Real Estate Investing in Terre Haute, Indiana (47807)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47807 (Terre Haute, IN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 17.7% of homes vacant — above national norms.
- Elevated poverty: 39.7% poverty rate — can affect rent collection.
- Lower household income: $22,677 median — tenant affordability is tighter.
What’s happening in Terre Haute, IN (47807)?
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Market Analysis: 47807 Terre Haute
Within Vigo County, the 47807 ZIP comes in at a lower entry point around $75K. Stepping back, operators who can improve stock here typically see outsized uplift.
The a strong candidate for angle here is forced equity, not market equity. ZIP 47807 rewards investors who can execute on scope, timeline, and tenant turnover.
The an appealing option for piece of regional context is that nearby ZIPs with newer stock and higher basis have priced out of the value-add game. 47807 has not.
The worth a close look for angle on demographics here is renter willingness to pay a premium for renovated product. The 73% rental share provides scale for the strategy.
BRRRR is the most natural fit. Buy under $75K, rehab, refinance, and the capital recycles in a way turnkey markets cannot replicate.
Here's what matters if you're considering buying a home in Terre Haute:
Property Strategy for 47807
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $49,234 | $890 | 13.0% | +6.1% | $49,234 |
| 2BR | $64,037 | $1,130 | 12.7% | +5.5% | $32,019 |
| 3BR | $85,919 | $1,350 | 11.3% | +4.7% | $28,640 |
| 4BR | $112,444 | $1,590 | 10.2% | +5.4% | $28,111 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 47807 Compare?
| Metric | 47807 | Terre Haute | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $75,469 | $95,690 | N/A | $248,442 |
| 5-Year CAGR | 3.0% | 5.8% | N/A | 7.7% |
| Avg Rent | $871 | $998 | N/A | - |
| Cap Rate | 9.0% | 5.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47807 (Terre Haute, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $75,469 |
| Monthly Rent | $871 |
| Price-to-Rent | 7.2:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.8% |
| Cap Rate | 9.0% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | -2.9% ▼ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | N/A |
The estimated cap rate (9.0%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 47807
Population: 13,028
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 47807
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
Deming Early Learning Center
Ouabache Elementary School
Terre Haute North Vigo High School
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
What is the smart move for investors in Terre Haute, IN?
Most investors in Terre Haute, IN run a value-add and BRRRR deals strategy. It aligns with the 5.0/5 investability profile and the market fundamentals.
Is Terre Haute, IN good for BRRRR investors?
BRRRR viability in Terre Haute, IN is a strong. Disciplined acquisition and rehab can hit the 75% LTV refinance target at market comps.
Does rental property in Terre Haute, IN pass the 1% rule?
The 1% rule is solid territory for Terre Haute, IN. Rent-to-price at the median is 1.15%, putting many properties within striking distance.
What monthly rent should investors expect in Terre Haute, IN?
Rental rates in Terre Haute, IN average $871/mo. Tenant demand and $75K home values make the yield look reasonable by investor standards.
How much should I expect to pay for a home in Terre Haute, IN?
Typical homes in Terre Haute, IN go for around $75K. The 5-year CAGR of 0.0% stable price movement.
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