Real Estate Investing in Terre Haute, Indiana (47802)
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Should you buy in 47802 (Terre Haute, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Terre Haute, IN (47802)?
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Market Analysis: 47802 Terre Haute
The 47802 ZIP covers a section of Terre Haute that demands careful diligence. Prices near $199K look accessible, but the work to make a deal cash flow is real.
The investment case in 47802 is sturdy only for operators who understand what they are buying. A $199K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within IN, ZIP 47802 trails on several market indicators that neighboring Vigo County submarkets outperform. The gap is real and significant enough to shape underwriting.
Resident income in 47802 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. durable returns are possible in 47802, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Terre Haute:
Property Strategy for 47802
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $86,025 | $880 | 7.4% | +5.2% | $86,025 |
| 2BR | $124,717 | $1,110 | 6.4% | +9.2% | $62,358 |
| 3BR | $200,551 | $1,330 | 4.8% | +8.2% | $66,850 |
| 4BR | $298,738 | $1,560 | 3.8% | +7.2% | $74,685 |
| 5BR | $412,428 | — | — | +6.4% | $82,486 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 47802 Compare?
| Metric | 47802 | Terre Haute | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $198,689 | $95,690 | N/A | $248,442 |
| 5-Year CAGR | 6.8% | 5.8% | N/A | 7.7% |
| Avg Rent | $912 | $998 | N/A | - |
| Cap Rate | 3.6% | 5.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47802 (Terre Haute, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $198,689 |
| Monthly Rent | $912 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 47802
Population: 33,192
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 47802
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Where do home prices stand in Terre Haute, IN?
Expect median prices around $199K in Terre Haute, IN. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
How does Terre Haute, IN stack up for property investment?
With a 3.0/5 investability score, Terre Haute, IN ranks as a solid market for rental property investors. Median prices of $199K and rents of $912/mo drive the underlying numbers.
What is the typical vacancy rate in Terre Haute, IN?
Rental vacancy in Terre Haute, IN is elevated. Investors should budget normal turnover but not chronic empty units.
Does Terre Haute, IN favor landlords or tenants?
For rental operators, Terre Haute, IN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What kind of tenants rent in Terre Haute, IN?
Tenant demand in Terre Haute, IN is solid. The local workforce $912/mo rents across most rental classes.
You know 47802 now. You don’t know where it ranks.
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How 47802 ranks in Terre Haute, IN
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