Terre Haute Home Prices: $144K, Down 1.7% — 5 ZIPs Analyzed (2026)
$143,754. That is the typical home value in Terre Haute, Indiana as of February 2026. Prices have slipped 1.7% over the past 12 months, continuing a slow drift downward across the city’s five ZIP codes.
Quick answer: The average home price in Terre Haute, IN is $143,754 as of February 2026, down 1.7% year over year according to Zillow.
Current Home Prices in Terre Haute
The Terre Haute housing market is one of the cheaper urban markets in Indiana. The numbers below cover all city ZIPs.
| Metric | Value |
|---|---|
| Median home value | $143,754 |
| Year-over-year change | -1.7% |
| Lowest ZIP value | $70,288 (47807) |
| Highest ZIP value | $190,816 (47805) |
| Price spread | $120,528 |
| Latest data | February 2026 |
| ZIPs in dataset | 5 |
The price gap between the most and least expensive ZIPs is wide. The top end runs more than 2.7 times the bottom end. That kind of spread is unusual in a city this size.
What does $143,754 actually buy here? In the cheapest neighborhood, you are looking at small older homes near downtown. In the priciest ZIP, that median is closer to $190K territory, which in Terre Haute typically means three bedrooms, a garage, and a finished lot in the suburbs north of the city.
The city’s prices held above $146,000 through most of spring 2025 before easing back. The trough so far is $143,686, hit in January 2026. February nudged up by $68. That is statistical noise, not a turn.
For buyers shopping the broader Wabash Valley, Terre Haute is the price floor. Most surrounding markets in central and southern Indiana run higher.
Terre Haute Home Prices by Neighborhood
Five ZIPs, five different price tiers. Here is the full breakdown.
| ZIP Code | Median Value | Avg Rent (ZORI) |
|---|---|---|
| 47805 | $190,816 | Data not available |
| 47802 | $188,746 | $1,074 |
| 47803 | $170,505 | $1,380 |
| 47804 | $98,417 | $890 |
| 47807 | $70,288 | $778 |
Most Expensive ZIPs
47805 tops the list at $190,816, about 33% above the city median, covering the northern fringe where newer construction concentrates.
47802 sits just behind at $188,746 with rents around $1,074, marking the southside corridor where prices stay close to top-tier values.
47803 lands at $170,505 but pulls the highest rents in the city at $1,380 a month, suggesting strong demand for rental units near Indiana State University.
Most Affordable ZIPs
47807 is the cheapest ZIP at $70,288, less than half the city median, with rent at $778 — the bargain corner of the market.
47804 follows at $98,417, the only other sub-$100K ZIP, with rents averaging $890.
47803 at $170,505 is the third-cheapest only because the top two ZIPs cluster so tightly above $188K.
Rent vs Buy in Terre Haute
Rents in Terre Haute average about $1,030 across the four ZIPs with available data. The cheapest neighborhood (47807) rents for $778. The priciest (47803) rents for $1,380.
| Scenario | Monthly Cost (est.) |
|---|---|
| Rent (city average) | ~$1,030 |
| Buy: $143,754 home, 20% down, 7% rate | ~$766 P&I |
| Add property tax (~0.8%) | +$96 |
| Add insurance (est.) | +$80 |
| Total monthly buy cost | ~$942 |
On paper, buying beats renting by about $90 a month at the median price point. That math gets better in cheaper ZIPs. A $70,288 home in 47807 carries a monthly cost near $460 all-in, well below the $778 rent in that same ZIP.
The gap inverts in 47803. Renting at $1,380 stays below the cost of owning a $170,505 home there once you factor maintenance and the opportunity cost of a $34,101 down payment.
You should also account for the low population growth (more on that below). Soft demand caps rent increases, so the rental side of this trade has limited upside in the short term.
Population Growth and Migration
Terre Haute has 58,531 residents as of 2024. The city has gained 135 people since 2020, a 0.2% rise over four years.
| Year | Population |
|---|---|
| 2020 | 58,396 |
| 2021 | 58,372 |
| 2022 | 58,376 |
| 2023 | 58,455 |
| 2024 | 58,531 |
The trend is technically positive but barely. Population dipped between 2020 and 2021 before recovering. The city is essentially flat over five years.
Compare that to other Indiana cities and the picture sharpens.
| City | Population (2024) | 4-Year Growth |
|---|---|---|
| Fort Wayne | 273,203 | +3.3% |
| Fishers | 103,986 | +4.5% |
| Carmel | 103,606 | +3.7% |
| Noblesville | 75,239 | +7.2% |
| Lafayette | 71,757 | +1.4% |
| Terre Haute | 58,531 | +0.2% |
Indianapolis suburbs are pulling growth. Terre Haute, on the western edge of the state, is not. Flat population means flat housing demand, which lines up with the price softness shown above.
