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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



West Terre Haute, IN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

West Terre Haute, IN Housing Market Trends

With a population of 2,152, 726 total housing units (homes and apartments), and a median house value of $90,304, house prices in West Terre Haute are some of the most affordable in Indiana as well as the nation.

Single-family detached homes are the single most common housing type in West Terre Haute, accounting for 78.54% of the town's housing units. Other types of housing that are prevalent in West Terre Haute include mobile homes or trailers ( 12.15%), duplexes, homes converted to apartments or other small apartment buildings ( 6.96%), and a few large apartment complexes or high rise apartments ( 1.77%).

Dwellings in West Terre Haute tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 56.72% of the homes in West Terre Haute have two or fewer bedrooms.

The housing in West Terre Haute was primarily built before 1939 ( 46.93%), making the housing stock in West Terre Haute some of the oldest overall in America, although there is a range of ages of homes in West Terre Haute. The next most important housing age is between 1970-1999 ( 29.72%), followed by between 1940-1969 ( 15.80%). There's also some housing in West Terre Haute built between 2000 and later ( 7.55%).

Vacant housing appears to be an issue in West Terre Haute. Fully 14.39% of the housing stock is classified as vacant. Left unchecked, vacant West Terre Haute homes and apartments can be a drag on the real estate market, holding West Terre Haute real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

West Terre Haute Home Appreciation Rates

Appreciation rates for homes in West Terre Haute have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.48%, which ranks in the top 40% nationwide. This equates to an annual average West Terre Haute house appreciation rate of 7.31%.

Appreciation rates are so strong in West Terre Haute that despite a nationwide downturn in the housing market, West Terre Haute real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Terre Haute appreciation rates continue to be some of the highest in America, at 18.03%, which is higher than appreciation rates in 98.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Terre Haute. West Terre Haute appreciation rates in the latest quarter were at -0.96%, which equates to an annual appreciation rate of -3.79%.

Notably, West Terre Haute's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that West Terre Haute's latest annual appreciation rate is higher than 90% of the other cities and towns in Indiana.

Average Home Values

Median Home Value

$90,304

West Terre Haute, IN Home Prices
> $1,470,000
$1,103,001 - $1,470,000
$736,001 - $1,103,000
$588,001 - $736,000
$441,001 - $588,000
$294,001 - $441,000
$147,001 - $294,000
$74,001 - $147,000
$0 - $74,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
10.0%
10.0%
10.4%
10.4%
39.8%
39.8%
39.9%
39.9%
0% 100.0%
% of Homes
Very Low

for Indiana

Very Low

for nation

Number of Homes And Apartments:

726

West Terre Haute Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,269 / per month

Homeownership Rate

Owners
Renters
74.9%
74.9%
25.1%
25.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
14.4%
14.4%
85.6%
85.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.5%
7.5%
29.7%
29.7%
15.8%
15.8%
46.9%
46.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.5%
78.5%
0.6%
0.6%
7.0%
7.0%
1.8%
1.8%
12.1%
12.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.8%
1.8%
9.3%
9.3%
45.6%
45.6%
30.1%
30.1%
7.0%
7.0%
6.3%
6.3%
0% 100.0%
% of Homes

Popular Neighborhoods in West Terre Haute

Zip Codes in West Terre Haute, IN