Department of Numbers

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Terre Haute, Indiana Home Affordability

The data below measures home affordability for the Terre Haute, Indiana metropolitan area using price-to-income and price-to-rent metrics.1 The maximum affordable loan amount for the median household income is also calculated. You can also compare Terre Haute home affordability to other cities.

Terre Haute, Indiana Home Price-to-Income Ratios

The second chart shows a history of the ratio as an index calculated from the Federal Housing Finance Agency's Terre Haute HPI series. Median household income data for Terre Haute is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Terre Haute, Indiana Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 106.9
September 2013 101.7
June 2013 102.2
March 2013 102.9
December 2012 101.5
September 2012 101.4
June 2012 102.8
March 2012 99.6

Terre Haute, Indiana Home Price-to-Rent Ratios

The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Terre Haute median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Terre Haute, Indiana Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 94.8
September 2013 90.2
June 2013 90.6
March 2013 91.2
December 2012 90.0
September 2012 89.9
June 2012 91.1
March 2012 88.3

Terre Haute, Indiana Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Terre Haute, Indiana and calculating the mortgage 30% of that income could afford. Traditionally, 30% of income is the maximum amount a homeowner could use towards a home loan. Inferred affordable loan values are calculated from ACS median household income and average monthly mortgage rates.

Inferred Affordable Mortgage

Terre Haute, Indiana Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $207,321
January 2014 $204,160
December 2013 $203,440
November 2013 $208,309
October 2013 $210,054
September 2013 $202,725
August 2013 $203,440
July 2013 $205,610
June 2013 $213,096
May 2013 $227,347
April 2013 $229,906
March 2013 $226,503
February 2013 $227,629

1. Specifically, home prices are from the non seasonally adjusted FHFA all-transactions quarterly series. Dollar ratios are calculated using NAR metro prices when available. Rent and income data are from the Census ACS and are carried forward into the following year prior to release of the new data. ↩

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