The typical owner-occupied home in West Terre Haute is worth about $74,100, 66% below the Indiana median of $218,200 and 78% below the national median of $332,700. Owners pay a median $899 a year in property taxes, about 1.21% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $53,676 a year, so the median home costs 1.4 times the median income (3.0 times for Indiana). 71% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
West Terre Haute at a glance
| West Terre Haute | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $74,100 | $218,200 | $332,700 |
| Median property tax paid per year | $899 | $1,614 | $3,119 |
| Property tax as a share of value | 1.21% | 0.74% | 0.94% |
| Median household income | $53,676 | $71,957 | $80,734 |
| Homes lived in by their owners | 71% | 71% | 65% |
| Owner homes with a mortgage | 53% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $982 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 18.4% | 18.1% | 21.0% |
| Median rent | $819 | $1,062 | $1,413 |
| Rent as a share of renters' income | 27.4% | 29.1% | 30.6% |
| Median year homes were built | 1959 | 1976 | 1980 |
| Vacant homes | 11.5% | 8.8% | 10.1% |
| Population | 2,092 | 6,851,073 | 334,922,499 |
What a typical home costs per month in West Terre Haute
At this week's average 30-year rate of 7.11%, buying the median West Terre Haute home of $74,100 with 20% down costs about $504 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $628, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $21,616 for the 20%-down payment. That payment is 11% of the median West Terre Haute household income of $53,676; at that income and 20% down, the 28% guideline points to a home of about $184,000.
The median rent here is $819 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,820 |
|---|---|
| Loan amount | $59,280 |
| Principal and interest | $399 |
| Property taxes (1.21% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| PMI | $0 |
| Total per month | $504 |
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| Down payment | $2,594 |
|---|---|
| Loan amount | $72,758 |
| Principal and interest | $489 |
| Property taxes (1.21% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| FHA mortgage insurance | $33 |
| Total per month | $628 |
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Questions about home buying in West Terre Haute
What is the median home value in West Terre Haute?
About $74,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in West Terre Haute?
Homeowners pay a median $899 a year, which is about 1.21% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in West Terre Haute?
For the median home with 20% down at 7.11%, the payment is about $504 a month. Keeping that under 28% of gross income takes about $21,616 a year.
More about West Terre Haute
- Mortgage Refinance in West Terre Haute
- Debt Relief in West Terre Haute
- Home Equity Loans in West Terre Haute
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data