Real Estate Investing in West Terre Haute, Indiana (47885)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47885 (West 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in West Terre Haute, IN (47885)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 47885 West Terre Haute
Looking more closely, ZIP 47885 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $167K median. It rewards specialists, not generalists.
The 47885 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 47885's metrics run below Vigo County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 47885 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in West Terre Haute:
Property Strategy for 47885
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $66,209 | $770 | 8.4% | +4.4% | $66,209 |
| 2BR | $103,248 | $970 | 6.8% | +7.1% | $51,624 |
| 3BR | $189,074 | $1,160 | 4.4% | +7.5% | $63,025 |
| 4BR | $282,219 | $1,360 | 3.5% | +6.8% | $70,555 |
Market Trends
Home Value History (with trend line)
📊 How Does 47885 Compare?
| Metric | 47885 | West Terre Haute | Terre Haute, IN | Indiana |
|---|---|---|---|---|
| Home Value | $167,243 | $167,243 | N/A | $248,442 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.7% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
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 47885 (West Terre Haute, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $167,243 |
| Monthly Rent | $873 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (4.1%). 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 47885
Population: 9,287
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 47885
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
How much rent can I charge in West Terre Haute, IN?
Rents in West Terre Haute, IN run near $873/mo. Compared with median home prices of $167K that produces solid gross yields for typical rentals.
How tight is the rental market in West Terre Haute, IN?
Vacancy risk in West Terre Haute, IN is elevated. That supports steady cash flow for typical rental holds.
Is West Terre Haute, IN a good place for real estate investing?
West Terre Haute, IN shows an investability rating of 3.0/5, with median home values near $167K and average rents around $873/mo. That combination puts it in the sturdy tier for investor interest.
What is the typical renter like in West Terre Haute, IN?
Tenant quality in West Terre Haute, IN ranks as solid. Landlords generally report stable occupancy at market rents of $873/mo.
How much should I expect to pay for a home in West Terre Haute, IN?
Expect median prices around $167K in West Terre Haute, IN. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
You know 47885 now. You don’t know where it ranks.
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How 47885 ranks in Terre Haute, IN
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