Real Estate Investing in Terre Haute, Indiana (47805)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47805 (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 (47805)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47805 Terre Haute
ZIP 47805 in Terre Haute, IN carries a notable set of headwinds. Home values near $202K and rents of $850/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 47805 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within IN, ZIP 47805 trails on several market indicators that neighboring Vigo County submarkets outperform. The gap is real and notable enough to shape underwriting.
The demographic picture in 47805 includes headwinds that any investor should price in. Income distribution skews lower than Terre Haute averages, and tenant stability requires active management.
Distressed ZIPs reward experience. durable returns are possible in 47805, 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 47805
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $99,139 | $810 | 5.9% | +6.6% | $99,139 |
| 2BR | $131,196 | $1,020 | 5.6% | +8.5% | $65,598 |
| 3BR | $200,673 | $1,220 | 4.4% | +8.2% | $66,891 |
| 4BR | $276,091 | $1,430 | 3.7% | +7.9% | $69,023 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 47805 Compare?
| Metric | 47805 | Terre Haute | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $202,441 | $95,690 | N/A | $248,442 |
| 5-Year CAGR | 7.1% | 5.8% | N/A | 7.7% |
| Avg Rent | $850 | $998 | N/A | - |
| Cap Rate | 3.3% | 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 47805 (Terre Haute, IN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 47805 (Terre Haute, IN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $202,441 |
| Monthly Rent | $850 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 47805
Population: 12,809
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 47805
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 rents currently stand in Terre Haute, IN?
Rents in Terre Haute, IN run near $850/mo. Compared with median home prices of $202K that produces solid gross yields for typical rentals.
Is Terre Haute, IN a good market for FHA house hackers?
For house hackers, Terre Haute, IN is a challenging. The $850/mo rent on a unit helps defray the mortgage on a $202K property.
How does Terre Haute, IN stack up for property investment?
Terre Haute, IN rates 3.0/5 for investability. With median values at $202K and rents near $850/mo, the market offers reasonable fundamentals for rental investors.
Do rentals sit vacant long in Terre Haute, IN?
Vacancy in Terre Haute, IN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $850/mo.
What approach is best for Terre Haute, IN real estate?
In Terre Haute, IN the solid play is typically careful cash-flow rentals with hands-on management. The combination of $202K prices and $850/mo rents suits that approach.
You know 47805 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 47805 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 47805 ranks in Terre Haute, IN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 47805 (Terre Haute)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 47805 (Terre Haute, IN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.