Terre Haute, Indiana Housing Market Prices
Terre Haute Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 56% below the Indiana median$63,174
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Median rent 13% below the Indiana median$920
Housing Market Overview
| Metric | Terre Haute | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $63,174 | $142,738 | $248,835 |
| Price Trend (Annual %) | 9.1% | 7.2% | 7.5% |
| Median Gross Rent | $920 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Terre Haute is about 56% lower than in Indiana. Rent is about 13% lower than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Terre Haute, up about 9.1% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Terre Haute rose about 41.5% between 2015 and 2024, from $650 to $920. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Terre Haute.
Buying the median-priced home in Terre Haute costs roughly 5.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Terre Haute. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Terre Haute | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $63,174 | $142,738 | $248,835 |
| Median Household Income | $42,587 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.5 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Terre Haute fell about 5.6%, while median household income rose about 38.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Terre Haute | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.4% | 64.4% | 58.5% |
| Rental Rate | 42.0% | 26.9% | 31.2% |
| Vacancy Rate | 11.6% | 8.8% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Terre Haute has a homeownership rate of 46.4%, lower than the Indiana average of 64.4%. Its housing vacancy rate is 11.6%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Terre Haute | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.21 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1960 | 1975 | 1978 |
| Median Number of Rooms | 5.2 | 5.9 | 5.5 |
The typical housing unit in Terre Haute was built around 1960. On average, 2.2 people live in a home with about 5.2 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Terre Haute, Indiana.
What is the median home price in Terre Haute, Indiana?
The median home price in Terre Haute, Indiana is $63,174, lower than the Indiana average of $142,738.
What is the average home price in Terre Haute, Indiana?
The typical home price in Terre Haute, Indiana, reported as the median sale price, is $63,174. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Terre Haute, Indiana?
The median gross rent in Terre Haute, Indiana is $920 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Terre Haute in 2020?
In 2020, the median gross rent in Terre Haute, Indiana was $752 per month.
What is the price-to-rent ratio in Terre Haute, Indiana?
The price-to-rent ratio in Terre Haute, Indiana is about 5.7, meaning it would take roughly 5.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Terre Haute.
Are home prices or rent rising faster in Terre Haute, Indiana?
Both home prices and rent are rising in Terre Haute, up about 9.1% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Terre Haute, Indiana?
46.4% of households in Terre Haute, Indiana own their home, lower than the Indiana average of 64.4%.
What is the vacancy rate in Terre Haute, Indiana?
The housing vacancy rate in Terre Haute, Indiana is 11.6%, higher than the Indiana average of 8.8%.
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