
| Median Household Income | $24,400 |