Terre Haute Housing Market Trends
The 12-month trend tells a quiet story.
| Month | Median Value | Min ZIP | Max ZIP |
|---|---|---|---|
| Feb 2026 | $143,754 | $70,288 | $190,816 |
| Jan 2026 | $143,686 | $70,991 | $190,566 |
| Dec 2025 | $144,082 | $72,293 | $190,827 |
| Nov 2025 | $144,967 | $74,438 | $191,459 |
| Oct 2025 | $145,440 | $76,509 | $191,448 |
| Sep 2025 | $145,372 | $78,077 | $190,895 |
| Aug 2025 | $144,740 | $79,083 | $189,664 |
| Jul 2025 | $144,685 | $80,462 | $189,027 |
| Jun 2025 | $144,829 | $81,820 | $188,445 |
| May 2025 | $145,547 | $83,148 | $188,500 |
| Apr 2025 | $146,084 | $83,852 | $188,597 |
| Mar 2025 | $146,291 | $84,228 | $188,379 |
The peak was March 2025 at $146,291. From there, prices ground lower through January 2026. Total drop: $2,605, or 1.78% across 11 months.
One pattern stands out. The minimum ZIP value has fallen sharply, from $84,228 last March to $70,288 today — a 16.5% decline. The maximum ZIP has held steady around $190K. The bottom of the market is doing the falling. The top is flat.
That tells you the cheapest housing stock in Terre Haute is losing ground faster than the rest. Investors and entry-level buyers may be pulling back from the lowest tier.
Is Terre Haute a Good Place to Buy in 2026?
The data points to a buyer’s market. Prices have fallen 11 months in a row at the metro level. Population growth is essentially zero. The lowest-priced ZIP has shed 16.5% of its value in a year. None of those signals favor sellers.
For buyers, the math works in your favor. You can buy a typical home for under $144,000. Mortgage costs run cheaper than rent at the median price point. Property taxes in Indiana are middling at roughly 0.8%.
The risk is that the same trend continues. If the cheapest ZIP keeps dropping, anyone buying at the low end could see further paper losses. If you plan to hold for at least 5 years and live in the home, that risk fades. If you are speculating, the trend is against you.
Bottom line: Terre Haute is a place to buy a primary residence at a discount. It is not a place to flip houses in 2026.
Terre Haute Housing Market Outlook for 2026-2027
Prices have fallen for eleven straight months at the city level. The most recent month (February 2026) showed a tiny uptick of $68, but that is well within the noise band.
If the current pace continues, expect another 1% to 2% decline by mid-2026. The 3-month trend ($144,082 → $143,686 → $143,754) is essentially flat, which suggests the bottom may be near rather than accelerating.
Watch the cheapest ZIP. It has dropped 16.5% in 12 months and shows no sign of stabilizing. If 47807 finds a floor, that would be the first sign the broader Terre Haute market has bottomed. Until then, treat any price stability above $144K as tentative.
Population data suggests no demand-side catalyst for a sharp rebound. Terre Haute will likely trade in a tight range through 2027 unless something changes upstream.
Similar Markets in IN
If Terre Haute prices interest you, these other Indiana markets are worth a look.
- Muncie — another small Indiana college town with similar affordability profile.
- Evansville — southern Indiana metro with comparable housing stock at similar price tiers.
- Lafayette — Purdue-anchored market with stronger population growth than Terre Haute.
- Bloomington — IU college town that runs notably more expensive than Terre Haute.
- Indianapolis — the state capital, with a deeper market and higher prices.
Frequently Asked Questions
What is the average home price in Terre Haute?
The median home value in Terre Haute, Indiana is $143,754 as of February 2026. That figure covers all five city ZIP codes, ranging from $70,288 in 47807 to $190,816 in 47805.
Are home prices going up or down in Terre Haute?
Prices are down 1.7% year over year. The median fell from $146,291 in March 2025 to $143,754 in February 2026. The decline has been gradual but consistent across 11 of the last 12 months.
Is it cheaper to rent or buy in Terre Haute?
Buying is slightly cheaper monthly at the city median. A $143,754 home with 20% down at 7% costs roughly $942 a month including taxes and insurance, versus an average rent of about $1,030 across the city. The gap widens in cheaper ZIPs and narrows in pricier ones.
What is the most affordable neighborhood in Terre Haute?
ZIP 47807 is the cheapest at $70,288, less than half the citywide median. Rent there averages $778 per month, also the lowest in the city. It is the only ZIP in Terre Haute below $80K.
Methodology
Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.