Home Values in Terre Haute, Indiana — 2026 Market Report
Updated March 2026 | Balanced Market | +3.9% YoY
The median home value in Terre Haute, Indiana is $115,000 as of March 2026, which is below the national median of $400,000. Home values in Terre Haute have increased by 3.9% over the past year and 21.1% over the last five years. With a population of 58,389 and a median household income of $35,250, the price-to-income ratio stands at 3.3x, making Terre Haute affordable for the average household.
Terre Haute Housing Market Conditions
| Metric | Terre Haute | National Avg |
|---|---|---|
| Median Home Value | $115,000 | $400,000 |
| YoY Appreciation | +3.9% | +3.8% |
| 5-Year Appreciation | +21.1% | +22.4% |
| Price per Sq Ft | $28 | $222 |
| Days on Market | 33 days | 45 days |
| Months of Supply | 3.9 | 3.5 |
| List-to-Sale Ratio | 96.6% | 98.5% |
| Monthly Homes Sold | 34 | — |
| Foreclosure Rate | 0.53% | 0.3% |
Home Value Trends in Terre Haute
A homeowner who purchased at the median price of $94,963 five years ago in Terre Haute would have gained approximately $20,037 in equity, representing a 21.1% return on investment. Over the past year alone, the typical homeowner gained $4,317 in home equity.
Affordability in Terre Haute, IN
With a median household income of $35,250 and a median home price of $115,000, the price-to-income ratio in Terre Haute is 3.3x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $676 compared to estimated monthly ownership costs of $628 gives a rent-vs-buy ratio of 0.93. In Terre Haute, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Terre Haute
The effective property tax rate in Indiana is 0.85%. On a home valued at $115,000, the estimated annual property tax bill is $978, or approximately $82/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Terre Haute is 78.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Terre Haute, IN?
The median home value in Terre Haute, Indiana is $115,000 as of March 2026. Home values have changed +3.9% over the past year, with a 5-year appreciation of 21.1%.
Is Terre Haute a buyer's or seller's market?
Terre Haute is currently a balanced market with 3.9 months of housing supply. Homes spend an average of 33 days on market, and the list-to-sale price ratio is 96.6%. Supply and demand are relatively balanced.
Are home values going up in Terre Haute?
Yes, home values in Terre Haute have increased by 3.9% over the past year. The 5-year appreciation rate is 21.1%, meaning a home worth $94,963 five years ago is now worth $115,000.
Is it better to rent or buy in Terre Haute?
The average monthly rent in Terre Haute is $676, while estimated monthly homeownership costs are approximately $628. The price-to-rent ratio is 14.2. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Terre Haute, Indiana is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.