Terre Haute Indiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Terre Haute, IN (the Terre Haute metro area) was $686 in 2019 according to the Census ACS survey.1 Average gross rent in Terre Haute was $686 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Terre Haute median and average rent data will be released in September of 2021.
Data is also available below for Terre Haute rental vacancy rates, Terre Haute rent as a percent of median income and the fraction of renters in Terre Haute.
Real Gross Rent in Terre Haute Indiana (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Indiana Median Gross Rent | $840 | +0.60% | +4.48% |
| Terre Haute, IN Median Gross Rent | $686 | -6.92% | -6.79% |
Terre Haute, IN Real Gross Rent Trends
Median gross rent for Terre Haute peaked in real terms in 2017 at $739 and is now $53 (7.17%) lower. Average gross rent for Terre Haute peaked in real terms in 2018 at $736 and is now $50 (6.79%) lower.
Real Gross Rent in Terre Haute: Terre Haute IN Median, Terre Haute IN Average, Indiana Median, US Median
Real Gross Rent History for Terre Haute
| Date | US Median |
Indiana Median |
Terre Haute, IN Median |
Terre Haute, IN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $840 | $686 | $686 |
| 2018 | $1,077 | $835 | $737 | $736 |
| 2017 | $1,043 | $818 | $739 | $709 |
| 2016 | $1,027 | $804 | $736 | $712 |
| 2015 | $1,017 | $804 | $718 | $688 |
| 2014 | $986 | $795 | $703 | $668 |
| 2013 | $953 | $769 | $706 | $719 |
| 2012 | $940 | $761 | $673 | $640 |
| 2011 | $941 | $764 | $720 | $673 |
| 2010 | $955 | $763 | $687 | $668 |
| 2009 | $960 | $783 | $669 | $611 |
| 2007 | $927 | $750 | $644 | $583 |
| 2005 | $910 | $769 | $639 | $628 |
Terre Haute Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Terre Haute Indiana was 5.35% according to Census ACS data.
Rental Vacancy Rate in Terre Haute Indiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Indiana | 6.89% | +0.30% | -0.07% |
| Terre Haute, IN | 5.35% | +0.85% | -2.58% |
Trends in Terre Haute, IN Rental Vacancy Rate
The rental vacancy rate in Terre Haute peaked in 2009 at 9.98%. Since then it has fallen by 4.63% to 5.35%. Data records for this series originated in 2005. From a 2018 post peak low of 4.50%, the rental vacancy rate has increased by 0.85%.
Rental Vacancy Rate: Terre Haute IN, Indiana, US
Historical Rental Vacancy Rate data for Terre Haute
| Date | US | Indiana | Terre Haute, IN |
|---|---|---|---|
| 2019 | 5.97% | 6.89% | 5.35% |
| 2018 | 6.15% | 6.59% | 4.50% |
| 2017 | 6.18% | 7.14% | 5.03% |
| 2016 | 5.89% | 6.96% | 7.93% |
| 2015 | 5.85% | 7.94% | 8.55% |
| 2014 | 6.32% | 8.09% | 7.62% |
| 2013 | 6.49% | 7.00% | 5.77% |
| 2012 | 6.77% | 8.43% | 8.44% |
| 2011 | 7.40% | 8.47% | 9.13% |
| 2010 | 8.17% | 8.78% | 5.83% |
| 2009 | 8.43% | 10.44% | 9.98% |
| 2007 | 7.87% | 9.72% | 5.98% |
| 2005 | 7.74% | 10.67% | 9.17% |
Rent as a Fraction of Income
Using median household income data for Terre Haute, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Terre Haute, median monthly gross rent as a fraction of median household income was 16.42% in 2019 according to the ACS.
Terre Haute Indiana Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Indiana | 17.50% | -0.15% | -0.12% |
| Terre Haute, IN | 16.42% | -0.87% | -1.55% |
Trends in Terre Haute, IN Rent as a Fraction of Income
The fraction of median Terre Haute household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 19.83%. Since then it has fallen by 3.41% to 16.42%.
Fraction of Income towards Rent: Terre Haute IN, Indiana, US
Historical Data for Annual Rent as a Fraction of Income in Terre Haute Indiana
| Date | US | Indiana | Terre Haute, IN |
|---|---|---|---|
| 2019 | 20.03% | 17.50% | 16.42% |
| 2018 | 20.50% | 17.65% | 17.29% |
| 2017 | 20.13% | 17.56% | 19.62% |
| 2016 | 20.43% | 17.62% | 17.97% |
| 2015 | 20.63% | 18.00% | 19.83% |
| 2014 | 20.89% | 18.27% | 19.05% |
| 2013 | 20.78% | 18.43% | 19.79% |
| 2012 | 20.65% | 18.27% | 18.51% |
| 2011 | 20.70% | 18.27% | 18.45% |
| 2010 | 20.50% | 18.37% | 17.91% |
| 2009 | 20.12% | 18.15% | 18.39% |
| 2007 | 18.66% | 16.14% | 16.74% |
| 2005 | 18.89% | 16.78% | 16.89% |
Renter Fraction in Terre Haute Indiana
You can calculate the renter fraction in Terre Haute in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Terre Haute as a fraction of total Terre Haute households. In 2019 31.28% of households were renters according to Census ACS data.
Terre Haute Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Indiana | 30.69% | -0.37% | -0.96% |
| Terre Haute, IN | 31.28% | -2.55% | +0.98% |
Trends in the Terre Haute, IN Renter Fraction
The Terre Haute household renter fraction peaked in in 2015 at 36.84% and is now 5.56% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Terre Haute IN, Indiana, US
History of Terre Haute Renter Fraction
| Date | US | Indiana | Terre Haute, IN |
|---|---|---|---|
| 2019 | 35.89% | 30.69% | 31.28% |
| 2018 | 36.05% | 31.06% | 33.83% |
| 2017 | 36.13% | 30.96% | 33.38% |
| 2016 | 36.88% | 31.65% | 30.30% |
| 2015 | 36.97% | 31.82% | 36.84% |
| 2014 | 36.90% | 31.42% | 34.00% |
| 2013 | 36.50% | 31.48% | 35.20% |
| 2012 | 36.09% | 30.62% | 32.80% |
| 2011 | 35.42% | 30.28% | 29.53% |
| 2010 | 34.65% | 29.71% | 31.42% |
| 2009 | 34.13% | 29.57% | 30.21% |
| 2007 | 32.80% | 28.37% | 29.64% |
| 2005 | 33.10% | 28.00% | 29.98% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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