There are currently 28,801 real estate properties in Terre Haute, IN, with a median automated valuation model (AVM) price of $112,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Terre Haute, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Terre Haute, IN, is $135,824.00, with the most expensive house in Terre Haute, IN, topping out at $2,500,000.00 and the cheapest home in Terre Haute, IN, clocking in at $16,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Terre Haute, IN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Terre Haute, IN, is on a rollercoaster ride. The average rent price in Terre Haute, IN, is $989.00. Indeed, when looking to rent in Terre Haute, IN, you can expect to pay as little as $450.00 or as much as $2,940.00, with the average rent median estimated to be $940.00. The good news is that finding an affordable and desirable property to rent in Terre Haute, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Terre Haute, IN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Terre Haute, IN and much more. Save thousands at closing with home foreclosure listings in Terre Haute, IN — up to 75% off market value!
Terre Haute is located in Vigo, Indiana, with an estimated municipal population of 60,622 residents. All of the best foreclosed homes for sale in Terre Haute are located in the following zip code areas on Foreclosure.com: 47804 47807 47802 47803 47809 47801 47808. The estimated population per square kilometer (.62 miles) in Terre Haute is 677.
So, about how much do homes cost in Terre Haute? The most recent median value of resident-owned homes in Terre Haute is 78,334. An estimated 52.8 percent of households in Terre Haute own their homes, with an average family size of 2.99. The median household income in Terre Haute is 36,406, with10.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Terre Haute, the median commute time of resident workers (in minutes) is 17.6. And last, but certainly not least, are you looking for homes to rent in Terre Haute? If so, the average rent price paid by renters in Terre Haute is 731, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Terre Haute, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Terre Haute is 32.5, split between 51.5 percent male versus 48.5 female. The percentage of residents who report being married in Terre Haute is 33.5, with an average family size of 2.99.
The percentage of residents who report their race in Terre Haute is as follows:
|Black / African American||10.7%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Terre Haute? Or maybe you are searching for 55+ active adult communities in and/or near Terre Haute?
The percentage of residents who report their age in Terre Haute is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Terre Haute with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Terre Haute.
How do you know that living in -- or moving to -- Terre Haute is right where you need to be? Perhaps you grew up in Terre Haute or already live nearby; therefore, the decision to buy a home in Terre Haute is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Terre Haute for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Terre Haute:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Terre Haute.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Terre Haute can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Terre Haute, meanwhile, can field multiple offers from more qualified buyers.