Rent, population, and median household income are important factors to consider for a 1031 exchange in Terre Haute due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Terre Haute, Indiana is a part of the Terre Haute, IN metropolitan area, and contains 8 zip codes, including: 47802, 47808, 47805, 47809, 47804, and 47803.
Terre Haute Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Terre Haute, IN metropolitan area was $749, which is 9.02% lower than 2014 average rent. This represents a compounded annual growth rate of 1.74%. 2019 vacancy in Terre Haute, IN was 5.50%.
The total population of the city of Terre Haute, IN has decreased 0.05% since 2010. As of 2018, the population was 60,753. The median household income of the Terre Haute was $35,722, which is 40.75% lower than the national average.
- metropolitan area Terre Haute, IN
- avg rent $749
- rent growth 9.02%
- vacancy 5.50%
- median income $35,722
- population (2018) 60,753
- population growth -0.05%
- vs. nat'l avg 40.75%
- zip codes 47801 47802 47803 47804 47805 47807 47808 47809