Total monthly cost of ownership
Cost to Own a Home in Terre Haute, Indiana
A $110,000 home here costs
$1,024per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $566. The real number is $459 higher every month — 81% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Terre Haute against Vigo County and Indiana
| Measure | Terre Haute | Vigo County |
|---|---|---|
| Median home value | $109,500 | $140,400 |
| Median property tax | $1,060 | $1,256 |
| Effective tax rate | 0.968% | 0.895% |
| Median gross rent | $877 | $879 |
| Population | 58,491 | 106,201 |
The weather behind that power bill
Terre Haute sits in Vigo County, which averages a high of 85.9°F in its hottest month and a low of 20.7°F in its coldest, with 40.84" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,077 cooling and 5,235 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Vigo County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Vigo County
Common questions
How much does it cost to own a home in Terre Haute?
A $110,000 home in Terre Haute, Indiana costs approximately $1,024 per month with 20% down at 6.66%. That is $566 principal and interest, $89 property tax, $47 homeowners insurance, $231 utilities and $92 set aside for maintenance.
What is the property tax rate in Terre Haute?
Terre Haute has an effective property tax rate of 0.968%, based on a median home value of $109,500 and median real estate taxes of $1,060. That is higher than the Vigo County average of 0.895%.
What is the average home price in Terre Haute?
The median owner-occupied home value in Terre Haute, Indiana is $109,500, against $140,400 across Vigo County.
Is it cheaper to rent or buy in Terre Haute?
Median gross rent in Terre Haute is $877 a month, against $1,024 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Terre Haute — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Indiana.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.