Total monthly cost of ownership
Cost to Own a Home in West Terre Haute, Indiana
A $72,000 home here costs
$761per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $370. The real number is $391 higher every month — 106% 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.
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 $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 West Terre Haute?
A $72,000 home in West Terre Haute, Indiana costs approximately $761 per month with 20% down at 6.66%. That is $370 principal and interest, $69 property tax, $31 homeowners insurance, $231 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 $761 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 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.