Terre Haute, IN mortgage & affordability calculator
The typical home in Terre Haute, IN is worth about $155,000.
With 20% down that's a loan near $124,000 — the calculator
is pre-filled with that figure. Indiana State University and the federal government's only civilian execution facility, USP Terre Haute, are both major local employers, while Wabash Valley manufacturing and logistics keep home prices among the most affordable in the Midwest.
$805.09 / month
Total interest
$165,828
Total paid
$289,828
Payoff
30.0 years
How much you need to earn
Terre Haute, IN's median household income is about
$52,000 a year. Under standard 28/36
lending rules that supports a home price around
$180,631 with 20% down —
comfortably above the $155,000 typical price.
Typical asking rent in Terre Haute, IN is about $900 a month, so owning the median home costs roughly
$147 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Terre Haute, IN?
On the metro's roughly $155,000 typical home with 20% down, the loan is about $124,000. Principal and interest run near $805 a month at today's rate, and Terre Haute, IN's property tax plus insurance add about $242, for a full payment near $1,047.
Can I afford a home in Terre Haute, IN on the median income?
The median household income is about $52,000 a year. Under standard 28/36 lending rules that supports a home price around $180,631 with 20% down — above the $155,000 typical price, so a median home is within reach.
Is it cheaper to rent or buy in Terre Haute, IN?
Typical asking rent is about $900 a month. The full owner payment on a median home is near $1,047, so owning costs roughly $147 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Terre Haute, IN?
The effective property tax rate in the core county is about 0.84% of market value — roughly $1,302 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Terre Haute, IN rising or falling?
Home values are up about 3% over the past year. Indiana State University and the federal government's only civilian execution facility, USP Terre Haute, are both major local employers, while Wabash Valley manufacturing and logistics keep home prices among the most affordable in the Midwest.