The housing market in 47802 Terre Haute, IN is on the rise. The median value of homes in the area is currently at $160,000, which is significantly lower than the US median value of $338,100. In the last year alone, home appreciation in 47802 Terre Haute, IN has been 14.15%, while the US 1 year house appreciation was 8.27%. This shows that houses in this area are becoming more valuable at a higher rate than other parts of the country. This increase in value provides an attractive market to real estate investors as well as potential buyers who are looking for a good return on their investments.
The median home cost in Terre Haute (zip 47802) is $160,000. Home appreciation the last 10 years has been 66.3%. Home Appreciation in Terre Haute (zip 47802) is up 15.4%.
Average Age of Homes
- The median age of Terre Haute (zip 47802) real estate is 40 years old
The Rental Market in Terre Haute (zip 47802)
- Renters make up 34.9% of the Terre Haute (zip 47802) population
- 1.7% of houses and apartments in Terre Haute (zip 47802), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.