Total monthly cost of ownership
Cost to Own a Home in West Terre Haute, Indiana
A $72,000 home here costs
$777per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $33,500 a year.
A standard mortgage calculator would have told you $399. The real number is $378 higher every month, 95% more than the payment most buyers budget for.
Compare Vigo County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for West Terre Haute from a five-year rolling sample, and with about 2,073 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Vigo County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
West Terre Haute against Vigo County and Indiana
| Measure | West Terre Haute | Vigo County |
|---|---|---|
| Median home value | $72,300 | $140,400 |
| Median property tax | $829 | $1,256 |
| Effective tax rate | 1.147% | 0.895% |
| Median gross rent | $733 | $879 |
| Population | 2,073 | 106,201 |
The weather behind that power bill
West 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 $151 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
Talk to someone who works this market
These are West Terre Haute averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works West Terre Haute every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in West Terre Haute?
A $72,000 home in West Terre Haute, Indiana costs approximately $777 per month with 20% down at 7.4%. That is $399 principal and interest, $69 property tax, $31 homeowners insurance, $219 utilities and $60 set aside for maintenance.
What is the property tax rate in West Terre Haute?
West Terre Haute has an effective property tax rate of 1.147%, based on a median home value of $72,300 and median real estate taxes of $829. That is higher than the Vigo County average of 0.895%.
What is the average home price in West Terre Haute?
The median owner-occupied home value in West Terre Haute, Indiana is $72,300, against $140,400 across Vigo County.
Is it cheaper to rent or buy in West Terre Haute?
Median gross rent in West Terre Haute is $733 a month, against $777 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in West Terre Haute?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in West Terre Haute, Indiana at today's rate takes a household income of roughly $33,500 a year. That covers the full $777 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for West 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.